Strategic update for Smoltek Semi – clear path towards commercialization of capacitor technology

This press release is an English version of the previously published Swedish version, which has interpretive precedence.

Smoltek Nanotech Holding AB (publ) (“Smoltek” or “the Company”) announces a strategic update for its wholly owned subsidiary Smoltek Semi AB. Smoltek Semi develops CNF-MIM – a proprietary capacitor technology based on carbon nanofibers, which is intended to meet the demands of next-generation electronics, including applications in AI, smartphones and automotive electronics. The full strategic update is available on Smoltek’s website under the “Investors” tab.

Smoltek Semi’s CNF-MIM capacitor technology offers up to 50 percent higher capacitance density compared to existing solutions. The technology is scalable, cost-effective and compatible with multiple substrate types – including silicon, glass and aluminum – and is being developed in close collaboration with leading players in the semiconductor ecosystem, including ITRI and Tong Hsing in Taiwan.

Smoltek Semi has a business model based on license revenues, advance payments, royalties and technical support, which reduces the need for large investments in its own production. The advanced capacitor market is estimated to be approximately SEK 20 billion by 2025, with an annual growth rate of 5–8 percent[1].

The core of Smoltek's business model is a strategic competitive advantage in the form of 30–40% lower estimated manufacturing costs. This enables significant value creation for both industrial partners and Smoltek in both the short and long term[2].

During the period 2025–2026, Smoltek Semi plans to carry out several important activities, including technical validation of the Gen-One technology generation, customer evaluations, and initial discussions regarding future licensing agreements with industrial partners.

Smoltek is considering the possibility of a spin-off or separate listing of Smoltek Semi AB in the long term, as part of maximizing value for its shareholders.

Read the full update at: www.smoltek.com/investors/en: Unleashing performance for semiconductor – Smoltek Semi, Strategic Update 2025.

[1]The assessment is based on the Silicon Capacitors Market Report 2023–2028, Research and Markets (2023).

[2] Based on our own business case and calculations, the technology shows strong financial potential for licensees: positive cash flow within 36 months of production start and gross margins increasing from approximately 20% initially to over 40% at mature production. Assuming production starts in 2028 and scales up to 550 million capacitors annually by 2031, a gross margin of 20% and positive cash flow of USD 3.6 million is estimated for that year. The manufacturing cost per unit is expected to decrease from USD 0.42 in 2031 to USD 0.21 in 2040.

Smoltek Nanotech Holding is a technology company that provides a technology that enables the production of conductive nanostructures on various materials. The company's nanostructure manufacturing technology can be used in several industrial sectors. Customers are found in the global process industry and semiconductors. The products that the company develops are used in equipment for the production of fossil-free hydrogen and in semiconductors to further miniaturize microchips. Smoltek protects its unique carbon nanotechnology through an extensive patent portfolio consisting of more than 110 applied for patents, of which 96 are currently granted. The company's share is listed on the Spotlight Stock Market under the short name SMOL. Smoltek is a development company and forward-looking statements regarding time to market, production volume and price levels are to be interpreted as forecasts and not commitments.

For further information:
Magnus Andersson, CEO of Smoltek Nanotech Holding AB
Email: magnus.andersson@smoltek.com
Phone: +46 317 01 03 05
Website: www.smoltek.com/investors

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