Ensurge Micropower Secures Strategic Partnership with Corning for Solid-State Microbattery Advancement

Ensurge Micropower has unveiled a landmark collaboration framework with Corning Incorporated, one of the world’s foremost materials science innovators. The partnership targets the development and commercialization of next-generation solid-state microbatteries designed for consumer, medical, industrial, and defense applications.

The Strategic Alliance: What’s on the Table

The two companies have formalized their commitment through dual agreements. The Joint Development Agreement establishes a collaborative program combining Corning’s ribbon ceramic materials expertise and advanced manufacturing capabilities with Ensurge Micropower’s proven solid-state microbattery architecture. This merger of competencies aims to unlock ultra-high energy density battery solutions that can scale to commercial volumes.

From Corning’s perspective, the partnership leverages its manufacturing prowess and deep materials science knowledge. For Ensurge Micropower, the collaboration strengthens its commercialization pathway, reduces execution risk, and creates a more robust foundation for sustainable growth in the microbattery sector.

Investment Terms: Converting Resources Into Equity

The Investment Agreement details how Corning will participate financially in Ensurge Micropower’s expansion. Corning will contribute engineering resources and expertise, with associated costs convertible into company shares at a predetermined valuation.

Conversion Share Structure:

• Quarterly conversion of service costs into shares
• Conversion price: NOK 1.11 per share (based on the 10-day average closing price preceding agreement execution)
• Maximum convertible value: USD 5 million

Warrant Program:

• Corning receives warrants granting the option to invest up to an additional USD 10 million
• Exercise price set at NOK 1.50 per share
• Exercise window: two-year period following extraordinary general meeting approval
• Warrants granted at no cost and registered in VPS (but not listed for trading)

The warrants remain exercisable only if the Joint Development Agreement or a subsequent commercial agreement remains active between the parties.

Regulatory Path Forward

Both the warrant issuance and authorization to issue Conversion Shares require approval from an extraordinary general meeting, which Ensurge Micropower will convene in the coming weeks. Once approved, this structure positions Corning as both a development partner and potential significant shareholder.

Why This Matters for Ensurge Micropower

The infusion of Corning’s manufacturing expertise addresses a critical challenge in the microbattery space: scaling from laboratory innovation to commercial production. Solid-state microbatteries represent a frontier technology enabling AI-powered devices and form-factor-constrained applications where traditional lithium-ion batteries face space or performance limitations.

Ensurge Micropower, headquartered in San Jose with deep expertise in thin-film battery manufacturing, brings proven roll-to-roll production capabilities to the partnership. Combined with Corning’s materials science and process excellence, the collaboration creates a formidable commercialization pathway.

Looking Ahead

This agreement signals accelerating momentum in the solid-state battery sector, with major materials science players recognizing the strategic importance of microbattery technology. For Ensurge Micropower, the partnership reduces the technical and financial burden of reaching commercial scale while tapping into Corning’s established supply chain and manufacturing infrastructure.

The deal structure—blending service-to-equity conversion with warrant optionality—demonstrates confidence from both parties in the technology’s market potential while maintaining flexibility for Corning’s future capital deployment.