Amprius Technologies Forms Industry Advisory Council
September 13 2023 - 08:30AM
Business Wire
Transportation and Power Generation Veteran
Tony Satterthwaite Named Council’s First Member
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced the formation of its new Industry Advisory Council (the
“Council”). The Council is intended to provide the Company with
key, multi-industry expertise including advising senior management
through the Company’s next growth phase. Current independent
director Mary Gustanski has been appointed Chair of the Council,
and transportation industry veteran Tony Satterthwaite has been
named the Council’s first outside member.
The Council will be an important resource to the Company as it
expands its presence in aviation and various vehicular
transportation end markets. Ms. Gustanski and Mr. Satterthwaite,
along with future Council members, will regularly meet with Amprius
management to share perspectives and provide input on the Company's
strategic plans and execution.
Mr. Satterthwaite brings over 30 years of experience in the
transportation and power generation industries. Through his role on
the Council, Mr. Satterthwaite will be focused on the Company's
product and customer development across transportation end markets.
He is currently the Senior Vice President at Cummins, Inc., a
global power solutions provider, where he is responsible for
solving large enterprise challenges and aligning business units
across digital products and services.
“Forming this Advisory Council represents another important step
towards Amprius’ future as we look to become a renewable energy
provider for multiple end markets,” said Amprius Chairman of the
Board Don Dixon. “As we expand our capabilities and increase our
product portfolio to address new applications, it is vital that we
leverage the expertise of this new group to support our strategic
planning efforts. Mary and Tony bring a deep knowledge of building
brands and serving end customer needs across the, power generation,
EV, and broader transportation sector, making them the ideal
initial members on our Council. We look forward to benefitting from
their insights as Amprius continues its journey to revolutionize
the electric mobility industry.”
“As new entrants proliferate the energy transition ecosystem, it
is becoming increasingly important to have strategic relationships
to develop a differentiated go-to-market approach even for superior
technology providers,” said Mr. Satterthwaite. “Amprius’ industry
leading technology is going to be highly relevant in several end
markets, and I believe I can leverage my experience to aid the
acceleration of its growth in the United States and abroad. I look
forward to working with the senior leadership team to build key
relationships and deploy strategies to execute on their expanding
mission.”
The Company will look to bring on additional industry leaders in
the aviation and automotive sectors and plans to announce future
appointments in the coming months.
For additional 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 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230913335759/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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