Up until today ENVX has been essentially a pre-revenue company. Fab 1 was created to provide prototype batteries to consumer wearable companies. This has resulted in design wins. Most recently they have been chosen by the DOD Army to power soldier's needs. This is an actual order. Today they announced general availabilty of their battery. This means they are ready to sell. Fab 2 is being built in Malaysia and includes over 100 improvements based on learnings from Fab1. A Fab 2 line will be capable of up to 13xs the throughput of Fab 1.
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