FREMONT, Calif., July 09, 2026 (GLOBE NEWSWIRE) — E ovix Co po atio (Nasdaq: ENVX) (“E ovix”), a develope a d ma ufactu e of adva ced lithium-io batte ies, i cludi g p op ieta y silico -a ode a chitectu es, today a ou ced that D . Michael Vyvoda, fo me Di ecto of P oduct Ope atio s at Apple who helped scale Ai Pods ma ufactu i g to high-volume p oductio , will joi the Compa y as Chief Ope ati g Office , effective July 29, 2026. Michael will epo t to D . Raj Tallu i, P eside t a d CEO, a d will assume espo sibility fo E ovix’s global ma ufactu i g, supply chai a d ope atio s e gi ee i g o ga izatio s as the Compa y scales to sustai ed, high-volume p oductio at its Malaysia a d Ko ea ma ufactu i g facilities, with R&D suppo t f om its I dia ope atio s. Se io Vice P eside t Kiho g (“KH”) Pa k, who leads Global Ma ufactu i g Ope atio s; Ed Casey, who leads Adva ced Ma ufactu i g E gi ee i g (AME); a d James Wilcox, Vice P eside t of St ategic Sou ci g, will epo t to Michael, establishi g a u ified ope atio s o ga izatio with e d-to-e d espo sibility f om the facto y floo to custome delive y.
Michael’s appoi tme t comes as E ovix accele ates the comme cial executio of its ext-ge e atio batte y platfo ms. As epo ted i its fi st qua te 2026 esults, E ovix g ew eve ue 49% yea ove yea to $7.6 millio , exceedi g the high e d of guida ce, delive ed its sixth co secutive qua te of positive g oss p ofit a d expa ded its global pipeli e fo Ko ea-ma ufactu ed p oducts to mo e tha $130 millio . P oductio of E ovix’s silico -a ode batte y fo sma t eyewea is u de way followi g eceipt of its fi st comme cial p oductio o de of app oximately 50,000 u its, sma tpho e qualificatio co ti ues to adva ce a d the Compa y ece tly lau ched its MX-1™ platfo m fo the apidly g owi g d o e a d defe se ma kets. As these p og ams scale simulta eously, successfully coo di ati g ma ufactu i g, supply chai , quality a d custome delive y ac oss multiple sites, p oducts a d e d ma kets becomes i c easi gly c itical. I his ew ole, Michael will lead this ext phase of ope atio al executio , d ivi g a discipli ed, epeatable ma ufactu i g amp ac oss E ovix’s global ope atio s.
“Michael b i gs exactly the ki d of b oad, c oss-fu ctio al ope ati g leade ship E ovix eeds at this stage,” said D . Tallu i. “We a e scali g i to sustai ed, multi-site, high-volume ma ufactu i g ac oss sma tpho e, sma t eyewea , defe se a d i dust ial platfo ms simulta eously. Michael has do e this befo e — buildi g ma ufactu i g o ga izatio s that successfully t a sitio p oducts f om i t oductio to high-volume p oductio while imp ovi g yield, th oughput, cost a d ope atio al discipli e. Just as impo ta tly, he u de sta ds how ope atio al excelle ce t a slates i to custome success, comme cial executio a d lo g-te m sha eholde value. With Michael, KH, Ed a d James, E ovix ow has a deeply expe ie ced, fully i teg ated ope atio s leade ship team. Michael’s a ival fu the st e gthe s my co fide ce i ou ability to execute ou ma ufactu i g amp ac oss these p og ams.”
D . Vyvoda b i gs mo e tha 25 yea s of ope atio s a d ma ufactu i g leade ship expe ie ce spa i g high-g owth sta tups a d global tech ology leade s. He joi s E ovix f om Mag athea Metals, whe e he se ved as Chief Ope ati g Office , leadi g ope atio s fo the compa y’s elect olytic mag esium developme t platfo m. P eviously, he was Chief Ope ati g Office at Ai captu e, whe e he took di ect ai captu e tech ology f om ea ly developme t th ough comme cializatio , achievi g successive ge e atio s of capital cost eductio . Ea lie , Michael spe t mo e tha five yea s at Apple as Di ecto , P oduct Ope atio s fo Audio P oducts, whe e he helped scale Ai Pods ma ufactu i g f om ew p oduct i t oductio to high-volume p oductio ac oss multiple Asia ma ufactu i g sites, while leadi g cost eductio i itiatives to suppo t ma gi expa sio . His ope atio s backg ou d also i cludes se io ma ufactu i g oles at Thi Film Elect o ics, GT Adva ced Tech ologies, Twi C eeks Tech ologies, Sa Disk a d Mat ix Semico ducto . Michael holds a Ph.D. i Chemical E gi ee i g f om the U ive sity of Califo ia, Be keley a d a B.S. i Chemical E gi ee i g f om the U ive sity of Michiga .
“E ovix is at a i flectio poi t — scali g f om tech ology leade ship i to sustai ed, high-volume comme cial ma ufactu i g,” said D . Michael Vyvoda. “Scali g ma ufactu i g at these levels equi es epeatable p ocesses, discipli ed executio , ope atio al visibility, co ti uous imp oveme t a d ele tless cost eductio — all while upholdi g the highest sta da ds of quality a d safety. What d ew me to E ovix is the a e combi atio of ge ui ely diffe e tiated tech ology a d custome dema d ac oss multiple la ge e d ma kets. I’m looki g fo wa d to wo ki g with KH, Ed, James a d the b oade ope atio s a d e gi ee i g teams to scale a wo ld-class ma ufactu i g system suppo ti g multiple high-volume p oduct platfo ms fo E ovix’s sma tpho e, sma t eyewea , defe se a d i dust ial custome s.”
D . Vyvoda’s appoi tme t completes the delibe ate st e gthe i g of E ovix’s ope ati g leade ship as the Compa y adva ces f om tech ology developme t to comme cial-scale ma ufactu i g, followi g the ea lie additio s of Ed Casey as Vice P eside t, Ope atio s, leadi g Adva ced Ma ufactu i g E gi ee i g, a d Sa ghyuck Pa k as Se io Di ecto , Adva ced Ma ufactu i g E gi ee i g.
E ovix develops a d ma ufactu es adva ced lithium-io batte ies, i cludi g p op ieta y silico -a ode a chitectu es fo sma tpho es, sma t eyewea , defe se, i dust ial a d eme gi g edge-AI applicatio s. Its p op ieta y silico -a ode batte y a chitectu e e ables highe e e gy de sity a d pe fo ma ce i space-co st ai ed devices while mai tai i g safety a d eliability, suppo ti g comme cializatio ac oss co sume a d i dust ial ma kets.
E ovix is headqua te ed i Silico Valley with ma ufactu i g facilities i Ko ea a d Malaysia a d R&D ope atio s i I dia, se vici g custome s globally. Fo mo e i fo matio visit https://e ovix.com a d follow us o Li kedI .
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts elate to futu e eve ts o ou futu e fi a cial o ope ati g pe fo ma ce a d a e ide tified by wo ds such as a ticipate, believe, could, estimate, expect, i te d, may, might, pla , possible, pote tial, p edict, p oject, should, will, would a d simila exp essio s. Fo wa d-looki g stateme ts i this p ess elease i clude, but a e ot limited to, stateme ts ega di g: the expected timi g, be efits a d impact of ou leade ship appoi tme t a d o ga izatio al cha ges; ou futu e g owth oppo tu ities; ou ability to scale multiple p og ams simulta eously, a d execute o ou ma ufactu i g amp; amo g othe s. These stateme ts a e based o the cu e t expectatio s of ou ma ageme t, a e ot p edictio s of actual pe fo ma ce, a d actual esults may diffe mate ially f om the futu e esults, pe fo ma ce o achieveme ts exp essed o implied by the fo wa d-looki g stateme ts.
Risks, u ce tai ties a d assumptio s that could cause actual esults to diffe mate ially f om the esults a d eve ts a ticipated by such fo wa d-looki g stateme ts i clude, but a e ot limited to: isks elated to the timi g of the leade ship cha ges; the outcome of custome testi g a d qualificatio activities, i cludi g the possibility that ou p oducts do ot meet equi ed pe fo ma ce th esholds o that such testi g is delayed beyo d expected time f ames; ou ability to successfully develop, ma ufactu e a d comme cialize ou batte y p oducts a d t a sitio to high-volume p oductio ; ou ability to scale ma ufactu i g ope atio s a d achieve expected p oductio capacity a d yields; the level a d timi g of custome dema d, qualificatio a d adoptio of ou p oducts ac oss e d ma kets; ou ability to e te i to a d expa d comme cial ag eeme ts, i cludi g secu i g desig wi s, pu chase o de s a d p oductio co t acts; ou ability to execute o ou busi ess st ategy a d build a d scale ou sales a d comme cial capabilities; le gthy a d u p edictable custome qualificatio a d sales cycles, safety co side atio s a d co t actual te ms, pa ticula ly i defe se a d othe egulated ma kets; isks elated to batte y pe fo ma ce, eliability a d safety; custome co ce t atio i the defe se secto a d ce tai co sume tech ology ma kets, such as sma tpho es a d sma t eyewea ; challe ges i fo ecasti g dema d, i ve to y a d ma ufactu i g equi eme ts that may esult i additio al costs a d p oductio delays; ou histo y of losses a d expectatio of co ti ued losses; isks associated with the developme t a d comme cializatio of p oducts that emai u de developme t a d may ot be successfully p oduced at comme cial scale; ou ability to effectively i teg ate a d de ive be efits f om acqui ed busi esses; fluctuatio s i fo eig cu e cy excha ge ates a d i te est ates; ope atio al a d safety isks associated with ma ufactu i g equipme t; i te se competitio a d ou ability to keep up with apid tech ological cha ge a d evolvi g sta da ds i the batte y i dust y; ou ability to att act a d etai qualified pe so el; the outcome of litigatio , egulato y i vestigatio s a d othe legal matte s, i cludi g the associated legal a d othe costs; liquidity co st ai ts, capital availability a d ou ability to se vice existi g debt; ou ability to p otect a d e fo ce ou i tellectual p ope ty ights; volatility i the t adi g p ice of ou commo stock; cha ges i tax laws o egulatio s; the impact of cybe a d othe i fo matio tech ology o secu ity elated i cide ts o us, ou custome s o othe pa ties; cha ges i the political, eco omic o egulato y e vi o me t ge e ally a d i the ma kets i which we ope ate; a d othe isks desc ibed i the disclosu es co tai ed i ou fili gs with the Secu ities a d Excha ge Commissio (“SEC”), i cludi g i the “Risk Facto s” a d “Ma ageme t’s Discussio a d A alysis of Fi a cial Co ditio a d Results of Ope atio s” sectio s of ou a ual epo t o Fo m 10-K a d qua te ly epo ts o Fo m 10-Q, a d othe docume ts that we have filed, o will file, with the SEC. These docume ts a e available i the SEC Fili gs sectio of the I vesto Relatio s page at https://i .e ovix.com a d at www.sec.gov.
It is ot possible fo us to p edict all isks, o ca we assess the impact of all facto s o ou busi ess o the exte t to which a y facto , o combi atio of facto s, may cause actual esults to diffe mate ially f om those co tai ed i a y fo wa d-looki g stateme ts we may make. Acco di gly, you should ot ely o a y of the fo wa d-looki g stateme ts. A y fo wa d-looki g stateme ts i this p ess elease speak o ly as of the date o which they a e made. We u de take o obligatio to update o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise.
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