Core Insights - Ensurge Micropower ASA has entered into agreements with Corning Incorporated to develop ultra-high performance solid-state microbatteries based on Ensurge's platform [1][2] - The collaboration aims to integrate Corning's ribbon ceramic materials and process technology with Ensurge's microbattery architecture to create a product line for various applications [2][3] Joint Development Agreement - The Joint Development Agreement establishes a framework for collaboration between Ensurge and Corning, focusing on the integration of materials and technology [2] - The goal is to commercialize batteries for high-volume consumer, medical, industrial, and defense applications [2] Investment Agreement - An Investment Agreement has been established, allowing Corning to invest in Ensurge, with costs convertible into new shares [3][4] - The conversion of costs into shares will occur at a predetermined price of NOK 1.11 per share, based on the average closing price over the last 10 trading days prior to the agreements [4] Financial Terms - The maximum amount convertible to shares is USD 5 million, and Corning has the option to invest up to USD 10 million through warrants [5] - Each warrant has an exercise price of NOK 1.50 per share and can be exercised within two years following approval by an extraordinary general meeting [6] Warrant Details - The warrants will be granted at no charge and will not be traded on Euronext Oslo Børs [7] - The issuance of warrants and conversion shares is subject to approval by the extraordinary general meeting [7]