Ensurge Micropower (ENSU): Superior replacement in billion-unit market
Edison Investment Research Limited
London, UK, 14 March 2022
Ensurge Micropower (ENSU): Superior replacement in billion-unit market Ensurge is using its proven printed technology and roll-to-roll (R2R) production facility to make solid-state lithium microbatteries. It is targeting markets where the high energy density, flexible form factor, enhanced cycling and improved safety features offered by its innovative technology should be able to command a premium compared with conventional batteries. The company is currently preparing for an initial production ramp towards the end of FY22.
Ensurge is initially targeting the medical wearables and hearables markets, followed by the connected sensor and sport & fitness wearables markets. Our scenario analysis calculates that a 5-10% share of these markets represents annual revenues of $330-550m and EBITDA of $211-365m. Management has stated that when the R2R factory in San Jose is fully utilised it could potentially generate EBITDA of over $100m, depending on product mix.
All reports published by Edison are available to download free of charge from its website About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Anne Margaret Crow +44 (0)20 3077 5700 [email protected] Learn more at www.edisongroup.com and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. |
1300737 14-March-2022