Amprius Secures Purchase Orders from Three Premier Electric Aviation Companies for Custom 450 Wh/kg Platform Cells
November 06 2023 - 8:30AM
Business Wire
Only Known Commercially Available Battery
Platform Capable of Providing Power and Endurance for Stratospheric
Flight for HAPS Applications in All Seasons or at Higher
Latitudes
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 purchase orders with three premier electric
aviation manufacturers for custom cells from the Company’s 450
Wh/kg ultra-high-energy density platform for battery pack
development and qualification.
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the full release here:
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Amprius Secures Purchase Orders from
Three Premier Electric Aviation Companies for Custom 450 Wh/kg
Platform Cells (Photo Credit: Amprius)
The custom cells from the 450 Wh/kg platform were developed in
collaboration with Amprius’ strategic customers to address their
unique HAPS (high-altitude pseudo satellite) qualification
requirements and enable them to operate in highly challenging
environments. With greater energy density and longer cycle life
than the previous 400 Wh/kg platform, the new 450 Wh/kg cells are
the only known commercially available batteries of their kind that
can provide enough power and endurance for HAPS overnight
stratospheric flight1 applications and enable higher payloads
and/or operation in all seasons or at higher latitudes.
“Our new family of customizable ultra-high-energy density cells
offers the ability to significantly reduce weight and increase
range,” said Dr. Kang Sun, Chief Executive Officer of Amprius.
“Amprius is proud to support the advancement of electric mobility
by delivering energy density performance that is unmatched by
conventional cells available on the market today.”
The aviation industry continues to work diligently to enhance
cell energy density and minimize aircraft weight to meet their
flight objectives. The growing demand for these high-energy cells
reflects the increasing need for cutting-edge batteries that offer
industry-leading performance for electric mobility
applications.
“Our flight missions require extremely high energy batteries to
achieve our performance requirements,” said Dave Corfield, CEO of
Prismatic. “We greatly value the partnership with Amprius and are
confident that our collaboration will result in significant
advancements in our ability to provide an alternative to
conventional sensing and communications systems. Partnering with
Amprius, we were able to integrate their ultra-high-energy density
batteries to achieve our mass targets which are critical to
PHASA-35 performance.’’
Commercialization of these new cells is scheduled before the end
of the year. These new custom cell form factors are positioned to
improve performance in aviation applications, including both
high-energy drones such as HAPS, as well as high-energy storage
applications for the military.
For more 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 addressable market for Amprius’ batteries,
and the ability and timing of Amprius to commercialize its new
cells. 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.
1 “Army Drone Stays Aloft for 64 Days.” AUSA, August 24, 2022.
https://www.ausa.org/news/army-drone-stays-aloft-64-days.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231106428477/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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