Smoltek initiates handover to the company’s incoming CEO Håkan Persson

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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 handover to the company’s incoming CEO Håkan Persson has been initiated, with Håkan participating at a full-day Board event, including thorough updates on business operations, on August 31. During the second half of September, this will be followed by further efforts to acquaint the new CEO with the company’s business and organization in preparation of Håkan assuming the position on October 1.

Smoltek’s interim CEO Marie Landfors will be available on a half-time basis during the full month of October to facilitate a smooth transition of the CEO role.

”It was valuable to include our incoming CEO in the recent round of updates on our business operations, where executives for our operating group companies Smoltek Semi and Smoltek Innovation presented updates on their respective business areas and discussed the way forward with the Board. All participants have a joint vision on how Smoltek shall continue to evolve and build value for our shareholders,” says Peter Augustsson, Smoltek’s Chairman of the Board.

Peter Augustsson also expects that the company will be able to share more information during the fall on the status and the way forward for Smoltek Semi and Smoltek Innovation, in addition to the recently published news item that the company’s collaborative evaluation with a large global manufacturer of capacitors will enter a new phase after having achieved significant progress during the joint evaluation project. 

For further information: 
Peter Augustsson, Chairman of the Board of Smoltek Nanotech Holding AB (publ)  

Email: peter.augustsson@padevelopment.se 
Telephone: +46 768 95 52 07  
Webbplats: www.smoltek.com/investors

Smoltek is a global company that 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 69 have been granted. Smoltek's share is listed on the Spotlight Stock Market in Stockholm, Sweden under the short name SMOL.