Ensurge Micropower - Executes San Jose relocation agreements, confirming over USD 3.5 million in annual recurring cost savings

Oslo, Norway, 9 September 2026 – Ensurge Micropower ASA (OSE: ENSU) has executed the agreements to relocate its San Jose operations from its approximately 96,000 sq ft facility at 2581 Junction Avenue to an approximately 32,000 sq ft, fully equipped and battery-focused facility at 130 Baytech Drive. The relocation completes the cost restructuring workstream first disclosed in February 2026.

The new site gives Ensurge a fully equipped, battery-focused environment, purpose-built to accelerate its proprietary lithium solid-state microbattery development and pilot-line operations, as well as a state-of-the-art space to host customers, partners, and stakeholders across med-tech, consumer electronics, IoT, and defense markets.

Final terms are in line with the expected financial effects disclosed in the first half 2026 interim report. On completion, the relocation is expected to deliver: • Over USD 3.5 million of recurring annual savings on a net basis, reducing recurring site-related costs by approximately 70 percent and site costs from approximately 30 percent to approximately 10 percent of total operating costs; • Approximately USD 1 million of one-time cost avoidance relating to lease abatement, decommissioning, and transferred fixtures and equipment; • Removal of approximately USD 1 million of liability related to the existing Junction Avenue lease guarantee; and • Release of a net USD 850 thousand of restricted cash currently securing the Junction Avenue letter of credit, expected in the first quarter of 2027. Ensurge will gain access to Baytech Drive from 1 October 2026 and will retain a defined process area at Junction Avenue through year-end 2026, so that operations continue without interruption while equipment and workflows are transferred and qualified.

For further questions, please contact: ir@ensurge.com

About Ensurge Micropower Ensurge Micropower develops ultra-thin, flexible solid-state lithium micro batteries that enable next-generation electronic devices. The Company's proprietary platform is designed to deliver safe, high-performance energy storage in space-constrained applications across medical devices, hearables, wearables, industrial systems, and defense. Ensurge Micropower ASA is listed on the Oslo Stock Exchange under the ticker ENSU.

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