Enovix SPAC Presentation Deck

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#1Investor Presentation August 2021 ENOVIX#22 Disclaimer This presentation (this "Presentation") is provided solely for information purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity or debt. The information contained herein does not purport to be all-inclusive. The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Enovix assumes no obligation to update the information in this Presentation, except as required by law. Furthermore, any and all trademarks and trade names referred to in this Presentation are the property of their respective owners. No Representation or Warranties All information is provided "AS IS" and no representations or warranties, of any kind, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law, in no circumstances will Enovix or any of its respective subsidiaries, stockholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation there to or otherwise arising in connection therewith. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Enovix has not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness. This data is subject to change. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of Enovix. Viewers of this Presentation should each make their own evaluation of Enovix and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. Forward Looking Statements This Presentation contains forward-looking statements made pursuant to the Safe Harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "future," "goal," "intend," "may," "outlook," "plan," "potential," "predict," "project, "pro forma," "seek," "seem," "should," "target," "to be," "will," "will be," "would," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Enovix's ability to build and scale its advanced silicon-anode, lithium-ion battery, increase in energy density, the build out of Enovix's production facilities, expected future operating results; financial performance and potential revenues, sales forecast, revenue funnel and sales pipeline; first-to-market advantages, production and commercialization timeline, business strategy, various addressable markets, anticipated market size and trends, growth, and developments in markets in which it operates; the market adoption of its technology and products; the capabilities, performance, and advancement of its technology and products; its projected factory expansion and economics; its pro form a information; and its future product development and roadmap. All forward- looking statements are based on current assumptions, expectations and beliefs, and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Enovix and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Enovix. ENOVIX#33 Disclaimer (Cont'd) Use of Projections This Presentation contains projected financial information with respect to Enovix. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The projected financial information in this Presentation only speaks of today's date. Enovix assumes no obligation to update such financial projections and will not be providing multi-year projections in the future. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Financial Information; Non-GAAP Financial Measures The financial information and data contained this Presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in, or may be presented differently in, any proxy statement/prospectus or registration statement or other report or document to be filed or furnished by Enovix with the Securities and Exchange Commission (the "SEC"). Some of the financial information and data contained in this Presentation has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Enovix believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Enovix's financial condition and results of operations. Enovix's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. A reconciliation for Enovix's 2021E through 2025E non-GAAP financial measures to the most directly comparable GAAP financial measures is not included, because, without unreasonable effort, Enovix is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these Non-GAAP financial measures. Enovix believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends Enovix's business. Other similar companies may present different non-GAAP measures or calculate similar non-GAAP measures differently. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by to be presented in Enovix's GAAP financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses are excluded in determining these non-GAAP financial measures. You should review Enovix's audited financial statements prepared in accordance with GAAP, which are included in a combined registration statement and proxy statement which was filed with the SEC on June 24, 2021.#44 The Enovix Advantage - Step-change increase in energy density - Validation from category-leading customers - Novel battery architecture and process technology - Maximizing silicon to drive performance - First-to-market advantage - Commercialization targeted by Q2 2022 - Focused on premium markets - Attractive financial profile - Experienced leadership and board ENOVIX#55 Step-Change Increase in Energy Density¹ ENERGY DENSITY (Wh/I) 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 1990 4.36% Average Annual Increase in Li-ion Battery Energy Density 1991 - 2020 1995 2000 2005 2010 EX-2 1030 Wh/l EX-1 900Wh/l5 Years = 2015 EX-3 1255 Wh/l YEAR 2020 1 Actual and projected energy density metrics for a cell-phone-size battery and Enovix energy density roadmap for a cell-phone-size battery 2025 9 Years 2030 2035 ENOVIX#66 Validation from Category-Leading Customers $13B Mobile Computing Battery Market 2025E Li-Ion Batteries TAM (Mobile Communications, Wearables, Computing, AR/VR) $881 M $292M $1.17B Revenue Funnel Potential Value of Full Production Year for all Projects Engaged Opportunities Engaged customer has determined that our battery is applicable to their product and is evaluating our technology. Active Designs + Design Wins Active Design: Customer completed technology evaluation; identified end-product; begun design work. Design Win: Customer has funded a custom battery design or is qualifying standard battery for a formally approved product that will use an Enovix 3D cell. EnoVix#77 Novel Battery Architecture and Process Technology 94 Patents Issued 63 Patents Pending 14 Years of R&D $254M of Funding Proprietary 3D Architecture and Manufacturing Processes. TEKNY HEIN ENOVIX#88 Maximizing Silicon to Drive Performance % Active Silicon Content 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% EnoVix Lithium-Ion Incumbents¹ 3-7% Fully Replacing Graphite with Higher Performing Silicon Requires an Architecture Change Enovix 3D Architecture + Integrated Constraint Conventional Wound Lithium-Ion Cell² ¹LG Chem and Panasonic; from UBS Global Research, May 2021 2 Source: Journal of Electrochemical Society ENOVIX#99 First-to-Market Advantage PROJECTED 2022 08:36 Fab 1 254 MWh Capacity Q2 2022 First Revenue 2025E Revenue: $220M 2023 36925600 13075000- (0) 2024 12:00 M Fab 2 1.53 GWh Capacity Q2 2023 First Revenue 2025E Revenue: $581M 2025 Fab 3 Auto JV or Licensing 2025 First Revenue Upside to Forecast EnoVix#1010 Production and Commercialization Timeline PROJECTED NOW Fab 1 Equipped H2 2021 Fab 1 Production Validation Q2 2022 Commercial Delivery to Customers Q2 2023 Fab 2 First Revenue ENOVIX#1111 Focused on Premium Markets Li-ion Battery Industry Average Sales Price (ASP) per kWh $2,500 JO AR Eyewear $2,500 $2,000 $1,500 $1,000 $500 $0 Smartwatch $1,660 Mobile Communications $360 Electric Vehicle $100 ENOVIX#1212 Attractive Financial Profile Targeted $1 Billion+ Exit 2025 Revenue Run Rate 52% GM 2025E 32% EBIT 2025E 2022 2023 2024 2025 ENOVIX#13Scorecard Category 1. Technology and Products 2. Manufacturing and Scale-Up 3. Commercialization 4. Market Expansion 5. Financials 13 Milestone EX-1: 900 Wh/L energy density 2022 EX-2: 1,030 Wh/L energy density 2023 EX-3: 1,255 Wh/L energy density 2025 Fab-1: First revenue Q2 2022 Fab-2: First revenue Q2 2023 Progress funnel to revenue Broaden end market applications $1 billion+ annualized revenue by Q425 with 50% GM and 30% EBIT Quarterly Update . ● ● ● ● ● ● Shipped tech qualification samples to customers Met key battery performance specs for two of our lead customers All key equipment installed in Fab-1 and in qualification stage Hired Boris Bastien as VP - Operations (formerly GM of SunPower's Fab-4) Active Designs + Design Wins $292 million as of June 30, 2021 Order booked in wearable device space worth up to $20 million Defense market: U.S. Army demonstration contract Completed EV module study validating energy density, thermal properties (enabling fast charge), and module design advantages $1.17 billion total revenue funnel (includes engaged opportunities) Strategic agreement in premium market segment (wearables) ENOVIX#1414 Technology Overview ENOVIX#15Enovix 3D Silicon TM Cell Architecture Enovix 3D Silicon Lithium-ion Cell Conventional Wound Lithium-ion Cell Photomicrograph Cross-Section¹ Photomicrograph Cross-Section² 15 ¹Source: Enovix Corporation. Source: Journal of The Electrochemical Society. ³De-rated from theoretical capacity of 2194 mAh/cc for Li trapping losses. "Nominal capacity between host capacity of 841 mAh/cc and lithiated capacity of 719 mAh/cc. Silicon Anode Material Capacity 1800 mAh/cc³ Graphite Anode Material Capacity 4 800 mAh/cc² ENOVIX#16Four Killer Problems Faced Silicon Anodes 1. First charge expansion 2. First charge efficiency 3. Cycle swelling 4. Cycle life 16 Conventional Graphite Anode¹ LOW Anode material only expands -10% HIGH (90-95%) Low loss of Li trapped in anode material LOW (<10%) Stable anode electrode thickness HIGH (>500 cycles) Stable structure Low Li trapping loss Conventional Silicon Anode Problems HIGH Silicon anodes expand by over 2x when charged LOW (50-60%) About half the Li is permanently trapped in silicon anode² HIGH (>20%) Anode repeatedly swells and shrinks battery during cycling LOW (<100 cycles) Silicon particles electrically disconnect & even crack ¹Including graphite + 5% silicon anodes. 2On LCO-Silicon cells discharged to 2.7V ENOVIX#1717 Silicon Anode Approaches Today Silicon Content Today Energy Density Improvement Commercially Available Designed for Low-Cost Silicon MINIMAL SILICON Panasonic® LG Chem LOW (3-7%) ¹ LOW TODAY YES STRUCTURALLY ENGINEERED SILICON Multiple Companies MEDIUM-HIGH LOW ³-MEDIUM ? NO ¹UBS Global Research, May 2021 2 100% of the active material that is cycling is silicon 3 Including External Constraint 4 Projected 100% ACTIVE SILICON² enovix HIGH HIGH 20224 YES ENOVIX#1818 Enovix Solved the Four Problems of Silicon Anodes 1. First Charge Expansion Enovix Solution: Provide a constraint and space for Si expansion. Reorient the electrodes to face the small side to decrease required constraining force. Conventional Cell 50mm 1,500psi = 1.7 tons 30mm 3mm Enovix 3D Cell 50mm 30mm 3mm 1,500psi = 210 pounds ENOVIX#1919 Enovix Solved the Four Problems of Silicon Anodes 2. First Charge Efficiency Enovix Solution: "Pre-lithiation" process during manufacturing to insert additional lithium source to top off lithium trapped at formation into vertically short electrodes. 50mm Li source Impractical to diffuse lithium over the long 50mm dimension Vertical electrodes only 3mm high allow for fast diffusion of added lithium into silicon ENOVIX#2020 Enovix Solved the Four Problems of Silicon Anodes 3. Cycle Swelling Enovix Solution: Cycle swelling managed by integrated constraint, limiting to <2% swelling. 1st cycle 538 cycles 1 3 mm 3 mm 1100% DOD, 4.35v-2.70v. 1C charge (CCCV)/1C discharge ENOVIX#2121 Enovix Solved the Four Problems of Silicon Anodes 4. Cycle Life Enovix Solution: Integrated constraint keeps particles under constant stack pressure. 100% Charge¹ 20 mm Conventional Anode: 1 Cycle Particle cracking Li Li Li 50% Charge 20 mm 1Silicon lithium-ion half cell; 5 mAh/cm² loading Enovix Anode: 540 Cycles 30 mm EnoVix#221 The Leader in Energy Density 1000 VOLUMETRIC ENERGY DENSITY (Wh/l)¹ 900 800 700 600 500 400 300 200 150 BYD 105 Ah 94 Ah SK innovation 60 Ah SAMSUNG SAMSUNG SDI 200 SAMSUNG SAMSUNG SDI 180 Ah Panasonic. 4.8 Ah 3.5 Ah CATIL 70 Ah 250 ENOVIX EX-1 4.1 Ah (LCO Cathode) LG Chem 60 Ah GRAVIMETRIC ENERGY DENSITY (Wh/kg)¹ 22 Sources for competitor data: UBS Global Research, October 2020 and Samsung data sheet (Model INR 18650-35E) 2 Design Targets 55 Ah 300 106 Ah 4.5 Ah EX-1 (NMC811 Cathode)² 350 ENOVIX#2323 Key Technology Messages Unique 3D Cell Architecture 100% Active Silicon Anode Industry Leading Energy Density ENOVIX#2424 Production Overview ENOVIX#2525 Standard Li-ion Battery Production Process Cell Assembly Package, First Charge & Test Electrode Fabrication Separator Anode (Graphite) Separator Cathode Standard Wound Cell Assembly Package First Charge Test ENOVIX#2626 Enovix 'Drop-In' Battery Production Process Cell Assembly Electrode Fabrication Separator Anode (Silicon¹) Separator Cathode H Laser Patterning and High-Speed Stacking Roll-to-Stack Cell Assembly Package, First Charge & Test Package 1100% Active Silicon Pre-lithiation First Charge Test ENOVIX#2727 Novel Patterning and Stacking Approach Industry Standard Enovix 3D Cell Direct Assembly Industry Standard Electrode Fabrication (40% of Mfg Process) and Pre-lithiation (30%) ¹ Cell Packaging (30%) Laser Patterning High Speed Stacking ¹ Replaces industry standard electrode winding and flattening process ENOVIX#2828 Commercialization and Market Overview ENOVIX#2929 Powering the Industries of the Future A Better Battery is Critical Wearables 08:36 Global smartwatch market $96B by 2027¹ Always-on health sensors are power hungry 5G/AI 12:00 Till 5G faster adoption than 4G From 12M smartphones in 2020 to 350M in 2023² Artificial Intelligence on 80% of smartphones in 2022³ - io AR "I think AR is that big (next mass-market technology)." - Tim Cook4 AR requires a better battery ¹Allied Market Research, April 2020 2"5G Handset Market," IHS Markt, ©2019 3"Gartner Highlights 10 Uses for Al-Powered Smartphones," Gartner, January 4, 2018 As Apple Plans Come Into Focus, Big Challenges Remain for AR," The Information, November 12, 2019 5.6"Electric Vehicle Outlook 2021, Bloomberg NEF" CO EVS CO From 3.1M in 2020 to 14.0M in 20255 $7T EV market 2021-2030 $46T EV market 2021-20506 ENOVIX#30Enovix Battery Benefits¹ In Currently Available Products Added features often more critical than added battery life Product Current Capacity Enovix EX-1 Capacity Capacity Increase End User Benefit Garmin Fenix 6X LAND VORS SATOI 1010 * Ti BE 1:20 CREM 1 450 mAh 797 mAh 1.77x Adds 16 days to battery life Bose Frames 110 mAh 256 m Ah 2.33x Extends streaming music battery life to 8 hours Motorola Radio AFKOHLE 3,400 mAh 7,122 mAh 2.10x Doubles battery life, reduces size, ruggedizes Motorola Razr Phone 2,510 mAh 3,996 mAh² ENOVIX 1.59x Replaces two batteries with one Enovix battery Dell XPS 13 3,520 mAh 4,455 mAh 1.27x Supports "Always on, all day battery life"3 ¹Calculated improvement based on existing product battery at end of life dimensions and Enovix EX-1 battery. ²Total for 2 Enovix cells to make direct comparison. 3 Required by Intel Project Athena next generation laptop architecture program.#3131 Strategy to Win in $75B Market CAGR 11% Lithium-ion Cell TAM $45B 2020 $75B1 2025 Mobile computing TAM $13B ASP $0.36-$4.00/Wh Electric vehicles/other6 TAM $62B ASP $0.10-$0.36/Wh $13B ¹ Avicenne Energy, "The Worldwide Rechargeable Battery Market," January 2019 2 Trendforce AR/VR Devices Shipment, July 2020; Company estimates as of January 2021 3 IDC Worldwide Wearable Device Forecast 2020-25, January 2021; Company estimates as of January 2021 4 IDC Quarterly Personal Computing Device Tracker, January 2021; Company estimates as of January 2021 5 IDC Quarterly Mobile Phone Tracker, January 2021; Company estimates as of January 2021 6 Approximately $3B Tam of Other applications and devices; Company estimates as of January 2021 Premium segments AR/VR2: $0.2B Wearables³: $3.0B Compute 4: $1.8B Mobile Comm5: $8.2B enovix#3232 Design Wins with Market Leaders Laptop market¹ leader Laptop market: $102B (2017)1 Product development. Funded _:||| JO Land mobile radio (LMR) market leader (public safety, EMS)² LMR market: $18B in 2019 to $25B in 20223 Product development. Funded Smartwatch market leader Smartwatch market: 19.6% CAGR to $96B by 20275 Product development. Negotiating Supply Agreement AR/VR -- augmented/virtual reality market leader AR/VR market: $11B (2017) to $571B (2025)7 Product development. Funded AR platform technology leader AR market: $6B (2018) to $198B (2025)8 Product development. Funded 1¹Laptops By The Numbers, Fortunly, 4/29/20. 2LMR Market, Reuters Plus, 2/11/19. ³Statista estimates: Credence Research ©2020. 4Canalys, 6/17/20. 5Allied Market Research, 4/20. 6TrendForce, Statista ©2019. 7IDC, 7/20/20. Statista ©2020. ENOVIX#3333 Secure Supply of U.S. Batteries is Vital "Maintaining and expanding lithium cell and battery manufacturing capability here in the U.S. - as well as in allied and partner countries is critical to U.S. national security and is essential to developing resilient defense supply chains not under threat from near-peer adversaries." National Blueprint for Lithium Batteries 2021-2030 Federal Consortium for Advanced Batteries U.S. Department of Energy Enovix Awarded Contract to Demonstrate Advanced Lithium- Ion Batteries for U.S. Army July 2021 600 FCAB EXECUTIVE SUMMARY NATIONAL BLUEPRINT FOR LITHIUM BATTERIES 2021-2030 LITHIUM June 2021 US Army ENOVIX#3434 Key Commercialization Messages Powering Industries of the Future Strategy to Win in $75B Market Design Wins with Market Leaders ENOVIX#35Appendix ENOVIX#3636 Financials Operating expenses: Cost of revenue Research and development Selling, general and administrative Total operating expenses Loss from operations ENOVIX CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per share amounts) (Unaudited) Other income (expense): Change in fair value of convertible preferred stock warrants Issuance of convertible preferred stock warrants Change in fair value of convertible promissory notes Interest expense Other income, net Total other (expense) income, net Net loss Net loss per share, basic and diluted Weighted average number of common shares outstanding, basic and diluted $ Three Months Ended June 30, 2021 2020 112 9,523 4,548 14,183 (14,183) (135) 15 (120) (14,303) $ 69,029,099 $ (0.21) $ 858 3,230 1,280 5,368 (5,368) 209 9 218 (5,150) (0.09) 60,315,795 $ Six Months Ended June 30, 2021 1,743 15,112 8,709 25,564 (25,564) (4,781) (135) 12 (4,904) (30,468) (0.45) 67,828,958 $ 2020 1,229 5,635 2,280 9,144 (9,144) 275 (1,476) (2,422) (107) 42 (3,688) (12,832) (0.21) 60,015,903 ENOVIX#3737 Financials GAAP TO NON-GAAP RECONCILIATION (In thousands, except share and per share amounts) (Unaudited) Below is a reconciliation of net loss on a GAAP basis to the Non-GAAP EBITDA and Adjusted EBITDA financial measures for the periods presented below: Three Months Ended June 30, 2020 Net loss Interest expense Depreciation and amortization EBITDA Stock-based compensation Change in fair value of convertible preferred stock warrants Issuance of convertible preferred stock warrants Change in fair value of convertible promissory notes Adjusted EBITDA Net cash used in operating activities Capital (expenditures) Free Cash Flow (1) $ 2021 (14,303) $ 135 234 (13,934) 2,120 (11,814) $ $ (5,150) $ 145 (5,005) 58 (209) (5,156) 2021 2021 Six Months Ended June 30, (15,142) (20,573) (35,715) (30,468) 135 375 (29,958) 3,675 4,781 Six Months Ended June 30, $ (21,502) $ 2020 2020 (12,832) 107 289 (12,436) 116 (275) 1,476 2,422 (8,697) (9,332) (11,543) (20,875) ENOVIX#3838 Financials - Additional Information Share Count 145.2 million* as of July 14, 2021 *excludes 17.5 million warrants with $11.50 exercise price Net Cash Proceeds $382 million net proceeds received July 14 from business combination $15 million bridge loan repaid July 14 2021 Outlook $110 million - $120 million use of Free Cash Flow Investing for Growth: - Talent acquisition - Factory capacity Design capacity Intellectual property Global footprint enovix#39Independent Directors T.J. Rodgers Chairman Founder & 34-yr CEO Cypress Semi Chairman of SunPower IPO Enphase Director in turnaround Dartmouth: Physics & Chemistry Stanford: MSEE, PhDEE Joined Board 2012 CYPRESS EMBEDDED IN TOMORROW™ SUNPOWER® 39 ENPHASE. Michael (Mitch) Petrick Riverside Mgmt Group Management Committee at Morgan Stanley; Led Global Market Strategies division at The Carlyle Group. Grinnell: Chemistry & Economics. Chicago: MBA Joined Board 2018 Morgan Stanley THE CARLYLE GROUP Greg Reichow General partner of Eclipse Ventures. VP-Production at Tesla; Ran solar autoline fab at SunPower Fab Quality Director at Cypress Semi Joined Board 2020 TESLA SUNPOWERⓇ Betsy Atkins CEO: Baja Corporation SunPower director at IPO Prior CEO 3 software companies: energy, health, networking Corporate governance: three books; Three boards including Volvo Joined Board 2020 изпи RESORTS VOLVO Dan McCranie 1974-2000: Semi EVP & CEO positions 2000-2020: 10 public Semi Co Bds, Chairman of six, avg 6.4 yrs. Six restructuring programs. Former Chairman of Freescale & ON Semi. Joined Board 2021 CYPRESS EMBEDDED IN TOMORROW™ ON Semiconductor ON ENOVIX Manny Hernandez 1993-2004: Cypress Semi CFO 2004-2009: SunPower CFO (led IPO) Former Audit Committee Chairman, ON Semiconductor Current chairman BrainChip Inc. (Al) Joined Board 2021 CYPRESS EMBEDDED IN TOMORROW SUNPOWER®#4040 Leadership Team Harrold Rust CEO & Co-founder Experience Form Factor IBM MS, Mechanical Eng Stanford University 58 Patents Steffen Pietzke CFO Experience ALX Oncology Tricida, EY & PwC Taxation & Accounting University of Applied Sciences of Offenberg Ashok Lahiri CTO & Co-founder Experience Form Factor IBM BS, Chemical Eng UC Berkeley 77 Patents Cameron Dales GM & CCO Experience Symyx Technologies Lockheed MS, Aero/Astro Eng Stanford University 103 Patents Murali Ramasubramanian VP, R&D & Co-founder Experience Form Factor IBM PhD, Chemical Eng Univ of South Carolina 97 Patents Ed Hejlek Chief Legal Officer Experience Tricida, Bryan Cave J.D., Univ of Missouri B.S., Chemical Engineering, Washington U. ENOVIX

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