Ensurge Micropower ASA – Annual Report and Financial Statements 2024

The Board of Directors of Ensurge Micropower ASA (“Ensurge”) approved the annual report and the annual financial statements for 2024 on 11 April 2025. The financial statements are consistent with the preliminary report disclosed on 19 February 2025. The auditor’s report contains an emphasis of matter paragraph regarding going concern. The Board does not propose a dividend. The annual report and financial statements for 2024 are enclosed to this announcement and are also available at the Company’s website www.ensurge.com (http://www.ensurge.com/). 

Outlook Summary

• After successful completion of testing of the 11-layer battery, Ensurge is accelerating development of higher-capacity variants.

• All major technical hurdles now resolved – next phase will focus on scaling up designs and manufacturing capacity.

• Sample batteries will undergo thorough evaluation by our partners and customers.

• Commercial pipeline extends to more than 100 prospects across our targeted market segments and with a good geographical mix

• Initial shipments are expected in 2025, once product qualification and certification are complete.

About Ensurge Micropower 
Ensurge is Energizing Innovation(TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company’s state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

Contact Investor Relations 
E-mail: [email protected]

Lars Eikeland, CEO at Ensurge E-mail: 
[email protected]

Attachments

• Ensurge_annual_2024_FINAL
• 5493007QXMCG0WPKFC96-2024-12-31-en