Amprius Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

Amprius’ Next-Generation Battery Cells Recognized in the “Energy” Category, Joining the Many Other Established Companies such as Nvidia, YouTube, and More

Amprius Technologies, Inc. (“Amprius” or the “Company”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024 in the Energy category.

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Amprius Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024 (Graphic: Business Wire)

This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy.

Amprius Technologies is producing the highest known energy density cells that are commercially available today, with industry-transforming applications spanning all segments of electric mobility. The Company’s commercially available SiMaxx™ batteries deliver up to 450 Wh/kg and 1,150 Wh/L today, with a 500Wh/kg and 1,300 Wh/L platform that has received third-party validation and is expected to ship this year. Amprius’ corporate headquarters are in Fremont, California, where it maintains an R&D lab and a MWh scale manufacturing facility for the fabrication of silicon anodes and cells. Amprius has commercially produced cells since 2018 and is engaged with over 100 customers.

“We are honored to have received this recognition from Fast Company, which emphasizes Amprius’ dedication to commercializing innovative batteries that push the boundaries of what is possible within our industry,” said Dr. Kang Sun, CEO of Amprius Technologies. “Our next-generation cells are driving substantial advancements in the electric mobility sector, catalyzing transformations that extend to entire electric aviation industry, even enabling entire sectors such as eVTOLs and HAPS. With our ongoing expansion of manufacturing capacities and commitment to meeting customer requirements, we are poised to extend the reach of our technological breakthroughs across the electric mobility market. We look forward to the path ahead for our technologies and our industry.”

The World's Most Innovative Companies stands as Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year. Amprius was ranked seventh in the Energy category this year.

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company Editor-in-Chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”

Fast Company's editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions. Fast Company’s Most Innovative Companies are featured in the issue of Fast Company magazine, online and on newsstands beginning March 26, 2024.

About Amprius Technologies, Inc.

Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry’s highest known energy density cells. The company’s commercially available SiMaxx^TM batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third party validation of 500Wh/kg and 1,300 Wh/L. The company’s corporate headquarters is in Fremont, California where it maintains an R&D lab and a MWh scale manufacturing facility for the fabrication of silicon anodes and cells. To serve customer demand, Amprius entered into a lease agreement for an approximately 774,000 square foot facility in Brighton, Colorado and expanded its product portfolio to include the SiCore^TM platform. For additional information, please visit amprius.com. Also, see the company’s LinkedIn and Twitter pages.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future product commercialization, the performance and potential application of Amprius’ batteries, the addressable market of Amprius’ batteries, and the ability of Amprius to increase its manufacturing capacity and meet customers’ requirements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius’ management and are not predictions of actual performance. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties. These forward-looking statements are subject to a number of risks and uncertainties, including delays in permitting, construction and operation of production facilities; Amprius’ liquidity position; risks related to the rollout of Amprius’ business and the timing of expected business milestones; Amprius’ ability to commercially produce high performing batteries; the effects of competition on Amprius’ business; supply shortages in the materials necessary for the production of Amprius’ batteries; and changes in domestic and foreign business, market, financial, political and legal conditions. For more information on these risks and uncertainties that may impact the operations and projections discussed herein can be found in the documents we filed from time to time with the Securities and Exchange Commission (the “SEC”), all of which are available on the SEC’s website at www.sec.gov. There may be additional risks that Amprius does not presently know or that Amprius currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius’ expectations, plans or forecasts of future events and views as of the date of this press release. These forward-looking statements should not be relied upon as representing Amprius’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Except as required by law, Amprius specifically disclaims any obligation to update any forward-looking statements.

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