Smoltek Extends Evaluation Agreement and Initiates MoU Negotiations with Global Manufacturer for Joint Development of Ultra-thin CNF-MIM Capacitors

This press release is an English version of the previously published Swedish version, which has interpretive precedence.

Smoltek Nanotech Holding AB (“Smoltek”) announces that the Group company Smoltek Semi AB (“Smoltek Semi”) will extend its evaluation license agreement with a global manufacturer of passive components until the end of June 2022. During this extension period, Smoltek Semi and the licensee aim to define and agree upon the terms of a Memorandum of Understanding for the joint development of an industrial mass production process for Smoltek’s patented, ultrathin carbon nanofiber (CNF-MIM) capacitors.

Smoltek Semi has been collaborating with a global manufacturer of passive components for the evaluation of Smoltek’s patented technology platform, which enables manufacturing of ultrathin carbon nanofiber capacitors, since 2020. The evaluation license agreement for this collaboration will now be extended for two months, until the end of June 2022. The extension is made to enable the two companies to reach a Memorandum of Understanding (MoU) for a continued collaboration towards mass production of Smoltek’s ultrathin carbon nanofiber capacitors. The MoU negotiations have been initiated.

The purpose of the MoU is to define and agree upon both parties’ intents, requirements, and the structure for the continued development and implementation of an industrial mass production process for Smoltek’s ultrathin carbon nanofiber capacitors.

“We are really excited that this global manufacturer of passive components, after a comprehensive evaluation of our technology, is now prepared to take the collaboration with us to the next level,” says Smoltek’s CEO Håkan Persson. “We are now defining the way forward together with this major capacitor vendor to bring our ultrathin CNF-MIM capacitors to the market. I view the initiation of these MoU negations with our partner as a strong validation of Smoltek’s technology and know-how, as well as the commercial potential for our ultrathin carbon nanofiber capacitors”.

The companies expect that it will be possible to reach a MoU before the end of June 2022, when the new extension of the evaluation license ends.

This disclosure contains information that Smoltek Nanotech Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-04-2022 08:45 CET.