What's Going On With Enovix Stock Monday?

Enovix Corp ENVX shares are trading higher. The company on Monday announced that its batteries were selected for use in Accurate Meditech's blood pressure monitor.

What To Know: Enovix's standard IoT and wearable-sized batteries were chosen by Accurate Meditech for its Class II FDA-approved multi-vital sign monitor. Running on one of the company's batteries, the device is expected to last more than four months on a single charge. 

"This achievement marks an important milestone in our journey to scale and is just the beginning of our customer design wins, further validating the positive impact Enovix technology can have on people's day-to-day lives," said Raj Talluri, president and CEO of Enovix.

The blood pressure monitor is set to be available at CVS, Walgreens and Walmart beginning in the second half of 2024. 

See Also: What's Going On With Alibaba Stock Monday?

ENVX Price Action: Enovix shares were up 1.03% at $11.97 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.