STOCK EXCHANGE ANNOUNCEMENT
Ensurge Micropower ASA enters into multi-year development agreement with leading
wearables company
Oslo, Norway; San Jose, California - 22 October 2026
Ensurge Micropower ASA (Oslo Børs: ENSU) today announced that it has entered
into a multi-year, multi-phase, paid development agreement with a leading global
technology company (the "Customer") for the design, development, and delivery of
a customized solid-state microbattery, with the intention of progressing to
high-volume manufacturing upon successful completion of the development program.
The agreement establishes a structured, phased development program that begins
with proof-of-concept and advances through engineering validation, design
validation, and process validation, ahead of qualification for mass production.
Each phase is defined by milestone-based deliverables and funded by the Customer
upon satisfactory achievement of the milestones. The parties intend to negotiate
a supply agreement during the course of the final phase, contingent on
successful completion of the development milestones.
The Customer is a global technology leader with a strong track record of
bringing innovative, high-volume consumer products to market. Ensurge's unique
solid-state microbattery is being developed to meet the application's demanding
requirements for ultra-compact form factor, high energy density, safety, and
long-term reliability, enabling the Customer's next-generation devices.
"This agreement marks an important milestone for Ensurge. It reflects strong
validation of our solid-state microbattery platform by a leading global
technology company and establishes a structured path toward commercial-scale
manufacturing. We are proud to partner with the Customer's team and look forward
to progressing through the development phases toward high-volume manufacturing",
says Shauna McIntyre, CEO, Ensurge Micropower.
This agreement marks Ensurge's second active development agreement, alongside
its existing and previously announced Joint Development Agreement with Corning
Incorporated and reflects the growing commercial momentum of the Company's
solid-state microbattery platform.
For more information, please contact: ir@ensurge.com
About Ensurge Micropower ASA
Ensurge Micropower ASA is developing solid-state microbatteries designed for
next-generation wearable, medical, and connected devices. Leveraging proprietary
thin-film deposition processes, Ensurge's technology enables high energy
density, small form factor, and long-cycle life batteries suited for space- and
power-constrained applications. The Company is headquartered in Oslo, Norway,
with operations in San Jose, California, and is listed on Euronext Oslo Børs
under the ticker ENSU.
For more information, visit www.ensurge.com.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Oslo Børs on behalf of
CEO Shauna McIntyre on 22 October at the time and date stated above in this
announcement.
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CEO Shauna McIntyre on 22 October at the time and date stated above in this\
announcement.\