Magnus Andersson, who is already well-versed in the business after working with financing, business development and strategic initiatives at Smoltek for the past year, succeeds Håkan Persson, who is retiring but will remain as senior advisor during a transition period.

Magnus Andersson has over 25 years of international experience in corporate acquisitions, business development and leadership in technology-driven growth companies, primarily in the energy sector, where he also acts as an energy expert. During the past year, he has worked closely with Smoltek as an advisor with a focus on strategy, business development and financing. His expertise in strategic growth and commercialization makes him well-suited to lead Smoltek into the next phase.

Magnus Andersson will take over as acting CEO (tp. CEO) as of June 1, 2025.

"The appointment of Magnus Andersson as new CEO signals Smoltek's transition to a commercial phase with a focus on licensing deals and strategic partnerships", says Chairman of the Board Per Zellman.

He continues: "The company's ambition is to become a technological world leader in ultra-thin capacitors and electrodes for green hydrogen. We see great potential to reach a billion-dollar valuation within a few years. Magnus has both the experience and commitment required to realize this value."

"I am honored and enthusiastic about taking over as CEO in this crucial phase", says Magnus Andersson.

Magnus Andersson elaborates: "I have gotten to know Smoltek's employees over the past year and know what fantastic expertise and innovative power there is in the team. With increasing market interest, strong technical validation and several ongoing licensing dialogues, we are well positioned to generate revenue and create shareholder value already this year".

Håkan Persson has been CEO of Smoltek since October 2021 and has been central to Smoltek's development. Under his leadership, the company has taken the step from advanced research to a position ready for industrialization and commercialization together with strategic partners. The board thanks Håkan for his significant contributions and welcomes his continued support in the role as advisor and shareholder.

Investor presentation, May 8, 2025 
The company invites you to a webcast investor presentation today at 2:00 PM, where the strategy for the company's next phase will be presented, and questions will be answered.

Time: May 7, 2025, at 14:00 
Link: http://www.finwire.tv/webcast/smoltek/live/

For further information, please contact: 
Per Zellman, Chairman of the Board 
Email: investor.relations@smoltek.com 
Phone: 031-701 03 05 
Website: www.smoltek.com/investors/en

Magnus Andersson, CEO (as of June 1, 2025) 
Email: investor.relations@smoltek.com 
Phone: 031-701 03 05 
Website: www.smoltek.com/investors/en