24M and Its Licensing Partner Kyocera Honored by the Electrochemical Society of Japan as 2024 Technology Award Winner for Commercialization of the 24M SemiSolidtm Battery Cell

24M announced today that the company and its joint development partner Kyocera are the recipients of the Electrochemical Society of Japan's 2024 Technology Award (Tanahashi Award) for the practical application and commercialization of the 24M SemiSolidtm (clay-type) lithium-ion battery cell in the Enerezzatm energy storage system. The Tanahashi Award recognizes outstanding achievements in technological development based on electrochemistry and industrial physical chemistry. In addition to the practical application of the SemiSolid lithium-ion battery cell, Kyocera and 24M were also recognized for significant energy savings in the battery manufacturing process.

Kyocera was the first to commercialize the 24M SemiSolid electrode manufacturing process, launching Enerezza, the world's first SemiSolid battery residential energy storage system, in 2020. Enerezza offers consumers a lower-cost, safer, and longer-lasting energy storage solution compared to conventional energy storage products.

"We are honored to be recognized by the Electrochemical Society of Japan alongside our licensing partner Kyocera for our energy storage innovations," said Naoki Ota, 24M President and CEO. "Kyocera's launch of the Enerezza residential energy storage product line marked a significant milestone for 24M as the first commercial application of our SemiSolid battery technology. This award is further validation that our unique approach to reinventing the lithium-ion battery is an important step forward toward a better energy future."

"This award is the result of the hard work and dedication of many people at 24M and Kyocera," commented Yoshihiro Takeshita, Department Manager of Kyocera Energy Systems Research and Development Division. "By scaling the 24M SemiSolid platform to commercial scale, Kyocera has been able to realize its inherent advantages and provide our customers with safer, better performing energy storage systems with less environmental impact."

The Electrochemical Society of Japan has honored outstanding achievements in research and development in the field of electrochemistry for more than 70 years. The award ceremony was held on March 15 at the Electrochemical Society's 91st Annual Conference in Nagoya, Japan. For more information on the Electrochemical Society of Japan and the Tanahashi Award, please visit: https://www.electrochem.jp/english/.

About 24M
24M answers the world's need for affordable energy storage by offering a revolutionary battery manufacturing and product design technology set enabled by the 24M SemiSolidtm and Unit Cell manufacturing platform. By re-inventing today's battery products and manufacturing methods, 24M solves the critical, decades-old challenge associated with the world's preferred energy storage products and technologies: reducing their high cost while improving their performance, safety and recyclability. Founded and led by some of the battery industry's foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.

24M^® is a registered trademark of 24M Technologies, Inc.

Enerezzatm is a registered trademark of Kyocera Corporation in Japan.

About Kyocera
Kyocera Corporation (TOKYO:6971, https://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as "advanced ceramics"). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2023, the company's consolidated sales revenue totaled 2 trillion yen (approx. US$15.1 billion). Kyocera is ranked #672 on Forbes magazine's 2023 "Global 2000" list of the world's largest publicly traded companies, and has been named among "The World's 100 Most Sustainably Managed Companies" by The Wall Street Journal.