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Press release October 26, 2023

Exeger announces strategic collaboration with 3M to enhance worker safety equipment with self-charging technology

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– Exeger enters a strategic collaboration to integrate Powerfoyle solar cells into an array of 3M products.

– Quality, durability, and sustainability are key factors for choosing Powerfoyle.

– First product on the market in 2024

OCTOBER 26, 2023 – STOCKHOLM, SWEDEN – Swedish deep tech company Exeger today announces its collaboration with 3M Company (3M) (www.3m.com), to advance worker safety and connectivity through cutting-edge self-charging technology.

With sustainability as a key pillar for the collaboration, Exeger and 3M will incorporate a clean power source directly into products used by millions of people globally with initial focus on the worker safety category. By using solar power, users no longer have to charge their devices using electricity or use disposable batteries that often end up in landfills.

Beyond sustainability, Exeger and 3M share a core focus on durability and quality. Powerfoyle is unique in its ability to efficiently convert any light into energy to continuously power any device. It is the world’s most durable solar cell and undergoes rigorous testing to enhance its longevity and resistance to wear and tear. In addition, Powerfoyle is flexible and the only fully customizable solar cell, allowing customers to seamlessly integrate a power source directly into their products without compromising on design.

The solar cells are manufactured in two factories in Sweden with a combined annual capacity of 2,5 million square meters when fully scaled, using clean energy and emitting no toxic emissions. Powerfoyle is non-toxic and made from abundantly available raw materials.

“Our collaboration with Exeger will amplify our design pillars of sustainability and simplicity as we continue to offer best-in-class personal protection and productivity.”

Peter Berghamn, Business Director of 3M Peltor

Giovanni Fili, CEO and founder of Exeger, comments, “This is a transformative collaboration, marking a significant milestone for Exeger. Joining forces with 3M, one of the most influential brands in the industry, is a testament to the immense value our technology brings. Our revolutionary solar cell, Powerfoyle, stands out for its exceptional durability, surpassing industry standards and even approaching military-grade robustness. This further reinforces our unwavering dedication to delivering state-of-the-art, long-lasting solutions that seamlessly integrate into people’s daily lives.”

“At 3M, we are constantly exploring and evaluating new technologies that will add value for our customers,” said Peter Berghamn, Business Director of 3M Peltor. “Our collaboration with Exeger will amplify our design pillars of sustainability and simplicity as we continue to offer best-in-class personal protection and productivity.”

Together, Exeger and 3M are set to redefine the way people interact with technology by offering self-powered, environmentally friendly devices. For enterprises using 3M’s solutions for their workforce, introducing maintenance-free products increases productivity and safety while decreasing cost of ownership. The combination of Exeger’s light-harvesting technology and 3M’s century long track-record of innovation and quality, creates an unparalleled opportunity to revolutionize the way devices are powered worldwide.

Additional information regarding Exeger’s and 3M’s collaboration will be shared later this year, and the first product will be launched in 2024.

About Exeger

Exeger is a Swedish company with a unique solar cell technology that converts all forms of light into electrical energy. This material, Powerfoyle, is the world’s only fully customizable solar cell. With its superior design properties, it can be integrated seamlessly into any electronic device.

Powerfoyle enhances every product it is integrated into with extended or even unlimited battery life, putting the power of cutting-edge solar cell technology directly in the hands of people. Exeger is leading the way to energy independence through more sustainable and user-friendly products – with the vision to touch the lives of a billion people by 2030.

About 3M

3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas, and science to reimagine what’s possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we’re working to improve lives and make what’s next at 3M.com/news.

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Published October 26, 2023