Amprius Signs Development Contract for a High-Energy Custom Battery Cell with a Fortune 500 Company
FREMONT, Calif.–(BUSINESS WIRE)–Amprius Technologies, Inc. (“Amprius” or the “Company”) (NYSE: AMPX),a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced it has signed a development contract from a Fortune 500 company. The contract employs Amprius to develop a small format custom high-energy SiMaxx™ pouch cell using Amprius’ proprietary silicon anode technology.
Amprius’ high-energy batteries provide the critical solution to the customer’s application. The project is expected to reduce the battery’s weight and size by approximately 50% compared to their current battery, without compromising performance. A smaller and lighter battery enables better product designs, enhances the overall customer experience, and offers a significant competitive advantage in the market. The application is projected to require over one million cells per year if the project objectives are met.
Dr. Kang Sun, CEO of Amprius Technologies, said :
This engagement again demonstrates the impact of Amprius technology on customer applications. Our high-energy and high power-density silicon anode cells allow companies to innovate confidently, knowing their devices will be powered efficiently and safely,
“We are excited to collaborate with industry leaders to deliver the best battery solutions.”
Amprius is continuing to see increasing demand for its high-performance silicon anode batteries among Fortune 500 leaders. In September, the Company announced it previously signed an LOI with a different Fortune Global 500 leader in LEVs.
For more information on Amprius, please visit the Company’s investor relations website at https://ir.amprius.com.
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Amprius Signs Development Contract for a High-Energy Custom Battery Cell with a Fortune 500 Company, source
