Enovix to Showcase Award-Winning Battery Technology at CES 2022 | Your money

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FREMONT, Calif., December 20, 2021 (GLOBE NEWSWIRE) – Enovix Corporation (Enovix) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next-generation 3D Silicon ™ lithium-ion batteries, today announced its participation in Pepcom’s digital experience! on January 4, 2022 and the Consumer Electronics Show (CES) on January 5 and 6, 2022 in Las Vegas.

The Enovix battery cell has been named CES® 2022 Innovation Award Winner. The CES Innovation Awards, owned and produced by the Consumer Technology Association (CTA) ®, is an annual competition for outstanding design and engineering in 27 categories of consumer technology products. An elite panel of expert industry judges reviewed the submissions based on innovation, engineering and functionality, aesthetics and design. This year’s awards program received a record number of over 1,800 nominations.

“We are honored that CTA has recognized that our batteries are a game-changer in consumer electronics,” said Harrold Rust, President, CEO and Co-Founder of Enovix. “Our battery cells are designed to deliver up to twice the energy density of standard lithium-ion batteries in several categories of consumer electronics. Increased energy density is essential to support compute-intensive applications in high-end consumer electronics, such as portable devices, cell phones, and laptop / tablet platforms.

Company executives will demonstrate how Enovix batteries deliver a gradual increase in energy density, while requiring less bulk when compared to batteries from leading consumer brands, laptops, portable devices and mobile devices .

“What makes this massive increase in energy density possible is our new 3D cell architecture, which completely reinvents battery construction, rejecting the wound design that is over a century old,” Ashok said. Lahiri, CTO and Co-Founder of Enovix. “We invented a precise laser-generated 3D architecture that allows more efficient use of battery volume and can accommodate a 100% active silicon anode. Silicon has more than twice the capacity of traditional graphite. Coupled together – our new cell design plus our 100% active silicon anode – and this is the most significant advance in battery design in our life.

To schedule a CES meeting with Enovix executives, please contact [email protected]

About Enovix Enovix is ​​the leader in the development and production of advanced lithium-ion silicon anode batteries. The company’s proprietary 3D cellular architecture increases energy density and maintains high lifespan. Enovix is ​​building a state-of-the-art silicon anode lithium-ion battery production plant in the United States for volume production. The company’s initial goal is to provide class-leading mobile device designers with a high-energy battery so that they can create more innovative and efficient wearable products. Enovix is ​​also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to enable widespread use of renewable energies. For more information, visit www.enovix.com.

Forward-looking statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks. and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should “,” plan “,” expect “,” foresee “,” could “,” potentially “,” target “,” plan “,” believe “,” continue “or the negative of these terms or expressions Similar press releases include, but are not limited to, statements regarding Enovix’s battery design, energy density, performance and manufacturing capacity; our ability to minimize battery costs; our schedule for production and marketing, our future product development and roadmap, and future demand for our lithium-ion battery solutions. Actual results could differ materially from these forward-looking statements due to certain risks and uncertainties, including, without limitation, the risks set out under “Risk Factors” in Form 10-Q that we filed with the Securities and Exchange Commission (the “SEC”) on November 15, 2021, and other documents that we have filed, or that we will file, with the SEC. All forward-looking statements we make in this press release speak only as of the date they are made and subsequent events may change those expectations. We disclaim any obligation to update or modify these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

For investor and media inquiries, please contact: Enovix Corporation Charles Anderson Phone: +1 (612) 229-9729 Email: [email protected]

Or

The Blueshirt Group Gary Dvorchak, CFA Phone: (323) 240-5796 Email: [email protected]

For media inquiries, please contact: Enovix Corporation Kristin Atkins Phone: +1 (650) 815-6934 Email: [email protected]

A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/742e05a0-d512-4ebf-b926-d4fb5a336a69

Copyright 2021 GlobeNewswire, Inc.


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