Amprius Technologies, Inc. (NYSE:AMPX) Q4 2022 Earnings Conference Call March 23, 2023 5:00 PM ET

Company Participants

Greg Bradbury - Investor Relations

Kang Sun - Chief Executive Officer

Sandra Wallach - Chief Financial Officer

Conference Call Participants

Colin Rusch - Oppenheimer

Operator

Good afternoon and welcome to the Amprius Technologies Conference Call and Webcast. It’s now my pleasure to turn the call over to Greg Bradbury.

Greg Bradbury

Good afternoon. Welcome to Amprius Technologies’ fourth quarter and full year 2022 conference call. Joining us for today’s presentation are the company’s CEO, Dr. Kang Sun and CFO, Sandra Wallach. At this time, all participants are in listen-only mode. Following management’s remarks, we will open the call for questions.

Please note that this presentation contains forward-looking statements, including but not limited to statements regarding future product commercialization, new customer adoption and timing and ability of Amprius to build its large scale manufacturing facility, expand its manufacturing capacity and scale its business. These statements involve known and unknown risks, uncertainties and other important factors that may cause Amprius’ results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. For a more complete discussion of these risks and uncertainties, please refer to Amprius’ filings with the Securities and Exchange Commission, including but not limited to a discussion of Amprius’ risk factors in its quarterly report on Form 10-Q filed on November 14, 2022.

Finally, I would like to remind everyone that this conference call is being webcast and a recording will be made available for replay on the company’s Investor Relations website at ir.amprius.com. In addition to the webcast, the company has posted a shareholder letter that accompanies these results, which can also be found on the Investor Relations website.

I will now turn the call over to Amprius Technologies’ CEO, Dr. Kang Sun, for his comments. Sir, please proceed.

Kang Sun

Welcome, everyone and thank you for joining us this afternoon. To begin today’s discussion I will give some complete background followed by a review of our recent accomplishments before turning the call over to our CFO, Sandra Wallach to discuss our financial results for the year in more depth. After that, I will share some closing remarks before opening the call for questions.

Amprius develops and manufactures ultra high-energy density lithium-ion battery based on our proprietary silicon anode technology. Our business has four distinct advantages: unmatched technical and product performance, proven manufacturability, years of product commercialization with industrial leaders, and a team of seasoned business operators with a solid track record. Our near-term goal is to scale our manufacturing with the long-term goal of becoming a mainstream battery solution. With applications across all segments of the electrical mobility, including the aviation and EV industries, over the past few years, Amprius has delivered commercial batteries with the highest known energy density and the power density. Our current available batteries have as much as 450 watt-hour per kilo in specific energy density and 1,150 watt-hour per liter in volumetric energy density with up to 10C high-power capability.