BAE to leverage Amprius’ lightweight EV batteries for flight applications

  • lithium ion battery supplier Amprius Technologies, Inc. (NYSE: AMPX) has entered into a three-year cooperation agreement with BAE Systems API (OTC: BAESF) (OTC: BAESY).

  • Amprius will initially work with the Air business of BAE Systems, supplying its lightweight, high-energy batteries specifically developed for electric-powered flight applications.

  • Both parties have agreed to explore the business opportunities made possible by the use and supply of Amprius’ silicon nanowire anode batteries for electrical products developed by BAE Systems in the UK.

  • Amprius CEO Dr. Kang Sun said, “BAE Systems is at the technological forefront of the defense industry, and this agreement validates the potential of our silicon nanowire anode technology for airborne applications. rigorous. We look forward to working with the team at BAE Systems to advance the development of their electrical products.

  • “Amprius’ innovative silicon nanowire anode battery cells have the potential to deliver exceptional performance, and so we are keen to work with them to explore opportunities for the electrical products we are developing for military applications,” said Dave Holmes, Advanced Projects, Technology, and Manufacturing Director at BAE Systems’ Air.

  • In October, Amprius won a $50 million cost-sharing grant from the US Department of Energy’s Office of Manufacturing and Energy Supply Chains.

  • Funding from President Biden’s bipartisan Infrastructure Act will help him expand domestic EV battery manufacturing and the power grid.

  • Price action: AMPX shares traded down 3.95% to $11.19 when last checked on Tuesday.

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