Enovix signs $20M agreement with wearable device technology leader

Enovix signed a Master Purchase Agreement and Cooperation Agreement with a California-based technology leader for the wearable device space, valued at up to $20 million with commercialization scheduled to begin in 2025. Enovix will receive $3.5 million in pre-payments over 12 months.

“We are thrilled to convert this design win into a comprehensive agreement that validates our business model and guarantees access to our breakthrough batteries.”globenewswire.com

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• globenewswire.comEnovix Continues Momentum, Achieves Key ManufacturingEnovix CorporationAug 10, 2021

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