Enovix (ENVX) shares surged 16% in recent Tuesday premarket activity after the company said it had received a pre-paid purchase order for silicon batteries from a Silicon Valley artificial intelligence technology company.

Enovix said the batteries it sold are intended to be used for head-worn mixed reality wearables.

It did not disclose the name of the company or financial details.

The company said it expects to begin delivering shipments of the batteries by mid-2025.

Price: 14.48, Change: +2.02, Percent Change: +16.21