Enovix Signs MOU with Leading Consumer Electronics Battery Pack Manufacturer

June 26, 2024

https://www.globenewswire.com/news-release/2024/06/26/2904411/0/en/Enovix-Signs-MOU-with-Leading-Consumer-Electronics-Battery-Pack-Manufacturer.html

FREMONT, Calif., June 26, 2024 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq:ENVX), a global high-performance battery company, today announced it has signed a Memorandum of Understanding (“MOU”) with Elentec Co., Ltd (“Elentec”) (Kosdaq: 054210: KQ), a leading consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung. The agreement provides a framework for a long-term business relationship between the two companies and enables Enovix to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide.

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