$ENVX

Enovix EV sampling update

I am beginning to think we may not see a press release on this.

Given that this had been mentioned in the Q3 Shareholder Letter (SL) as being likely to happen by the end of December, I had assumed we might have seen a press release by now.

I discussed this in my Q3 review (see pinned tweet) and in the absence of a PR (yet) I am now thinking the following:

Background:

1) These samples relate to the first of the Enovix's EV engagements, the second having been announced  in the summer of '24..

2) This engagement was originally announced in the Q4 '24 SL last February), but was NOT announced via a press release. I have to suppose this was at the request of the EV manufacturer.

I therefore now suspect this will be mentioned in the Q4 '25 SL and once again (at the request of the customer) not be the subject of a press release.

Why so secretive (even by Enovix customer standards)?

Your guess is as good as mine, but the secrecy will only encourage the already existing speculation that it's a large American player.
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