[wvic] WIVC News

From: Simon Stephenson <simon@xxxxxxxxxxxxxxxxxxx>
To: "wvic@xxxxxxxxxxxxx" <wvic@xxxxxxxxxxxxx>
Date: Sun, 13 Mar 2022 10:23:05 +0000

Dear All

With such dramatic world news, it seems very "first world" to be worrying about
a few falls in our share prices.

I read an article in the FT magazine, about Cathie Wood,  who leads ARK invest

She is a strong supporter of the philosophy of the deflationary power of
technology,  ie that is suppresses costs,  and many agree with her.  However,
Keynes said the stock market can remain irrational longer that fund managers
solvent in the long term. How long can we hang on.....?

ENOVIX

Announced it began delivering qualification cells to customers from its factory
in January 2022. This milestone demonstrates the company's first automated
production line is capable of producing Enovix batteries that meet customer
requirements.

"The industry has been building batteries essentially one way for decades,
innovating incrementally with better materials and chemistries. We knew
designing, assembling and producing an entirely new Li-ion battery architecture
would be very challenging, but our passion for solving tough problems and a
collective belief that the world desperately needs a better battery helped
drive us past these obstacles to develop and produce the next generation
Lithium-ion battery," said Harrold Rust, Co-founder, President and Chief
Executive Officer of Enovix. "Delivering qualification cells to customers and
hosting customer audits are the next steps on our path to commercial delivery
of our advanced silicon-anode lithium-ion batteries in the second quarter of
2022."

Enovix also recently completed internal UN38.3 certification for its wearable
cell (EX01-351829). UN38.3 is the United Nations standard for safe
transportation of Lithium-ion batteries and is only granted to products that
meet strict international safety and abuse tolerance standards through a series
certified test protocol.

"Our customers are counting on us to deliver our high-energy density batteries
for their next-generation devices," said Cam Dales, GM and Chief Commercial
Officer. "It's gratifying to go from design wins to delivery of cells to major
device OEMs to qualify them for integration into their next-generation mobile
products.

Whilst the share price has not stood up recently - I think that we need to have
confidence in the technology and stick with it

CRYPTO

No need to say anything except that chaos in the finance markets has created
instability in the crypto markets - positions being liquidated from Russia.
But still comments that Bitcoin will rise to $100k this year - currently at
$38K.  It is worth hanging around to see.  Longer term strategy might be to
slim the size of our portfolio and broaden our holdings.

Probably bigger things to talk about this week, but once we have some
stability, we should examine this in detail.

I look forward to seeing you tomorrow

With best wishes

Simon

Simon Stephenson
Director
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[wvic] WIVC News

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