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Enovix Korea Named 2025 Best Workplace for Job Creation in Korea by Ministry of Employment and Labor

1. Enovix Korea won the 2025 Best Workplaces award for job creation. 2. Recognition highlights employee-focused policies and transparent communications. 3. Award reflects Enovix's commitment to workplace satisfaction and innovation. 4. Enovix specializes in advanced silicon battery technology for high-performance energy storage. 5. The company holds a robust patent portfolio supporting its battery designs.

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FAQ

Why Bullish?

Awards and recognitions can boost investor confidence and market perception. Similar instances, like Tesla's awards, historically led to stock price increases.

How important is it?

Recognition improves brand reputation, potentially leading to increased sales and partnerships.

Why Short Term?

The award may create immediate positive sentiment among investors, enhancing stock appeal. Previous awards have often catalyzed short-term stock rallies.

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FREMONT, Calif., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a leader in advanced silicon battery technology, announced today that Enovix Korea has been honored with the prestigious 2025 Best Workplaces of Korea for Job Creation award by the Ministry of Employment and Labor. This national certificate recognizes exemplary companies in quality job creation following comprehensive evaluations of workplace practices and company culture. Each year, only 100 companies nationwide are selected for this honor. Enovix Korea was selected for its outstanding employee-focused policies, including performance-based profit-sharing compensation, Employee Stock Purchase Plan (ESPP), transparent open communications through All Hands Meetings, Round Tables, and Company memos. Enovix Korea was also recognized for innovative reward and recognition programs, continued employment opportunities for top-performing employees, and incentive compensation practices that encourage day-to-day business innovation. KH Park, Vice President of Enovix Korea Operations, commented: "We are deeply honored to receive this prestigious award. It stands as a testament to the dedication and cooperation of all employees, as well as a unified vision, and it is a testament to our continuous innovation and efforts in our systems, policies, and business operations. Enovix Korea is committed to creating a workplace where all employees work with pride and satisfaction." This award highlights Enovix’s ongoing journey to foster a great workplace environment, reflecting its belief in prioritizing employee engagement, and the Company’s Core Values. About Enovix CorporationEnovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design and manufacturing process. Enovix is headquartered in Silicon Valley with facilities in India, South Korea and Malaysia. For more information visit https://enovix.com and follow us on LinkedIn. Forward‐Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and can be identified by words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, should, would and similar expressions that convey uncertainty about future events or outcomes. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s pursuit of innovation and efforts in its systems, policies and business practices, its ability to prioritize employee engagement, and its commitment to fostering a positive workplace environment. Actual results and outcomes could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, those risks and uncertainties and other potential factors set forth in our filings with the Securities and Exchange Commission (“SEC”), including in the Risk Factors section of our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC, available at https://ir.enovix.com and www.sec.gov. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligation to update these forward-looking statements, except as required by law. Investor Contact: Robert Laheyir@enovix.com Chief Financial Officer: Ryan Bentonryan.benton@enovix.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95a3ef03-74d3-40a6-84b7-1f21ad5d7df9 Award Ceremony Left: Kim Young-hoon, Minister of Employment and Labor of the Republic of Korea; Right: KiHong Park,...

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