Complementary to the Silicon Nanowire Platform
(Under the New Product Platform SiMaxxTM), the New
SiCoreTM Platform Offers up to 400Wh/kg and as many as 1,200
Cycles
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced its all-new SiCoreTM product platform, an expansion of
its product portfolio of industry-leading silicon anode batteries
targeted to revolutionize electric mobility. In addition to this
SiCore product platform, Amprius has also branded its existing
silicon nanowire platform SiMaxxTM with its current product range
of up to 500 Wh/kg and 1,300 Wh/L energy density.
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the full release here:
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Amprius Broadens Product Portfolio with
New Commercially Available Silicon Anode Battery Platform – SiCore
(Photo: Business Wire)
The new SiCore batteries are based on an innovative, proprietary
silicon anode material system delivering high-energy-density
silicon anode batteries that surpass state-of-the-art graphite cell
performance today. The new silicon anode cell chemistry is designed
to offer high energy density, up to 400 Wh/kg, and long cycle life,
as many as 1,200 cycles at full depth of discharge.
“Leveraging our proven track record of delivering the industry’s
highest commercially available energy density silicon anode
lithium-ion cells to esteemed aviation customers such as
AALTO/Airbus, AeroVironment, BAE Systems, Teledyne FLIR, and the
U.S. Military, Amprius sees a significant opportunity with SiCore
to broaden our silicon anode battery solutions today and to advance
more applications across electric mobility,” said Dr. Kang Sun, CEO
of Amprius Technologies. “The global battery market size for
electric mobility is projected to grow to over $100 billion by
2025,1,2,3 including aviation and electric vehicles. This new
product platform is expected to strengthen our ability to meet
customers’ volume shipment requirements immediately while
presenting a drop-in solution to foster silicon anode adoption in
multiple applications, allowing us to better address this growing
market.”
Developed in close collaboration with Berzelius (Nanjing) Co.
Ltd. (a formerly affiliated company then known as Amprius
(Nanjing)), the SiCore silicon anode battery performance has been
validated across various applications in the electric mobility
market. Initial samples of SiCore batteries have garnered positive
feedback from customers with demanding performance requirements,
leading to forecasts from customers for demand in excess of 100
megawatt hours (MWh) over the coming years. Amprius has been
sampling the SiCore products with customers for several months as
part of an ongoing market exploration.
“We are excited to have been part of the initial testing with
Amprius as they evaluated launching the groundbreaking SiCore
battery, designed to significantly extend the travel range and
cycle life of anything that flies or moves compared to currently
available commercial batteries,” said John P. Aldana, Sr. Director,
Switchblade 300 Product Line, Loitering Missile Systems at
AeroVironment. “As a pioneer in supplying ultra-high-energy silicon
anode batteries to the aviation sector, we believe Amprius is
well-positioned to introduce its new product families that provide
extended range and enhanced performance that is available today,
with plans to onshore production at Amprius’ new Colorado
factory.”
Through an exclusive supply agreement with its partner
Berzelius, Amprius possesses exclusive rights to use these silicon
anode materials to serve the United States, Canada, and Mexico. The
SiCore batteries are currently manufactured by toll manufacturing
partners. The SiCore product platform complements the currently
sold-out capacity of the Company’s SiMaxx silicon nanowire anode
batteries, serving as a capacity bridge until the gigawatt-scale
facility becomes operational.
“This alignment with a proven large-scale manufacturing partner
positions us to deliver superior battery performance while
leveraging their existing production lines,” added Dr. Sun. “SiCore
allows us to support our customers' roadmaps and demands while we
execute on our plans for our large-scale facility in Colorado, all
without diverting capital from the U.S. scaling effort.”
MWh-scale quantities of SiCore products in a wider range of form
factors encompassing pouch, large form factor (up to 100 Ah), and
cylindrical cells are readily available for 2024 delivery to
support customer demand. These products will pair with Amprius’
existing MWh capacity installed in Fremont, CA for SiMaxx. Amprius
expects to produce both SiCore and SiMaxx batteries at its
gigawatt-scale factory in Colorado.
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 SiMaxxTM batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third party validation of 500Wh/kg and 1,300
Wh/L. The company’s corporate headquarters is in Fremont,
California where it maintains an R&D lab and a MWh scale
manufacturing facility for the fabrication of silicon anodes and
cells. To serve customer demand, Amprius entered into a lease
agreement for an approximately 774,000 square foot facility in
Brighton, Colorado and expanded its product portfolio to include
the SiCoreTM platform. For additional information, please visit
amprius.com. Also, see the company’s LinkedIn and Twitter
pages.
About Berzelius (Nanjing) Co. LTD.
Berzelius (Nanjing) Co. Ltd., formerly Amprius (Nanjing) Co.
Ltd., was founded in 2017 and was a wholly owned subsidiary of
Amprius Inc. until February 2022. Berzelius is a developer and
manufacturer of high capacity silicon anode materials. The company
introduced commercial silicon anode materials in 2020 and started
building a 20,000-ton manufacturing facility in 2022. The first
phase of the factory with 400-ton annual production capacity was
completed in November of 2022. This is one of the largest pure
silicon anode materials manufacturing facility in the industry.
Berzelius silicon anode materials have been validated in high
performance lithium-ion batteries in electric mobility, consumer
electronics and other industrial applications.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) is a global leader in intelligent
multi-domain robotic systems, uncrewed aircraft and ground systems,
sensors, software analytics, and connectivity. Headquartered in
Arlington, Virginia, AeroVironment delivers actionable intelligence
so our customers can proceed with certainty. For more information,
visit www.avinc.com.
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 battery market, the
timing and ability of Amprius to meet customers’ demands and
requirements with the new battery platform, the purchase forecasts
for SiCoreTM batteries, the availability of SiCore batteries, the
ability of Amprius to build a large-scale manufacturing facility
and increase its manufacturing capacity, and the batteries to be
produced at Amprius’ large-scale manufacturing facility. 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 market demands for
SiCore batteries; the ability of Amprius to deliver high
performance products to customers at acceptable prices and meet
their demands via the toll manufacturing arrangements; Amprius’
ability to reduce costs as it scales production; delays in
permitting, construction and operation of production facilities;
the ability of Amprius to establish manufacturing lines suitable
for SiCore batteries at its Colorado facility; the ability of
Amprius to meet costs targets when manufacturing SiCore batteries
at its Colorado facility; third-party producers of Amprius
batteries continuing to produce such batteries in the expected
quantities and caliber and at the expected prices; Amprius’
customers continuing to purchase batteries directly from Amprius;
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 SiCore or SiMaxxTM
batteries; 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 $38B 2025 UAS battery market estimated as total UAS market in
2025 ($64B, InsiderIntelligence) * Amprius estimate of battery
spend per system and replacement estimates. 2 $11B 2025 UAM battery
market estimated as total UAM Market in 2025 ($37.B, Morgan Stanley
Research) * Amprius estimate of battery spend per system and
replacement estimates. 3 $67B 2025 electric vehicle battery market
size from Markets and Markets Research February 2021 report.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240116478943/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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