Enovix Ships first EX-2M Samples to Mobile Phone Customers
Dec 20, 2024
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FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assure Enovix’s energy density lead in the smartphone industry.

As a result of recent manufacturing progress, the Company also announced that it had received its first mobile phone customer purchase order this week. The order for custom samples from a customer with an NDA was predicated on a major joint-development agreement milestone achievement. The product is expected to ramp into mass production in late 2025.

Enovix CEO Raj Talluri commented, “I am very pleased with our recent progress on EX-2M technology that keeps us on schedule for achieving significant revenue growth in 2026, and also with our progress on ramping shipments of EX-1M in 2025. We are also on track to complete Site Acceptance Testing (SAT) on the High-Volume Manufacturing Line (HVM) at Fab2 plant in Malaysia this month. In the Q1 2025 report we will provide more detail on our next steps: securing additional EX-1M customer orders, growing our best-in-class graphite battery business with customers who need supply chain diversification, continuously improving HVM yields, and shipping smartphone battery cells in high volume.”

Enovix Executive Chairman, T.J. Rodgers commented, “Since 2012, I’ve been doing whatever job Enovix needed – from funding to chemistry to strategic planning – and now we have a real order from a real customer to be shipped from our new factory.”

Inari Amertron Bhd (KL:INARI) reported a 71.6% drop in net profit for the July-September period, dragged by a foreign exchange (forex) loss of RM53.3 million, following a steep drop in the US dollar against the ringgit.  
Inari expects to report a significant forex recovery in the coming quarter’s results following the rebound in the US dollar against the ringgit.
Notion should expect the same... looks like huge next quarte profit!!!

Enovix’s Gen2 autoline will have a production capacity of 1,350 units per hour and will be able to produce up to 10 million units of batteries a year.

Under the latest amendment, Enovix is now fully responsible for the initial investment of US$100 million (RM440 million).

This is as opposed to the earlier agreement dated July 27, 2023, which stipulated that Enovix will invest US$30 million and YBS has the obligation to finance US$70 million.

The amendments also include the markup payment terms and fees to be paid by Enovix to YBS for the services provided.

Based on the new terms, YBS is also fully responsible for obtaining and maintaining working capital requirements to sustain compliance with the terms, including, without limitation, fulfilling Enovix’s purchase requirements for materials.

There is also a modified markup fee percentage to account for manufacturing services performed by YBS for Enovix for the existing and future lines.

The markup fee is based on direct and indirect materials, direct labour, utilities and repair and maintenance.

Both parties also agree that the shortfall of the markup fee, if any, shall be payable by Enovix to YBS, based on the monthly invoice.

YBS greatest deal of all!

https://theedgemalaysia.com/node/732308

US-listed Enovix to now fully fork out US$100 mil investment in battery manufacturing deal with YBS

Here we go ..... 🚀🚀🚀

$ENVX begins shipment of EX-1M battery cells to customers from Malaysia fab 🔋

Enovix is on track to commence high-volume production in 2025.

COO of Enovix, Ajay Marathe:
"I'm incredibly proud of our team in Malaysia for achieving this major production milestone so soon after the facility's opening”

“This success with the Agility line is an encouraging early indicator as we prepare for the high-volume line, which is on track for Site Acceptance Testing (SAT) completion.”

Enovix completed internal UN38.3 certification for cells now shipping, which is the UN standard for safe transportation of Lithium-ion batteries, only granted to products that meet strict international safety and abuse tolerance standards through a series certified test protocol.

https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/

MD also quoted that revenue from enovix batteries will be significantly higher in the 2H 2024....

According to MD during various interviews, units of enovix batteries produced by ybs will be billed even if its for customers testing purposes... ybs have been producing these batteries since q2 with the agility line....

Today AGM @11am.... anyone attending?

Advice from Enovix CEO.... Patience....

Notion was down 29% just now.... nearly limit down.....

ESOS to the directors was at Rm0.70.....

Nothing particularly got to do with YBS...... Drag down.....

KLSE:
813 counters down 146 counters up.....

Sell down is the particularly MSM, Genetec and Notion..... Whole KLSE drag down....

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2024-08-22-story-h-153387681-YBS_invest_100MILLION_in_batteries

These looks like planned resignation.... before this, they have ESOS to the directors.... Then10% share placement.... just right before the quarter result release and also AGM on 29 Aug..... All PLANNED....

Something is definitely brewing....
1. Share price PRESSED DOWN
2. Batteries are produced by the agility line since Q2 and shipped to customers for testing....
3. MD reiterated in his interview that Q3 and Q4 revenue from batteries will be substantially higher than 1H2024.....

Pls read their Grand Opening reviews by analyst... you can find alot of them in X (twitter).....

Batteries are being manufactured as we are talking..... Yong already stated that 2H2024 revenues will be much higher than 1H2024....

Share placement is 0.84..... Now the share price is at a discount........

💪💪👍👍

And the MD is super confident....

Yes.... I think so....

Imagine 8 lines will bring YBS revenue of rm2 billion per year from Enovix batteries.... They have 10 acres in Science Park for the manufacturing facilities.... Thats are multiples of 8 lines that can be build from 10 acres.... Imagine how big YBS can grow.... Thats why YBS MD likens YBS to Inari ( 14 billion market cap ).... Imagine the share price of YBS.... But it doesnt happen overnite.... PATIENCE!!!

YBS is not for pumping and dumping... It goes up slowly... like step ladder... becos the nature of it is YBS is building manufacturing lines for Enovix ... every milestone will be a step up.... Contra play will not make money from YBS... Thats why you dun see Telegram gps cheering on YBS.... JUST LIKE GENETEC when genetec move from rm1 to highest rm51....

Jackie Yong, CEO of YBS is upgrading the company considerably. He wants to go from an SME (Small and Midsize Enterprise) to an LLC (Large Local Co). From an OEM (Original Equipment Manufacturer = producing for another brand) structure to their own pure YBS brand. (I like this a lot, how they actually are upgrading Malaysia too with this.)

🔸They want to end up creating their own EMS (Energy Mgt System), with their own IP. He speaks of an “all integrated solution”, “the Malaysia EMS” and he wants to hire local R&D to add own IP to it.

🔸YBS' ladder of growth:
1. Precision components
2. Assembly
3. Energy assembly
4. Energy storage
If their EMS story doesn't work out, they will take a step back from the ladder, back to battery components (already 16 years of experience with that)

🔸Customers? Is sensitive, but he can list the sectors they are working for:
In order of profitability:
1. Telecom
2. Automotive
3. Aerospace 🧐
4. Home appliances

🔸The Bumblebee neighbors, a cardboard box factory, is also owned by YBS

🔸Dato Dr. Mohd Sofi Bin Osman, the Non Executive Chairman of YBS is ex-AMD, ex-Intel and ex-Lumileds. There is a lot of trust and a super good relationship between YBS and Enovix.

Watch this YBS MD Yong intervieew..... 🖕

youtu.be/vhFqi_f0kjE?si…

With 263 million shares, price might shoot up like Genetec last time..... Genetec highest price when it broke their goodnews was RM51......

Up to us to keep or to sell.......

Customers are lining up..... Already secured META/APPLE and just recently signed with Ellentec Korea which supplies to Samsung, Apple, etc.......

From the MD's mouth, its another Vitrox or Inari..... becos base on calculations, YBS can have 8 lines which can produce 80 million batteries.... That's around a revenue of RM2+ billion

FAB 2 grand opening 8/8
On going sending out samples to customers
Agility line on going SAT
HVM line achieved FAT

From their recent report, they can fit 8 lines into their science park facility.... 1st line to produce 9 to 10 million batteries per yr.... There rest of the lines Enovix is looking at 10 to 12 million per yr..... 8 lines will produce averagely 80 million batteries per yr.... Enovix is selling their batteries US12 to US15 with gross profit of 50%..... so YBS sholud be selling to Enovix abt US7 per battery.....
Yearly revenue will be around 7x80 million= US560million
Equivalent to 560x4.7= MYR2.632 Billion
Thats why YBS MD equates YBS to Inari or Vitrox

Hahaha..... welcome to Malaysia, where anything can happen.... Enovix shot up 35% and YBS only move up 1.3%.....

YBS finally???

In June, Enovix began production of EX-1M battery samples from Fab2 in Malaysia.

Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset

Jun 25, 2024

Pls dun frighten people.... we know what we bought in... we know the strengh of YBS and Enovix....

Loss mainly due to share options expenses 👆

The Group recorded a loss before tax
of RM5.496 million for the current quarter as compared to RM1.195 million in preceding quarter, an increase in loss before tax
of RM4.301 million mainly due to share options expenses amounting RM4.892 million incurred in current quarter.

👍👍👍

https://research.rhbtradesmart.com/sites/default/files/attachments/2024-05/my_top_20_malaysia_small_cap_jewels_scb2024_rhb.pdf

Enovix Begins Customer Sampling of EX-1M Batteries
May 13, 2024
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FREMONT, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced that it has begun customer sampling of its breakthrough EX-1M battery.

Initial EX-1M samples were built and tested at the company’s facility in Fremont for IoT and smartphone customers. Enovix plans to build a larger number of EX-1M samples from its Agility Line at Fab2 in Malaysia later in the second quarter of 2024.

“We set out on an ambitious plan last year to build a battery that would meet the demanding requirements of leading smartphone customers,” said Dr. Raj Talluri, President and CEO of Enovix. “With EX-1M now sampling, we are ushering in a new era of lithium-ion battery technology by utilizing a 100% active silicon anode to boost energy density and allow customers to keep up with a growing array of energy needs with the onset of AI.”

Given strong customer interest and the readiness of Fab2, Enovix has begun taking decisive actions to consolidate manufacturing of all silicon batteries to Malaysia by July.

Thats probably why MD Yong of YBS mentioned about YBS being another Inari in the near future......

Totally agreed.... If I am not wrong, YBS can accommodate 8 lines in their existing Science Park..... And looking at our Gov's initiative at attracting foreign investment and pumping up our economy ( they gave Enovix 15 years tax free ) there is a very high chance that they might even want YBS to manufacture all lines for Envix..... Analyst are talking about 20 lines .....