Ensurge Micropower ASA
OSE:ENSU
Ensurge Micropower ASA
Ensurge Micropower ASA is a NO-based company operating in Technology Hardware, Storage & Peripherals industry. The company is headquartered in Oslo, Oslo. The company went IPO on 2008-01-30. Ensurge Micropower ASA, formerly Thin Film Electronics ASA, is a Norway-based electronics manufacturing company. The firm's technology enables the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications.
Ensurge Micropower ASA is a NO-based company operating in Technology Hardware, Storage & Peripherals industry. The company is headquartered in Oslo, Oslo. The company went IPO on 2008-01-30. Ensurge Micropower ASA, formerly Thin Film Electronics ASA, is a Norway-based electronics manufacturing company. The firm's technology enables the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications.
Commercial Readiness: Ensurge is transitioning from R&D to commercializing its solid-state microbattery technology after six years of development and $400 million invested.
Major Product Progress: The company has achieved a milestone with its 11-layer battery, which charges 5x faster than existing batteries and has now demonstrated successful stacking and cycling.
Production Ramp-Up: Ensurge is moving to a higher-volume, automated manufacturing line, aiming to expand from 11-layer batteries to 28-layer and 43-layer variants.
Customer Pipeline: There are over 120 companies in the commercial sales pipeline, with medical technology (MedTech) as the largest segment. Currently, 13 customers have evaluation agreements.
First Large Order: Ensurge expects to deliver its first 150,000 batteries to a lead customer in the second half of 2024, pending successful validation and product qualification.
Business Model: The company will produce limited volumes in-house for premium customers and license its technology to partners for large-scale production.
Financial Position: The balance sheet is strong enough to avoid reliance on traditional loans, and management is looking at funding through partnership agreements.
