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The Group company Smoltek Semi has signed a Memorandum of Understanding (MoU) with a global manufacturer of capacitors for the joint development of Smoltek's ultra-thin CMF-MIM capacitors and, provided that the development goals are achieved, mass production and sales via a 50/50-owned joint venture.
The MoU also refers to the potential formation of a 50/50-owned joint venture which, if it is formed, will receive a license for mass production and sales of CNF-MIM capacitors in the discrete capacitors segment. The capacitor manufacturer has, in the event of the joint venture being formed, undertaken to take responsibility for the day-to-day operations of the planned joint venture, as well as to invest a total of 3.5 million USD in the development project, of which 1.5 million USD will be paid to Smoltek Semi when the planned Joint Development Agreement (JDA) for the initial part of the project has been signed.
“This agreement with a global capacitor manufacturer is a historic milestone for Smoltek. We now have a perfect partner in place to complete a competitive product and industrial mass production process for our ultra-thin CNF-MIM capacitors. Given that we succeed in this, the joint venture that we plan to start will have excellent conditions to take a significant share of the market for decoupling capacitors by utilizing our partner’s established network in the semiconductor industry. I am very proud of Smoltek’s entire team that has made it possible to take such an important step closer to our goal of becoming an innovative industrial company based on our patented nanotechnology platform,”says Smoltek’s CEO Håkan Persson
Smoltek Semi has been collaborating with a global manufacturer of passive components for the evaluation of Smoltek’s patented technology platform, which enables manufacturing of ultra-thin carbon nanofiber capacitors, since 2020. The evaluation license agreement for this collaboration has been gradually extended, most recently to the end of June 2022, with the purpose to reach an agreement on the terms of the MoU which has now been signed.
Read more about the agreement in the official press release.