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Press release October 27, 2023

Powerfoyle to be integrated into a product by one of the world’s top 5 brands

flexible Powerfoyle solar cells of different sizes and shapes

– One of the world’s top 5 brands is the newest Exeger customer.

– Product development has been initiated for a Powerfoyle-powered product with planned launch in 2024.

– Key factors for choosing Powerfoyle are design features, durability and quality.

OCTOBER 27, 2023 – STOCKHOLM, SWEDEN – Swedish deep tech company Exeger today announces they have signed a contract with a multinational technology company, ranked one of the world’s five most valuable brands by Interbrand. The company will integrate Exeger’s solar cell technology, Powerfoyle, into a product to offer their users the ultimate experience in convenience. Expected volumes in the first years are in the millions.

Exeger will provide their unique solar cell design and integration know-how to support the company in its manufacturing of a light-powered product, which is currently in development. The Powerfoyle powered product is planned to be on the shelves during 2024.

Powerfoyle is a solar cell technology that converts all forms of light into electricity to continuously power devices. It is the only fully customizable solar cell on the market. The ultra-thin solar cells and flexible design, will enable the multinational technology company to integrate self-charging capabilities into its products without compromising on visual aesthetics.

The solar cell is made from abundantly available raw materials, is environmentally friendly and non-toxic. The solar cells are manufactured in two factories in Stockholm, Sweden. These factories run on 100% renewable energy, emit no toxic emissions, and boast a combined annual capacity of 2.5 million square meters when fully scaled.

A wide variety of electronic products can benefit from Powerfoyle as an energy source, which can reduce or eliminate the need for conventional charging methods and disposable batteries. The now announced collaboration will strengthen Exeger’s position as a leading supplier of solar cells, as well as help its partner further advance their sustainability and innovation objectives.

Giovanni Fili, CEO and Founder of Exeger, comments, “This is a landmark partnership for Exeger, and the fourth major contract signed this year. Partnering with a world leading brand will propel Powerfoyle to become the power source of choice for many tech companies. This will significantly accelerate the adoption of Powerfoyle globally and contribute to making self-charging products the new standard for convenience and sustainability in the consumer electronics industry.”

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.

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Published October 27, 2023