# 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.

- Type: Contract
- Announced: 2021-08-10
- Where: United States
- Value: $20.0M
- Status: announced
- Products: 3D Silicon Lithium-ion batteries for wearable devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Enovix Corporation](https://endata.com/companies/46229.md) (supplier)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/08/10/2278313/0/en/enovix-continues-momentum-achieves-key-manufacturing-facility-milestone-and-books-order-in-the-wearable-device-space.html), 2021-08-10: "We are thrilled to convert this design win into a comprehensive agreement that validates our business model and guarantees access to our breakthrough batteries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.