Core Insights - Enovix Corporation has launched the AI-1 platform, featuring a silicon-anode battery designed for next-generation smartphones, which offers significantly higher energy storage and power for AI functions [1][2] - The AI-1 battery boasts an energy density exceeding 900 Wh/L, making it the highest energy density battery commercially available today, and addresses issues related to silicon anode swelling [2][5] - The company has patented its battery architecture, which allows for exceptional performance without compromising safety or longevity, and is now positioned to support a 1.2 billion unit smartphone market [3][4] Company Developments - Enovix has begun sampling its first 7,350 mAh AI-1 batteries to a leading smartphone OEM for qualification, marking the first-ever launch of a 100% silicon-anode battery in smartphones [1][3] - The AI-1 battery is capable of fast charging at 3C rates, achieving 20% charge in 5 minutes and 50% in 15 minutes, with over 900 cycles in standard smartphone usage [5][6] - The company has over $200 million in cash reserves, indicating strong financial backing for future developments and scaling of production [6] Technical Specifications - The AI-1 battery has a volume of 1.79 cubic inches and can hold 26.3 watt-hours of energy, sufficient to power a hydraulic lift for a 4,948-pound truck three times on a single charge [4][8] - The battery's design allows for high discharge capability across a wide temperature range, making it ideal for AI applications [5] - Enovix's R&D efforts involved significant re-engineering of their production facilities to meet the demands of the AI-1 battery, with a team of 50 engineers, including 30 PhDs [3][6] Market Position - The introduction of the AI-1 battery positions Enovix to capture a larger share of the smartphone market, which is significantly more lucrative than the wearables market previously targeted [3] - The company aims to leverage its advanced battery technology to meet the growing demand for high-performance energy storage solutions in various applications, including smartphones and wearables [9]

FREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (NASDAQ:ENVX), a global high-performance battery company, announced the appointment of Ryan Benton as Chief Financial Officer (CFO). Mr. Benton brings over three decades of financial leadership experience. He previously held key roles at ASM International and served as CFO for multiple public companies including Silvaco and Exar Corporation. Enovix CEO Dr. Raj Talluri added, "Ryan's experience and transparent communication style make him ...