Ensurge Micropower ASA - Q3 2026 results and business update
Oslo, 11 November 2026 - Ensurge Micropower ASA (OSE: ENSU) today publishes its interim report for the third quarter of 2026 and will host a webcast at 08:00 CET today. Since the second-quarter report, Ensurge has moved from customer evaluation to its first paid development program, signed in October.
CEO comment "Since our last report, a customer has moved from evaluating our technology to paying for its development. In October, we signed our first paid, multi-phase development agreement with a top-tier wearables company. During the third quarter, we also prioritized our technology roadmap on the Corning Ribbon Ceramic platform, which is where customer energy-density requirements are pointing. In October, we began the move to Baytech Drive, which will become our showcase facility for next generation technology development. Going forward, we will continue our development against the integration of the Corning Ceramic materials, bring Baytech online, and deliver against our first major customer milestone."
Highlights Q3 and to date - First paid customer program under way. The paid, multi-phase development agreement with a top-tier wearables company was signed in October and kicks off in November. Payments are tied to development milestones and will serve to partially offset development costs. The commercial priority is to convert further pipeline interest into paid, multi-year development programs. - Focused on one technology platform. Encore development is now prioritizing the Hummingbird program under the Corning Joint Development Agreement, using Corning's Ribbon Ceramic cathode. Ensurge believes the novel integration has the potential for meaningfully product performance characteristics. - New site targeted for Q1 2027. The move to the approximately 32,000 sq ft Baytech Drive facility has been under way since October. Baytech is intended to be operational for early test and R&D in Q1 2027. The new site is expected to deliver approximately USD 3.5 million in annual savings, with full effect through 2027. - Concurrent with the Q3 interim report, on 11 November, 2026, Ensurge announced a contemplated private placement of up to NOK 100 million at NOK 0.5578 per share, of which NOK 65 million is covered by binding underwriting commitments from existing shareholders.
Outlook and priorities Ensurge is advancing solid-state microbattery technology for compact devices where battery size and performance constrain product design. Ensurge's path to commercial adoption runs through five stages: technology validation, application development, qualification and compliance, scalable manufacturing, and customer adoption. Ensurge is developing the platform for the next generation of devices by combining a high-growth market, scalable manufacturing and commercial validation. - Based on third-party market data, Ensurge estimates the addressable market for microbatteries in the 1-100 mAh range at approximately USD 19 billion by 2032-2034. - Scalable semiconductor process targets step-change performance at attractive margins. - Validated traction in technology, through the Corning JDA partnership, and in commercialization, through the recently announced Tier-1 development agreement. - Execution roadmap driven by the combined efforts and alignment between the technology supply and commercial pull.
Webcast CEO Shauna McIntyre and CFO Bryce Dille will present the results and the updated company presentation in English at 08:00 CET today. The webcast is available at https://teams.microsoft.com/meet/3116713320716933?p=QY0DdyqdOsWl96mAiW. The interim report and presentation are available at www.ensurge.com and www.newsweb.no. For further questions, please contact: ir@ensurge.com
About Ensurge Micropower ASA Ensurge Micropower develops thin-film, solid-state lithium microbatteries that enable next-generation electronic devices. The Company's proprietary platform is designed to deliver safe, high-performance energy storage in space-constrained applications across medical devices, hearables, wearables, industrial systems and defense. Ensurge Micropower ASA is listed on the Oslo Stock Exchange under the ticker ENSU.