Amprius Technologies, Inc. (NYSE:AMPX) Q3 2023 Earnings Call Transcript

Jeff Grant: Great. Thank you. And can you talk at all about the time line of commerciality of the 500-watt hour battery that you guys are working on? And what are kind of the early demand indications you see in terms of where that fits in the market relative to some of the existing offerings that you guys have already commercialized?

Kang Sun: We already have a customer demand, actually quite a strong demand. So we expect to restart to install our equipment and start the initial manufacturing in 2025. At that time, we can have a customer factory inspection. We can provide — we call pilot production prototypes to customers for evaluation.

Sandra Wallach: Yes, I think, Jeff, if your question was more around the 500 watt per kilogram of a 53 megawatts?

Jeff Grant: Sorry, it was more specific to the 500-watt hour battery that you guys are testing Yes. I believe you talked about piloting that soon, but I was just wondering the path to commerciality.

Sandra Wallach: No. So that we’ll be hoping to shift prototypes to select strategics by the end of this year and then move into commercialization in the first part of 2024. To Kang’s point, those products have already been designed into several of our customer platforms. So we’re expecting that to ramp next year as well.

Jeff Grant: Great. Thank you.

Operator: At this time, this concludes our question-and-answer session. If you have any additional questions, you may contact Amprius Investor Relations team at ir@Amprius.com. I’d now like to turn the call over to Dr. Sun for his closing remarks.

Kang Sun : Thanks, again, everyone, for joining us today. As a reminder, you may learn more about our Company, find additional updates, and learn about the upcoming events and presentations from the Investor Relations section of our website. We hope to see you at the advanced automotive battery conference in San Diego next month and at our Fremont, California expansion showcase event shortly thereafter. And we look forward to updating you on Amprius progress on our next call. Finally, I would like to thank our employees, partners and shareholders for their continued support. Operator?

Operator: Thank you for joining us today for Amprius Technologies Third Quarter 2023 Earnings Conference Call. You may now disconnect.