SMART WIRES TO APPOINT DR. MICHAEL HOWARD AS CHAIRPERSON OF ITS BOARD OF DIRECTORS

Smart Wires Technology Ltd. (“Smart Wires”) will vote to appoint Dr. Michael Howard as Chairperson of its Board of Directors. This new appointment fills the vacancy created following the planned resignation of former Chairperson Tom Voss.

Dr. Michael Howard is a seasoned Board Director and executive with over 40 years of global experience accelerating technology and policy toward cleaner energy pathways. Dr. Howard served as President and CEO at Electric Power Research Institute (EPRI) from 2010 until his retirement in 2020. After retiring from EPRI, he was honored by its Board of Directors as CEO Emeritus.

Before serving as EPRI’s President and CEO, he served as EPRI’s Senior Vice President, Research and Development, and President and Chief Executive Officer of EPRI Solutions, Inc., a wholly-owned subsidiary of EPRI. His previous leadership roles span global organizations ranging from entrepreneurial start-ups to large public companies with responsibilities including operations, finance, sales and marketing, product development, and strategic planning. He began his career in 1980 with Westinghouse Electric Corporation.

Dr. Howard serves on the Board of the World Energy Council, the CMU Scott Institute for Energy Innovation, and a Senior Fellow of the Enel Foundation. He previously served on the Boards of Directors of several private technology-based companies, university advisory councils, and industry organizations and is an active member of IEEE and other technical societies. In 2019, he was elected by the United States Energy Association (USEA) as the 2019 U.S. Energy Award recipient, recognizing preeminent energy leadership and contributions to international understanding of energy issues.

“We are delighted to welcome Dr. Howard as Chairperson of our Board of Directors. He is a strong, known, and visionary leader in the energy industry, with relevant experience and skills for our business. As we continue to evolve our technology and encourage the global grid industry to become a digital platform for energy transition, Dr. Howard will be invaluable in helping our vision become a reality,” said Smart Wires’ CEO, Peter Wells.

“I’d like to thank Tom Voss for his service as Chairperson since 2014, during which time Smart Wires evolved from being a small R&D company to the leading provider of digital modular power flow control. His experience and steady hand have been invaluable,” he said.

“I started my career at Westinghouse Electric Corporation, whose work, along with EPRI on power electronics, opened the door for the power electronics-based grid technology that Smart Wires provides today. I have been following Smart Wires’ journey with great interest over the years and share Peter, and his team’s, vision for a digital grid,” said Smart Wires’ new Chairperson, Dr. Michael Howard.

“Joining as Chairperson allows me to combine my passions for technology and making the world a better place through sustainable energy supply and use. It’s a great fit, and I am thrilled to be joining the business and team. In today’s world, digital grids play an essential role in the energy transition, and I look forward to contributing to this as Smart Wires new Chairperson,” he said.

CONTACTS

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 (901) 687-8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.