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Amprius Ships A-Sample EV Cells to United States Advanced Battery Consortium

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Amprius Ships A-Sample EV Cells to United States Advanced Battery Consortium
News

News

Amprius Ships A-Sample EV Cells to United States Advanced Battery Consortium

2024-11-04 21:33 Last Updated At:21:50

FREMONT, Calif.--(BUSINESS WIRE)--Nov 4, 2024--

Amprius Technologies, Inc.(“Amprius”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced it has shipped SiMaxx™ A-Sample EV Cells to the United States Advanced Battery Consortium LLC (USABC), whose mission is to develop advanced battery cell and system technologies to meet next-generation performance and cost goals for electric vehicles. These cells are designed to address some of the most challenging issues experienced by EV users, such as range anxiety and the need for shorter charging times.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104733890/en/

Amprius’ own internal testing of the A-Sample EV cell has shown exceptional performance, achieving a specific energy of 360 Wh/kg at the beginning of life—surpassing the USABC program target of 275 Wh/kg at end of life—while delivering a power density of 1200 W/kg. This breakthrough could result in a significant increase in range compared to most commercial EV batteries available today. Additionally, the A-Sample EV cells can charge to 90% of their rated energy in just 15 minutes, exceeding the USABC target of 80% within the same timeframe. Based on initial results, Amprius believes it is making significant strides towards achieving its goal of 1000 cycles.

“We look forward to USABC validation of the A-sample cell performance towards showcasing the unique advantages of Amprius cells in electric vehicles,” said Dr. Kang Sun, CEO of Amprius Technologies. “This is another important battery technology development milestone at Amprius after we successfully launched high-performance silicon anode battery business in aviation and light vehicle markets. We believe our batteries are well-positioned to support all electric mobility markets. With their superior energy and power performance, fast charging, wide operating temperature range, and safety features, Amprius is continuing to transform the EV sector and other electric mobility segments as we scale toward high-volume manufacturing.”

Amprius has held technical engagements with multiple automotive OEMs and has had a long-standing collaboration with USABC. Delivered on schedule in September, the A-Sample EV cells shipment is the final milestone in the $3M USABC technology development contract awarded to Amprius in May 2022 to create a low-cost, fast-charge silicon nanowire battery. Amprius believes this achievement paves the way for additional sampling and evaluation by automotive manufacturers.

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative technology company of Ford Motor Company, General Motors, and Stellantis. Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC's mission is to develop electrochemical energy storage technologies that advance commercialization of next generation electrified vehicle applications. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit http://www.uscar.org/usabc.

For more information, please visit the Amprius 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 SiMaxx™ batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third-party validation of 500Wh/kg and 1,300 Wh/L. Amprius expanded its product portfolio to include the SiCore™ platform in 2024, significantly enhancing its ability to serve additional customer applications. 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 several agreements to secure over 500MWh of contract manufacturing available today. 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 potential application and addressable market of Amprius’ batteries, the performance of Amprius’ batteries, the ability of Amprius to transform the EV sector and other electric mobility segments, the ability of Amprius to scale toward high-volume manufacturing, and the benefits of the achievement with the USABC. 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 atwww.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.

Amprius Ships A-Sample EV Cells to United States Advanced Battery Consortium (Graphic: Business Wire)

Amprius Ships A-Sample EV Cells to United States Advanced Battery Consortium (Graphic: Business Wire)

BRUSSELS (AP) — NATO Secretary-General Mark Rutte on Tuesday sidestepped questions about Ukraine’s possible membership in the military alliance, saying that the priority now must be to strengthen the country’s hand in any future peace talks with Russia by sending it more weapons.

Rutte’s remarks, ahead of a meeting of NATO foreign ministers, came days after Ukrainian President Volodymyr Zelenskyy said that extending alliance membership to territory now under Kyiv’s control could end “the hot stage" of the almost 3-year war in Ukraine, where Russian forces are pressing deeper into their western neighbor.

“The front is not moving eastwards. It is slowly moving westwards,” Rutte said. “So we have to make sure that Ukraine gets into a position of strength, and then it should be for the Ukrainian government to decide on the next steps, in terms of opening peace talks and how to conduct them.”

At their summit in Washington in July, leaders of the 32 NATO member countries insisted that Ukraine is on an “irreversible” path to membership. But some, led by the United States, have balked at moving forward while the war rages and before the country’s borders are clearly demarcated. All 32 countries must agree unanimously for Ukraine to join.

NATO was founded on the principle that an attack on any ally should be considered an attack on them all, and the alliance has consistently tried to avoid being dragged into a wider war with nuclear-armed Russia.

Zelenskyy argued that once open conflict ends, any proposal to join NATO could be extended to all parts of the country that fall under internationally recognized borders.

Pressed on this by reporters, Rutte said: “I would argue, let’s not have all these discussions step by step on what a peace process might look like.”

The first step, he said, must be to “make sure that Ukraine has what it needs to get to a position of strength when those peace talks start.”

Ukrainian officials made it clear Tuesday they won’t countenance any half measures or stopgap solutions on NATO membership.

The Ukrainian Foreign Ministry issued a strongly worded statement saying Ukraine “will not settle for any alternatives, surrogates or substitutes for Ukraine’s full membership in NATO,” citing its “bitter experience of the Budapest Memorandum.”

Under the international agreement signed in the Hungarian capital 30 years ago, Ukraine agreed to give up its Soviet-era atomic weapons, which amounted to the world’s third-largest nuclear arsenal, in return for security guarantees from Russia, the United States and the United Kingdom.

The Foreign Ministry statement called the Budapest agreement a “monument to short-sightedness in making strategic security decisions.”

“We are convinced that the only real guarantee of security for Ukraine, as well as a deterrent for further Russian aggression against Ukraine and other states, is Ukraine’s full membership in NATO,” it said.

At NATO headquarters in Brussels, Ukrainian Foreign Minister Andrii Sybiha showed reporters a copy of the Budapest document.

“This document, this paper, failed to secure Ukrainian security and transatlantic security. So we must avoid to repeat such mistakes,” he said in English.

Reflecting on his recent meeting with U.S. President-elect Donald Trump, Rutte said he had underlined that China, North Korea and Iran were weighing in on Russia's side, putting the United States and the Asia-Pacific region at risk.

“Whenever we get to a deal on Ukraine it has to be a good deal, because what we can never have is high-fiving Kim Jong Un and Xi Jinping and whoever else," Rutte said, saying this would only encourage the leaders of North Korea and China to endorse the use of force elsewhere.

British Prime Minister Keir Starmer said Ukraine’s allies must “do what it takes to support their self-defense for as long as it takes,” but acknowledged that the war will end in negotiations and potential compromise.

Starmer said in a speech late Monday that allies must “put Ukraine in the strongest possible position for negotiations so they can secure a just and lasting peace on their terms that guarantees their security, independence — and right to choose their own future.”

Novikov reported from Kyiv, Ukraine. Jill Lawless in London contributed.

Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

United States Secretary of State Antony Blinken, left, and NATO Secretary General Mark Rutte deliver a statement ahead of a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

United States Secretary of State Antony Blinken, left, and NATO Secretary General Mark Rutte deliver a statement ahead of a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte, right, shakes hands with United States Secretary of State Antony Blinken during a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte, right, shakes hands with United States Secretary of State Antony Blinken during a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte takes questions during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte takes questions during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

NATO Secretary General Mark Rutte speaks during a media conference prior to a meeting of NATO foreign ministers at NATO headquarters in Brussels,Tuesday, Dec. 3, 2024. (AP Photo/Virginia Mayo)

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