Enovix Corporation has signed an agreement to supply high-performance silicon batteries for a mixed reality headset with a leading California-based technology company. This deal has resulted in a significant boost in Enovix's share price, which climbed by approximately 33% today. The agreement includes payments upon delivery of sample and production volumes, as well as a one-time payment to set up tooling. This partnership is seen as a strong validation of Enovix's technology and its ability to scale. The company's shares reached a 15-month high following the announcement, with shares increasing by 14%, 20.3%, 22%, and 26% at various points in the day.
Enovix $ENVX surges on deal to deliver high-performance batteries for mixed reality headset https://t.co/QcDrGdbhQo https://t.co/gYEhAV6HRj
$ENVX - Mixed Reality Customer Agreement Represents a Strong Validation of Enovix Technology & Ability to Scale @ JPMC (more) ANALYSTS COMMENTS: β The agreement includes payments upon delivery of sample and production volumes, as well as a one-time payment to set up tooling toβ¦
ENVX up 33% today Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset
EXVX up 33% today Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset
$ENVX +26%, ticking at 9 month highs after this morning's PR: "Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset with a leading California-based technology company" - traders are falling over themselves to guess what CA tech company it is....β¦
$ENVX +22%, ticking at 15 month highs after this morning's PR: "Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset with a leading California-based technology company" - traders are falling over themselves to guess what CA tech company itβ¦
$ENVX | Enovix Signs Agreement for High-Performance Batteries for Mixed Reality Headset Enovix announced a deal with a California-based tech firm to supply silicon batteries for a mixed reality headset, boosting shares by ~14%. The agreement includes an immediate one-timeβ¦
$ENVX (+20.3% pre) Enovix to deliver high-performance batteries for mixed reality headset, shares climb - SA https://t.co/K6z5FoPpkG
Once qualified in this application (this agreement kicks off that evaluation process w/an OEM) means the $ENVX product is certainly capable of qualification in a smartphone, smart watch, & tablet (basically where all the volume is)β¦ very good sign for @EnovixBatteries https://t.co/YDQp3swnpH