Smoltek extends evaluation agreement with global manufacturer of 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 evaluation agreement that the company signed in April 2020 with a large manufacturer of electronic components has been extended further until the end of April 2022. The work within this project is carried out in the subsidiary Smoltek Semi, whose main objective is to develop and license the manufacture of ultra-thin capacitors based on Smoltek's patent-protected carbon nanofiber technology.
Smoltek conducts operations in the development, industrialization and licensing of technology solutions, based on the company's patent-protected carbon nanofiber technology, for the semiconductor industry within the Group company Smoltek Semi. Its main focus is the industrialization and commercialization of the company’s ultra-thin CNF-MIM capacitors. The company has one active agreement for industrial evaluation which was signed in the spring of 2020 with a global manufacturer of passive electronic components, including capacitors. This agreement has now been further extended until 30 April 2022.
“It is positive for both parties that we have agreed upon a further extension of the agreement. This will enable us and our customer to deepen the work in the current development step within the framework of the cooperation. Both parties continue to see strong potential in this cooperation and Smoltek’s CNF-MIM capacitor technology. In parallel with this cooperation, we are also continuing our own work to build a supply chain for the volume manufacturing of our first upcoming capacitor product, and we are very pleased with how this is progressing,” says Ola Tiverman, President of the subsidiary Smoltek Semi AB.
For further information:
Håkan Persson, CEO of Smoltek Nanotech Holding AB,
E-mail: hakan.persson@smoltek.com
Phone: +46 760 52 00 53
Website: www.smoltek.com/investors
Smoltek develops process technology and concepts for applications based on carbon nanotechnology to solve advanced materials engineering problems in several industrial sectors. The company protects its unique technology through an extensive and expanding patent portfolio consisting of around 100 applied for patents, of which today 71 have been granted. Smoltek's share is listed on the Spotlight Stock Market in Stockholm, Sweden under the ticker SMOL.
