09:15 AM EST, 01/07/2025 (MT Newswires) -- Enovix ( ENVX ) shares surged 16% in recent Tuesday premarket activity after the company said it had received a pre-paid purchase order for silicon batteries from a Silicon Valley artificial intelligence technology company.

Enovix ( ENVX ) said the batteries it sold are intended to be used for head-worn mixed reality wearables.

It did not disclose the name of the company or financial details.

The company said it expects to begin delivering shipments of the batteries by mid-2025.

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