Smoltek announces that YAGEO Group has chosen not to continue discussions regarding license and service agreements and that Smoltek is postponing publication of the annual report
This press release is an English version of the previously published Swedish version, which has interpretive precedence. Smoltek Nanotech Holding AB ("Smoltek" or the "Company") announces that the Company, within the framework of the negotiations conducted between the Company's subsidiary Smoltek Semi AB ("Smoltek Semi") and Kemet Electronics Corporation, a subsidiary of Yageo Group ("YAGEO"), received notice from YAGEO not to continue discussions regarding the license and service agreement that the parties have negotiated, and previously communicated to the market, at this time. In the