Enovix Secures Landmark Purchase Order for Silicon Batteries
Enovix (ENVX) has secured a significant pre-paid purchase order from a leading Silicon Valley-based AI and immersive technology company for custom battery solutions designed for Mixed Reality (MR) wearables. The batteries will power next-generation head-worn devices, including smart glasses and augmented reality products.
Initial shipments are scheduled for mid-2025, with production taking place at the company's Fab2 facility in Penang, Malaysia. The agreement adds substantial contracted backlog to Fab2's production pipeline. Enovix's 3D silicon anode technology was chosen for its high energy density, compact form factor, and performance capabilities essential for MR applications.
The company plans to launch EX-1M this year and EX-2M in 2026, demonstrating its commitment to advancing battery technology for next-generation devices.
Enovix (ENVX) ha ottenuto un'importante ordine di acquisto prepagato da una delle principali aziende della Silicon Valley specializzata in AI e tecnologie immersive per soluzioni di batterie personalizzate progettate per dispositivi di Realt脿 Mista (MR). Le batterie alimenteranno dispositivi indossabili di nuova generazione, tra cui occhiali intelligenti e prodotti di realt脿 aumentata.
Le spedizioni iniziali sono programmate per met脿 2025, con produzione che si svolger脿 presso il Fab2 in Malesia. L'accordo aggiunge un sostanziale backlog contrattato alla pipeline produttiva di Fab2. La tecnologia dell'anodo in silicio 3D di Enovix 猫 stata scelta per la sua alta densit脿 energetica, il formato compatto e le capacit脿 di prestazione essenziali per le applicazioni MR.
L'azienda prevede di lanciare EX-1M quest'anno e EX-2M nel 2026, dimostrando il suo impegno nel migliorare la tecnologia delle batterie per i dispositivi di nuova generazione.
Enovix (ENVX) ha asegurado una importante orden de compra pre-pagada de una empresa l铆der en tecnolog铆a inmersiva e inteligencia artificial basada en Silicon Valley para soluciones de bater铆as personalizadas dise帽adas para dispositivos de Realidad Mixta (MR). Las bater铆as alimentar谩n dispositivos port谩tiles de pr贸xima generaci贸n, incluidos gafas inteligentes y productos de realidad aumentada.
Los env铆os iniciales est谩n programados para mediados de 2025, con producci贸n que tendr谩 lugar en las instalaciones Fab2 en Penang, Malasia. El acuerdo a帽ade un backlog contractual sustancial a la pipeline de producci贸n de Fab2. La tecnolog铆a del 谩nodo de silicio 3D de Enovix fue seleccionada por su alta densidad energ茅tica, su forma compacta y sus capacidades de rendimiento esenciales para las aplicaciones de MR.
La empresa planea lanzar EX-1M este a帽o y EX-2M en 2026, demostrando su compromiso con el avance de la tecnolog铆a de bater铆as para dispositivos de pr贸xima generaci贸n.
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齑堦赴 氚办啞鞚� 2025雲� 欷戨皹鞙茧 鞓堨爼霅橃柎 鞛堨溂氅�, 靸濎偘鞚� 毵愲爤鞚挫嫓鞎� 韼橂偔鞚� Fab2 鞁滌劋鞐愳劀 歆勴枆霅╇媹雼�. 鞚� 瓿勳暯鞚� Fab2鞚� 靸濎偘 韺岇澊頂勲澕鞚胳棎 靸侂嫻頃� 瓿勳暯 鞛旍暋鞚� 於旉皜頃╇媹雼�. Enovix鞚� 3D 鞁るΜ旖� 鞚岅饭 旮办垹鞚� MR 鞚戩毄 攵勳暭鞐� 頃勳垬鞝侅澑 雴掛潃 鞐愲剤歆� 氚�霃�, 靻岉槙 靹り硠 氚� 靹彪姤鞚� 氤挫棳欷� 瓴巾棙鞙茧 靹犿儩霅橃棃鞀惦媹雼�.
須岇偓電� 鞓暣 EX-1M鞚� 於滌嫓頃� 瓿勴殟鞚措┌, EX-2M鞚� 2026雲勳棎 於滌嫓頃� 鞓堨爼鞙茧, 彀劯雽� 鞛レ箻毳� 鞙勴暅 氚绊劙毽� 旮办垹 氚滌爠鞐� 雽�頃� 鞚橃毳� 氤挫棳欤缄碃 鞛堨姷雼堧嫟.
Enovix (ENVX) a obtenu une commande importante pr茅pay茅e d'une entreprise leader en technologie immersive et en intelligence artificielle bas茅e dans la Silicon Valley pour des solutions de batterie personnalis茅es con莽ues pour des dispositifs de R茅alit茅 Mixte (MR). Les batteries alimenteront des dispositifs portables de nouvelle g茅n茅ration, y compris des lunettes intelligentes et des produits de r茅alit茅 augment茅e.
Les premi猫res exp茅ditions sont pr茅vues pour mi-2025, avec une production pr茅vue dans les locaux de Fab2 脿 Penang, Malaisie. L'accord ajoute un volume de commandes contractuelles substantiel au pipeline de production de Fab2. La technologie d'anode en silicium 3D d'Enovix a 茅t茅 choisie pour sa haute densit茅 茅nerg茅tique, son format compact et ses capacit茅s de performance essentielles pour les applications MR.
L'entreprise pr茅voit de lancer EX-1M cette ann茅e et EX-2M en 2026, d茅montrant son engagement 脿 faire progresser la technologie des batteries pour des dispositifs de nouvelle g茅n茅ration.
Enovix (ENVX) hat eine bedeutende vorab bezahlte Bestellung von einem f眉hrenden Unternehmen f眉r KI und immersive Technologie aus dem Silicon Valley f眉r ma脽geschneiderte Batteriel枚sungen gesichert, die f眉r Mixed-Reality (MR) Wearables entwickelt wurden. Die Batterien werden zuk眉nftige tragbare Ger盲te mit Energie versorgen, einschlie脽lich smarter Brillen und Produkte der erweiterten Realit盲t.
Die ersten Lieferungen sind f眉r mitte 2025 geplant, wobei die Produktion in der Fab2-Anlage in Penang, Malaysia stattfinden wird. Die Vereinbarung f眉gt der Produktionspipeline von Fab2 einen erheblichen Auftragsbestand hinzu. Die 3D-Silizium-Anodentechnologie von Enovix wurde aufgrund ihrer hohen Energiedichte, kompakten Bauform und Leistungsmerkmale, die f眉r MR-Anwendungen entscheidend sind, ausgew盲hlt.
Das Unternehmen plant, EX-1M in diesem Jahr und EX-2M im Jahr 2026 auf den Markt zu bringen, was sein Engagement f眉r die Fortschritte in der Batterietechnologie f眉r zuk眉nftige Ger盲te belegt.
- Secured prepaid purchase order from major tech company
- Adds significant contracted backlog for Fab2 facility
- Validates Enovix's technology in emerging MR market
- Establishes partnership with influential AI/MR company
- Delivery timeline extends to mid-2025, indicating delayed revenue recognition
Insights
This purchase order represents a significant technological validation for Enovix's silicon anode battery technology. Their 3D silicon architecture enables up to 2-3x higher energy density compared to traditional lithium-ion batteries, making it particularly valuable for space-constrained wearable devices. The pre-payment component suggests strong confidence in Enovix's delivery capabilities and technology readiness.
The focus on MR wearables is strategically sound - these devices require batteries that can deliver high power in a compact form factor while maintaining safety standards. The EX-1M and planned EX-2M platforms demonstrate a clear technology roadmap that aligns with the evolving needs of the MR market. Having a major AI/MR player as a customer provides important industry validation.
The mixed reality device market is projected to grow at a CAGR of 38.6% through 2030. Securing a contract with a leading AI/MR technology company positions Enovix to capture significant market share in this high-growth sector. The pre-paid nature of the order provides immediate working capital and validates the commercial viability of their technology.
The timing of this deal is particularly strategic as it coincides with the ramp-up of their Fab2 facility in Malaysia, providing guaranteed demand that helps justify the manufacturing expansion. For investors, this represents tangible evidence of market traction and potential revenue growth, especially important given the company's transition from R&D to commercial production.
While specific financial terms weren't disclosed, this deal carries multiple positive implications for Enovix's valuation. The pre-paid structure improves working capital efficiency and reduces execution risk. The contract's inclusion in the backlog for Fab2 suggests meaningful revenue potential, likely in the multi-million dollar range given the customer's profile and application scope.
The partnership with a major tech player could lead to follow-on orders and additional customer wins in the wearables space. The market is particularly watching execution on timeline commitments, with initial deliveries scheduled for mid-2025. Meeting these milestones would significantly de-risk the company's commercialization strategy and could catalyze multiple expansion.
FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (鈥淓novix鈥�) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying its position as a leader in delivering breakthrough battery solutions.
Enovix CEO Dr. Raj Talluri commented, 鈥淚鈥檓 incredibly excited for Enovix to be selected by another leading OEM in this emerging space. This is a defining moment for Enovix. It not only adds meaningful contracted backlog for Fab2 in Penang, Malaysia, but also firmly establishes Enovix as a trusted partner for custom battery development with one of the largest and most influential companies driving AI and MR innovation. MR headsets are an ideal application for our unique 3D silicon anode technology, which meets the demanding requirements for high energy density, compact form factors, and unparalleled performance. With the launch of EX-1M this year and EX-2M slated for 2026, Enovix is committed to bolstering the MR ecosystem by delivering bespoke battery solutions that empower next-generation devices. This agreement underscores our leadership in advancing battery technology to power the devices of tomorrow.鈥�
About Enovix
Enovix is on a mission to deliver high-performance batteries to unlock the full potential of technology products. Every electronic appliance 鈥� for IoT, mobile, and computing 鈥� needs a better battery. Enovix is partnering with OEMs worldwide to usher in a new era of user experiences. Our innovative, materials-agnostic battery architecture creates higher-performing batteries without compromising safety and keeps us on the cutting-edge.
Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow us on聽LinkedIn.
For media and investor inquiries, please contact: Robert Lahey Email:聽
FAQ
When will Enovix (ENVX) begin shipping batteries for MR wearables?
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