QuantumScape Corporation (NYSE: QS), a global leader in next-generation solid-state lithium-metal battery technology, and Murata Manufacturing Co. have entered into the first phase of an agreement to explore a collaboration for high-volume manufacturing of ceramic film for QS’s solid-state battery technology.

Murata Manufacturing Co. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules.

“Murata’s deep expertise in high-precision ceramics manufacturing makes them an exceptional partner as we look to scale production of our proprietary ceramic separator,” said Dr. Siva Sivaram, QS CEO. “By combining our groundbreaking Cobra separator production process with Murata’s proven capabilities and global manufacturing strength, this agreement has the potential to create significant value. It brings together QS’s advanced solid-state battery technology with Murata’s longstanding track record of delivering ceramic-based electronic components for some of the world’s most demanding applications.”

Building a global ecosystem is a cornerstone of QS’s capital-efficient business strategy: by leveraging a network of industry-leading partners, QS is accelerating the industrialization of its solid-state battery technology while maintaining a strong focus on innovation and technological advancement. This ecosystem consists of leading equipment vendors, materials suppliers, auto OEM customers and contract manufacturers. By collaborating with experts in key areas, QS ensures a streamlined path to commercialization while optimizing resources for continued innovation.

About QuantumScape Corporation

QS is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation solid-state lithium-metal battery technology is designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

Forward-Looking Statements

Certain information in this press release may be considered “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, including, without limitation, statements regarding the company’s plans and objectives for future operations and growth, the collaboration with Murata Manufacturing Co., the potential advantages of QuantumScape’s solid-state battery technology, and the anticipated benefits and value creation of the collaboration with Murata, development of the battery ecosystem, and of QuantumScape’s licensing business model, among others. These forward-looking statements are based on management’s current expectations, assumptions, hopes, beliefs, intentions and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements, including due to the development and commercialization of QuantumScape’s solid-state battery technology, the ability to scale production, including of its separator, and successfully collaborate with Murata and other partners in the ecosystem, changes in economic and financial conditions, and other factors, including those discussed in the section titled “Risk Factors” in our Annual Report and Quarterly Reports and other documents filed with the Securities and Exchange Commission from time to time. Except as otherwise required by applicable law, the company disclaims any duty to update any forward-looking statements.

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