SES AI signs a memorandum of understanding with Aispex targeting up to 45 million dollars to provide a solution up to 100 megawatt

Woburn, Mass. – (Business Wire) –$ SES #AI__Ses ai corporation (“SES AI”) (NYSE: SES), the world leading company in developing and manufacturing LI-metal and Li-ion improved batteries of artificial intelligence Memorandum (“Memorandum of Understand (“Rep”) with the leading virtual power plant platform.

Under this partnership, SES is expected to provide high -performance BESS solutions including its artificial intelligence for the security battery management system to monitor battery health and safety. The Memorandum of Understanding targets a pipeline for the purchase order of up to 45 million dollars and up to 100 megawatts, with the first publication process in 2025, it is expected that it will be a project of up to 30 megawatts of up to 13 million dollars, to be completed in two phases in encryption mining a site in Texas.

Qichao Hu, CEO of SES AI, commented, “Energy storage is an opportunity for the market that was actively explored as a natural seizure to exploit our unique capabilities to discover materials and manage excellent batteries through artificial intelligence. Our improved batteries of artificial intelligence Omar Pace can extend Improved artificial intelligence for safety and safety of Bess.

He added: “We believe that energy storage, especially with mining centers and fast -growing encryption data in the United States, represents a total address that is more than 10 times from EV. And other leading service providers.

Paul Nei, founder and CEO of Aispex Inc. said. “This cooperation combines pioneers in the areas of each of them.” While setting the theater for a sustainable future. “

About Aispex

Aispex Inc. It is a retail energy provider, a Texas -based, specialized in advanced energy management solutions. Enervision, Enervision, combines the latest devices and software on behalf of artificial intelligence to provide unparalleled energy efficiency and pride for residential, commercial and industrial customers.

About SES AI:

SES AI Corp. (NYSE: SES) to run the future of global electrical transportation on the ground and in the air with the most advanced LI batteries in the world. SES AI is the first battery company in the world to accelerate the pace of innovation through the use of excellent artificial intelligence through the spectrum of its business, from research and development; Articles sources; Engineering and manufacturing cell design; To the health of the battery and safety control. SES AI was founded in 2012, a Li-Meetal battery developer based in Boston and with operations in Singapore, Shanghai and Seoul. Learn more about SES.AI.

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This press statement contains data that SES AI believed to be “aspecting data” in the meaning of the Law on Reform of Private Securities for the year 1995. These data include, for example, data related to future financial performance expectations, work strategies or our business expectations. These phrases are based on the beliefs and assumptions of the SES AI management. Although SES AI believes that its plans, intentions, and expectations are reflected in or suggested by these aspiration data, it cannot provide a guarantee that it will achieve or achieve these plans, intentions or expectations. These phrases constitute expectations, forecasts, and aspiration, and do not guarantee performance. Such data can be determined by the fact that it is not strictly related to historical or current facts. When using it in this press statement, words such as “expectation”, “sincerity”, “can”, “follow up”, “can”, “estimate”, “expectation”, “expectations”, “intend”, “May”, “May”, “PLAN”, “Possible”, “Probicts”, “PREDICT”, “Project”, “Seek”, “Anshs”, “Strive”, “target”, “Will”, may determine the aspiration data, however The lack of these words does not mean that the statement is not aspiration.

You should not put an unjustified dependence on this aspiration data. If one or more of a number of known and unknown risks and suspicions are achieved, or if any SES AI assumptions prove incorrect, our actual results or our performance may be materially different from those that are expressed or implicit through these aspecting phrases. Some factors that may cause actual results, to name a few, include the following risks: the risks related to the development and marketing of SES AI battery technology, timing and achieving expected business features; The risks related to uncertainty in achieving and preserving profitability; The risks of uncertainty in meeting future capital requirements; SES ability to integrate their products into electric cars (“EVS”) and transport urban air (“” UAM “), drones, robots and other applications; The risks that delay the development of SES AI battery cells may negatively affect SES and SES AI’s prospects; The air mobility market, and the use of LI technology in air navigation applications, is still emerging and may not achieve the growth potential that we expect; There is still a risk that the SES Services market based on artificial intelligence is emerging, and artificial intelligence programs may not achieve SES AI growth capabilities; The risks related to the development of the UAM market and the demand for batteries from the UAM; Possible supply chain difficulties; SES AI’s ability to involve the customers of the original target equipment (“OEMS”) successfully and integrate SES AI products into EVS that were manufactured by OEM customers; The ability to obtain raw materials, components or equipment through new or current supply relationships; Our use of artificial intelligence and machine learning may lead to legal and regulatory risks; The risks resulting from the joint development agreements of SES AI, strategic alliances and other investments; The responsibility of the product and other potential litigation, regulation and legal compliance; SES AI’s ability to attract, train and retain high skills and main employees; Developments in alternative technology or other fossil fuels alternatives; SES AI’s intellectual risk risks; Trade, organizational, political, operational, financial and economic business related to SES AI commercial operations outside the United States; SES AI’s failure to meet some NYSE menu requirements may delete regular AD from the New York Stock Exchange, which can eliminate the trading market or negatively affect the shared shares of SES AI; SES AI shared shares ’fluctuation and public SES AI orders; And the other risks described in “Part One, Item 1A. Risk factors” in our annual report on the 10-K Fund for the Finance year ending December 31, 2023 submitted to the Securities and Stock Exchange Committee (“SEC”) on February 27, 2024 and other documents submitted by Time to another with SEC. There may be additional risks currently defined SES AI and/or are believed to be essential that can also cause actual results from those in aspective data. In addition, asphalting data reflects SES, plans, or forecasts of future events and views only from the date of this press statement. SES AI expects events and subsequent developments to change. However, although SES AI may choose to update this aspiration data at some point in the future, SES AI is especially evaluated from any commitment to doing so. This aspecting data should not be relied upon as the SES AI’s reviews from any date after the date of this press statement.

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