During 2022, Smoltek has achieved significant progress in its semiconductors business area. This applies to both development of the company's capacitor technology and the start of development of engineering samples of a first capacitor product together with its partner
"Within the semiconductors business area, we will in 2023 have full focus on achieving all milestones for the first phase of the MoU, the joint development agreement (JDA) between our group company Smoltek Semi and a subsidiary of
The prospects are very good that the joint venture company will be able to establish itself as a significant commercial player and reach substantial market shares with several capacitor products.
Updated strategic objectives
Overall progress in the business area
In 2022,
The road to market
Smoltek is now conducting intensive technical development at the same time as technical and commercial analysis is carried out in dialogue with
By being in control of the entire chain, from product development to global sales, the volume production can be scaled up at an optimal rate. This translates into a significant risk minimization combined with higher cost efficiency.
Carbon growth tool
The industrial machine for large scale manufacturing of carbon nanofibers, which has been ordered by Smoltek, is under development and will be delivered in 2023.
Recruitments
The recruitment plan has been adjusted to take into account an increased focus on technical development and technical and commercial analysis of additional potential products and market segments, and recruitment has been completed for several positions.
Objectives
The objective is to reach a sales volume of at least 400 MSEK for the business area in 2027 which corresponds to a market share of approximately 20% within the first announced market segment*. The goal is to gradually scale up the sales volume by adding more products within the product family of ultra-thin capacitors. If the joint venture company with
Timeline for strategic objectives
The above illustration shows the overall process for developing, validating and scaling up ultra-thin capacitor products to volume production.
Summary of strategic objectives and potential sales volume
Smoltek's updated strategic objectives for the business area can be summarized as follows:
- In 2023: Achieving all milestones in the Joint Development Agreement with
YAGEO required to reach the next phase: to form a joint venture company for volume production and global sales. -
In 2023-2024: Form a joint venture company with
YAGEO and manufacture prototypes (engineering samples) of the first product. -
During and after 2024: Continuously productize and scale up, volume manufacture and sell several products (including not yet announced) with
YAGEO and reach a significant market share by expanding into several segments. - Sales volume objective: Smoltek deems it as possible to reach a sales volume for the first product of at least 400 MSEK in 2027, and then successively multiply the sales volume by adding more products within the family of ultra-thin capacitors.
* Refers to decoupling capacitors for application processors in mobile phones. See the press release published on
For further information
Håkan Persson, CEO of
E-mail: hakan.persson@smoltek.com
Phone: +46 760 52 00 53
Website: www.smoltek.com/investors
Smoltek develops process technology and concepts to solve advanced materials engineering problems in several industrial sectors. The company protects its unique carbon nanotechnology through an extensive patent portfolio, consisting of around 100 applied for patents, of which 77 have been granted. Smoltek's share is listed on
https://news.cision.com/smoltek-nanotech-holding-ab/r/smoltek-updates-on-the-company-s-strategic-objectives-for-the-semiconductors-business-area,c3711874
https://mb.cision.com/Main/16786/3711874/1837985.pdf
https://news.cision.com/smoltek-nanotech-holding-ab/i/3711874-0-jpeg,c3142577
(c) 2023 Cision. All rights reserved., source