Ensurge Micropower Enhances Share Capital with New Issuance

Ensurge Micropower's Share Capital Increase Announcement

Ensurge Micropower ASA has recently made an exciting announcement regarding the exercise of vested incentive subscription rights under its 2022 and 2023 Subscription Rights Plans. A total of 367,000 new shares have been issued as a result of these exercises, bolstering the company's overall capital.

Details of the Share Capital Registration

The share capital increase is now officially registered with the Register of Business Enterprises. Following this recent adjustment, Ensurge Micropower's share capital stands at NOK 397,790,160.50, which is divided into 795,580,321 shares, each possessing a par value of NOK 0.50. This strategic move represents a solid step towards expanding the company’s operational capabilities.

Innovative Technology Behind Ensurge Micropower

At the forefront of innovation, Ensurge Micropower specializes in developing ultrathin, flexible, and reliable solid-state lithium microbatteries. These high-performance microbatteries are designed for form-factor-constrained applications, making them perfect for modern needs, including wearables such as hearables and health monitoring devices.

Meeting Modern Demands with Advanced Microbattery Technology

With a dedicated team of forty specialists based in Silicon Valley, Ensurge is committed to revolutionizing energy storage solutions. Their microbattery technology is specifically tailored for the constraints of today's devices, providing efficient energy harvesting solutions vital for Internet of Things (IoT) applications.

Efficient Manufacturing to Support Growth

Ensurge boasts a cutting-edge manufacturing facility that merges patented process technologies with innovative material solutions. Their roll-to-roll production methods allow for increased efficiency and scalability in bringing their technology to market.

Plans for Future Scaling and Production

Currently optimized for prototyping and small-batch manufacturing, Ensurge is strategically planning to scale its production operations. The intention is to collaborate with specialized partners who possess robust industrial manufacturing expertise, to enhance the effective distribution of their intellectual property.

Financial Backing and Market Position

Ensurge Micropower is proudly listed on the Norwegian Stock Exchange, where it is supported by reputable financial investors. This solid foundation not only reflects the company’s strategic investment outlook but also underscores a substantial transatlantic collaboration that is essential for business growth.

Contact Information for Inquiries

For those interested in learning more about the company or its innovative technologies, they can reach out to Lars Eikeland, the Chief Executive Officer, via email at lars.eikeland@ensurge.com.

Frequently Asked Questions

What led to the recent share capital increase by Ensurge Micropower?

The increase was due to the exercise of vested incentive subscription rights under the company’s Subscription Rights Plans, totaling 367,000 new shares issued.

How much is Ensurge Micropower's current share capital?

The current share capital is NOK 397,790,160.50, divided across 795,580,321 shares.

What markets does Ensurge Micropower target with its technology?

Ensurge targets markets involving wearables, health devices, and IoT applications, focusing on improving energy storage capacity.

Where is Ensurge Micropower's manufacturing facility located?

Ensurge operates a state-of-the-art manufacturing facility in Silicon Valley, California, optimizing technological innovation.

What distinguishes Ensurge's microbatteries from traditional batteries?

Ensurge's microbatteries are ultrathin and flexible, designed specifically for modern applications, offering higher safety and reliability than traditional battery technologies.

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