Climate Change Data

Environmental Metrics

Social Achievements

• The Smoltek team continues to grow with eight new recruitments in 2022, bringing the total number of employees to 20.

Climate Goals & Targets

Environmental Challenges

• Risks related to technological development in the technologically intensive and rapidly developing semiconductor and hydrogen industries.
• Risks related to sales and license and collaboration agreements, including dependence on milestone payments.
• Dependence on key persons and employees.
• Competition from larger companies with greater resources.
• Risks related to product liability and lack of product quality.
• Risks related to intellectual property rights, know-how, and confidentiality.
• Financial risks, including earnings power and future capital needs.
• Risks associated with dilution in future issues.
• Share price development, volatility, and liquidity.
• Risks of ownership concentration.

Mitigation Strategies

• Continued R&D advances in semiconductors and hydrogen.
• Collaboration agreements with industrial partners.
• Recruitment and retention of qualified personnel.
• Industrialization and commercialization of products.
• Protection of intellectual property rights.
• Rights issue to secure additional capital.
• Collaboration with DC Advisory for increased global presence.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Ultra-thin capacitors for mobile phones
• High-performance cell material for electrolyzers

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Smoltek Hydrogen investigated the possibility of growing carbon nanofibers using a hydrogen-based process instead of today's ammonia-based process. This could lead to a more environmentally friendly manufacturing process.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Termination of contract negotiations with Yageo for a global exclusive license and service agreement for discrete and embedded capacitors.
• Need to re-evaluate strategy for business and how to create financial stability in taking technology to market.

Mitigation Strategies

• Initiated a bidding process for interested parties for potential sale of all or parts of the business operating subsidiaries Smoltek Semi AB (semiconductor) and Smoltek Hydrogen AB (hydrogen), or concepts and intangible assets within the respective business area.
• Carried out a rights issue, adding around SEK 22 million in new capital to the company.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CNF-MIM capacitors
• Nanofiber-based cell material for PEM electrolyzers

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Development

Environmental Achievements

• Smoltek's technology contributes to reducing greenhouse gas emissions, making industries and infrastructure more sustainable, and securing access to sustainable energy.
• Smoltek Hydrogen successfully grew carbon nanofibers (CNF) over an A4-sized surface, a significant technological breakthrough for scaling up industrial production of porous transport electrodes for PEM electrolyzers.

Social Achievements

• Implemented significant cost savings, reducing monthly costs from SEK 4.8 million to SEK 3.4 million.
• Collaboration with SparkNano for corrosion protection of carbon nanofibers.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Terminated development agreement with Yageo, resulting in decreased net sales.
• Investors demanding clearer technical verification and shorter "time-to-revenue".

Mitigation Strategies

• Implemented cost savings.
• Seeking strategic partners to contribute capital and industrial expertise to accelerate commercialization.
• Conducting a capital market day to present an update of the overall business strategy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

Smoltek's technology contributes to these goals through the development of more energy-efficient and sustainable products and processes.

Sustainable Products & Innovation

• Porous Transport Electrode (PTE) for PEM electrolyzers
• CNF-MIM capacitors

Awards & Recognition

• Not disclosed