07:53 AM EDT, 06/25/2024 (MT Newswires) -- Enovix ( ENVX ) said Tuesday it was awarded a contract from an unnamed California-based technology company to provide silicon batteries and packs for mixed reality headsets.

Enovix ( ENVX ) said it will receive an immediate one-time payment for tooling to support battery pack dimensions as well as further payments for the delivery of both sample and production quantities. Financial details were not disclosed.

Enovix ( ENVX ) shares were rising 13.5% in recent premarket activity.

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