Cell Impact

The development of Cell Impact's production capacity and capabilities continued in 2024. During the year, the company introduced new technologies for sealing, welding, and punching. With the new processes operational, the company is approaching a production cycle of one bipolar flow plate per second.

The position that Cell Impact have created is unique in three ways:

• the forming technology Cell Impact Forming™ is scalable, resource-efficient and cost-effective
• the plant in Karlskoga is ready for high-volume production - and has already delivered millions of flow plates
• a flexible business model allows the company to produce flow plates in its own factory or near the customers' factories.

Despite a cautious market, the company signed several agreements during the year.

"We signed an agreement with a new European customer in the electrolysis field, and another new area was the delivery of titanium flow plates. In addition, during the year we received an order for tool prototypes from a leading European industrial supplier in the automotive sector, and several deals of various sizes from leading global Japanese companies through our partner F.C.C.," said Daniel Vallin, CEO of Cell Impact.

"Still, the market has not recovered to the extent we would have liked. The savings programs that have been implemented is an adaptation to the new conditions, and our organization and operations now better reflect the level of activity in the market," said Daniel Vallin.

The low volume of orders seen at the end of 2024 continued into early 2025. Should the trend of a lower-than-anticipated order intake continue, the company will require additional financing, which is noted in the audit report under the section 'Material uncertainty related to Going concern". The Board and the management team are working continuously to secure short term and long-term financing.