Investing.com -- Enovix Corporation, the battery manufacturer, has seen its stock rise by up to 27% following the receipt of a pre-paid order for its silicon batteries.
The purchase order, from an unidentified technology company, did not disclose its terms.
The batteries ordered are intended for use in "next-generation head-worn mixed reality wearables," according to Enovix.
The company added that these batteries would contribute to the advancement of smart glasses, augmented reality devices, and other innovative products in the mixed reality domain.
As per the agreement, Enovix is expected to commence delivery of the initial shipments by mid-2025.
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