New High-Performance Drop-In Drone Battery Pack
is 31% Lighter Compared to Current Industry Offerings with 6%
Greater Energy
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 its high-energy density cells have been integrated
into a state-of-the-art battery packs produced by Tenergy, a
pioneer in providing total power solutions for the rechargeable
battery market.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230911879987/en/
Amprius Unveiled Revolutionary Battery
Pack in Partnership with Tenergy at CUAV Las Vegas. (Photo:
Business Wire)
Unveiled to significant attendee interest last week at the
Commercial UAV Expo (“CUAV”) in Las Vegas, the Tenergy x Amprius
battery offers a 31% reduction in weight while still carrying a 6%
greater energy than other comparable packs.
“Through our partnership with Tenergy, customers can purchase
this drop-in pack solution immediately, allowing end users to solve
for longer range or additional payload. Amprius remains committed
to delivering high-performance batteries crucial for powering
advanced electric aviation missions and is collaborating with
Tenergy to develop and release additional pack offerings,” said
Kang Sun, Chief Executive Officer of Amprius. “While our advanced
silicon anode cells have been commercially available to customers
since 2018, this marks the first integrated pack available using
our advanced cells, targeted to address the demands of the UAS
market.”
Available commercially now for delivery, this next-generation
battery pack is designed to enable increased adoption in the
Unmanned Aircraft Systems (“UAS”) market which is estimated to
reach $38B by 2025.
“We have been eagerly awaiting batteries of this caliber to be
released into the market. Amprius is the only manufacturer
providing proven next-generation cells with unparalleled flight
time and flight range thresholds transforming performance metrics
that will take UAS industry to new heights,” said Jason Li, CEO of
Tenergy. “The collaboration on this drop-in battery pack provides
significant advantages to how drones can perform.”
Upgrade Energy CEO Matthew Barnard added: "The new Amprius
silicon anode batteries represent a leap forward not only for UAS
performance but also for the entire battery industry. Amprius' new
silicon anode will enable longer flights, reduced environmental
impact, and greater operational efficiency, setting a new standard
for both UAS capabilities and the future of battery
technology."
The Commercial UAV Expo is an annual event for the commercial
drone community to hear about new opportunities and challenges
being addressed in the market. Participants included
representatives and potential customers from many different
industries. Parties interested in the Amprius x Tenergy battery
pack offering ranged from UAS startups to government agencies.
For more information on Amprius, please visit the investor
relations section of the Company’s website.
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 batteries deliver up to 450 Wh/kg and 1,150
Wh/L. The company’s corporate headquarters is in Fremont,
California where it maintains an R&D lab and a pilot
manufacturing facility for the fabrication of silicon anodes and
cells. To serve customer demand, Amprius recently entered into a
lease agreement for an approximately 774,000 square foot facility
in Brighton, Colorado. For additional information, please visit
amprius.com. Also, see the company’s LinkedIn and Twitter
pages.
About Tenergy
Tenergy Corporation was established in 2004 in the heart of
Silicon Valley, California. As a pioneer in providing total power
solutions, Tenergy has enjoyed rapid growth by working closely with
our customers to develop comprehensive battery and charger
products. Tenergy serves a worldwide spectrum of industry clients
through technical strength and innovative products. Our customers
benefit from Tenergy’s broad product and technical capabilities in
NiMH, Li-Ion, Li-Polymer, LiFePO4, NiCd batteries, chargers, power
management, and other emerging power technologies. Tenergy products
touch a wide variety of products in the rechargeable battery
market, including industrial, consumer products, storage,
transportation, medical, communication, military, and many other
special applications.
About Upgrade Energy
Upgrade Energy is a battery pack and BMS design and assembly
company, enabling the world's best cells with smart battery
technology to push the envelope of UAV performance.
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 performance and potential application of
Amprius’ batteries, the estimated size of the UAS market and the
potential implications of Amprius’ batteries for the UAS market and
the entire battery industry. 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
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’ products;
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/20230911879987/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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