Enovix Appoints Patrick Donnelly as Vice President, Strategic Business Development, Focused on… | News

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FREMONT, Calif., March 03, 2022 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in designing and manufacturing next-generation 3D Silicon™ lithium-ion batteries, today announced Today the appointment of Patrick Donnelly as Vice President, Strategic Business Development, focused on electric vehicles (EV). In his role, Donnelly will lead commercialization and partnership efforts for Enovix in the dynamic electric vehicle market.

Donnelly joins Enovix with extensive experience leading sales teams at tier-one automotive and lithium-ion battery suppliers. He joins Enovix from Samsung SDI, where he led a sales team that secured multiple multi-billion dollar deals with customers including Stellantis, Ford and Rivian as Vice President of Americas Sales and Marketing. North.

“We are delighted to welcome Patrick on board to lead the growth strategy and commercial execution of our rapidly developing electric vehicle program,” said Cam Dales, Managing Director and Chief Commercial Officer of Enovix. “Patrick has first-hand knowledge and proven experience working with pure electric vehicle companies and established automotive giants and intimately understands their battery needs and challenges. He is a great addition to our team. .

Donnelly brings nearly three decades of automotive industry experience. Prior to joining Samsung SDI in 2016, he led high voltage electronics sales and strategic planning at Lear Corporation. He began his career in product engineering at Chrysler Corporation and also held sales, operations, engineering and strategic planning roles at TRW Automotive for over a decade. He received his Master of Science in Mechanical Engineering from Oakland University in Auburn Hills, Michigan, and his Bachelor of Science in Mechanical Engineering from Michigan State University in East Lansing, Michigan. Donnelly will be based in Michigan.

“I am honored to join the Enovix team,” said Donnelly. “I believe that designing a completely new battery architecture is exactly what is needed to disrupt the industry and support the future electrification of automobiles and other industries. I was drawn to Enovix not only because of their innovation in materials and battery design, but also because of scaling up their first factory in the US, which in my opinion , is of crucial importance for national competitiveness in the renewable energy market. I am convinced that Enovix is ​​poised to become a major force in the advanced Li-ion battery industry and am delighted to join the company at this early stage.

About Enovix

Enovix is ​​the leader in the development and production of advanced silicon anode lithium-ion batteries. The company’s proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix is ​​building an advanced silicon anode lithium-ion battery production facility in the United States for volume production. The company’s initial goal is to provide designers of leading-in-class mobile devices with a high-energy battery so they can create more innovative and efficient wearable products. Enovix is ​​also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to enable widespread use of renewable energy. For more information, visit www.enovix.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”, “intend”. , “should”, “plan”, “expect”, “predict”, “could”, “potentially”, “target”, “project”, “believe”, “continue” or the negative form of these terms or similar expressions. press release include, but are not limited to, statements regarding the design and performance of our lithium-ion battery solutions. Actual results could differ materially from these forward-looking statements due to certain risks and uncertainties, including, without limitation, those risks noted under “Risk Factors” on Form 10-Q filed with us. the Securities and Exchange Commission (the “SEC”) on November 15, 2021, and additional information that will be presented in our Annual Report on Form 10-K for the year ended January 2, 2022 and other documents we have filed , or that we will deposit, with the SECONDE. Any forward-looking statements we make in this press release speak only as of the date they are made and subsequent events may cause these expectations to change. We disclaim any obligation to update or change these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

For investor and media inquiries, please contact:

Enovix Corporation Charles Anderson Phone: +1 (612) 229-9729 Email: canderson@enovix.com

Where

The Blueshirt Group Gary Dvorchak, CFA Phone: (323) 240-5796 Email: gary@blueshirtgroup.com

For media inquiries, please contact:

Enovix Corporation Kristin Atkins Phone: +1 (650) 815-6934 Email: katkins@enovix.com

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