Amprius Completes Qualification Process for SiMaxx™ Mass Production Tool, Ramping Up Manufacturing Capacity to 2 MWh
11 Aprile 2024 - 2:30PM
Business Wire
Increased Silicon Nanowire Anode Manufacturing
Capacity at Fremont, CA, Headquarters to Address Growing Electric
Mobility Demand
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced that it has completed its qualification process for its
centrotherm mass production deposition tool (the “centrotherm
tool”) to manufacture silicon nanowire anodes. This milestone marks
a pivotal step in ramping production capacity to meet the growing
demand for its ultra-high-energy SiMaxx™ cells in electric mobility
applications.
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Amprius' Industry-Leading Silicon Anode
SiMaxx Battery. (Photo: Amprius)
Throughout its capacity expansion in Fremont, Amprius has been
working on its anode fabrication process for the centrotherm tool
to achieve the targeted silicon anode performance necessary for
Amprius to begin shipping commercial cells. Amprius’ demand
pipeline is robust with current SiMaxx capacity sold out through
2024. With this qualification process complete, Amprius is able to
complement the Company’s existing roll-to-roll systems with the
centrotherm tool. This enables an increase in SiMaxx shipments as
Amprius advances its Fremont, California, production ramp to 2 MWh,
representing approximately a 10X increase in capacity online
exiting 2024.
“This achievement signifies a crucial advancement in scaling up
production capacity to address the increasing need for our
ultra-high-energy cells in electric mobility applications,” said
Jon Bornstein, President of Amprius Labs. “Our primary focus in
Fremont is to supply high-energy cells to meet this demand. The
successful qualification of our production solution not only
accelerates our ramp-up in Fremont this year but also prepares us
to manufacture SiMaxx at our gigawatt-hour-scale factory in
Brighton, CO.”
In addition to internal validation, Amprius has garnered support
from industry partners such as BAE Systems. Robert Davidson from
BAE Systems emphasized the importance of Amprius' qualification
progress, stating, “The availability of ultra-high-energy cells is
paramount to extend the operating capability of our PHASA-35
High-Altitude Long Endurance (HALE) vehicle. We are excited that
Amprius is increasing the production capacity of its most advanced
cells, aligning with our goal of establishing aircraft capable of
addressing next-generation applications in long endurance, high
altitude, and communications.”
For more information, please visit the Company’s investor
relations website at ir.amprius.com.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries producing the
industry’s highest known energy density cells. The company’s
commercially available SiMaxx™ batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third party validation of 500Wh/kg and 1,300
Wh/L. The company’s corporate headquarters is in Fremont,
California, where it maintains an R&D lab and a MWh scale
manufacturing facility for the fabrication of silicon anodes and
cells. To serve customer demand, Amprius entered into a lease
agreement for an approximately 774,000 square foot facility in
Brighton, Colorado, and expanded its product portfolio to include
the SiCore™ platform. For additional information, please visit
amprius.com. Also, see the company’s LinkedIn and Twitter
pages.
About BAE Systems
Learn more about BAE Systems here:
https://www.baesystems.com/en/home
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended. Forward-looking statements may be identified by the use of
words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “seek” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the timing and ability of Amprius to increase
its manufacturing capacity, customers’ demand for Amprius’
batteries, the ability of Amprius to build a large-scale
manufacturing facility, and the batteries to be produced at
Amprius’ large-scale manufacturing facility. These statements are
based on various assumptions, whether or not identified in this
press release, and on the current expectations of Amprius’
management and are not predictions of actual performance. Actual
results could differ materially from these forward-looking
statements as a result of certain risks and uncertainties. These
forward-looking statements are subject to a number of risks and
uncertainties, including delays in permitting, construction and
operation of production facilities; Amprius’ liquidity position;
risks related to the rollout of Amprius’ business and the timing of
expected business milestones; Amprius’ ability to commercially
produce high performing batteries; the effects of competition on
Amprius’ business; supply shortages in the materials necessary for
the production of Amprius batteries; and changes in domestic and
foreign business, market, financial, political and legal
conditions. For more information on these risks and uncertainties
that may impact the operations and projections discussed herein can
be found in the documents we filed from time to time with the
Securities and Exchange Commission (the “SEC”), all of which are
available on the SEC’s website at www.sec.gov. There may be
additional risks that Amprius does not presently know or that
Amprius currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Amprius’ expectations, plans or forecasts of future events
and views as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Amprius’ assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements. Except as required
by law, Amprius specifically disclaims any obligation to update any
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240411534533/en/
Investors Tom Colton, Chris Adusei-Poku Gateway Group,
Inc. 949-574-3860 IR@amprius.com
Media Zach Kadletz, Brenlyn Motlagh Gateway Group, Inc.
949-574-3860 Amprius@Gateway-grp.com
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