License agreement for evaluation of CNF-MIM technology extended
Smoltek announces that the agreement signed in the spring with a leading capacitor manufacturer for technical and commercial evaluation of the company's CNF-MIM technology will be extended until the end of October.
This press release is an English version of the previously published Swedish version, which has interpretative preference.
At the end of March this year, Smoltek announced that the company had signed an evaluation agreement with one of the world's largest capacitor manufacturers. The agreement, which relates to a license where the company's patented carbon nanofiber-based CNF-MIM technology is evaluated through a joint project, was originally intended to run until the end of August this year. This agreement has now been extended.
“The scope of the project has been expanded and thus the project period is extended to the end of October. The customer has requested additional tests for their analysis of the CNF-MIM technology and its applications. Although we cannot travel and meet in person at present, the collaboration works very well”, says Ola Tiverman, CRO & COO at Smoltek.
With the extension of the project, the order value has increased from approximately SEK 1 million to SEK 1.35 million.
Link to referenced press release 2020-03-26: https://news.cision.com/smoltek-nanotech-holding-ab/r/smoltek-signs-evaluation-license-agreement-with-leading-capacitor-manufacturer,c3078578
For further information:
Anders Johansson, CEO of Smoltek Nanotech Holding AB,
Mail: anders@smoltek.com
Telephone: 0708-39 36 93
Smoltek is developing process technology and concepts for applications based on carbon nanotechnology, primarily for the global semiconductor industry. Smoltek’s unique technology enables the production of semiconductor components with smaller form factors, higher performance and lower energy consumption.
The company protects its unique technology through an extensive and growing IP-portfolio, consisting of about 100 applied patents, of which 60 are currently granted.
Smoltek's applications are today mainly focused on the market segment for ”advanced packaging”, which is expected to grow at an average annual growth rate (CAGR) of 8.0 percent during the period 2018-2024 and achieve a market value of USD 43.6 billion in 2024 (source: Yole Développement Market research).
Smoltek's share is listed on the Spotlight Stock Market in Stockholm, Sweden under the short name SMOL.
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