Smart Wires Extends Commercial Offering by Partnering with Software Provider Operato

SMART WIRES EXTENDS COMMERCIAL OFFERING BY PARTNERING WITH SOFTWARE PROVIDER OPERATO

August 10, 2022

Smart Wires Technology Ltd (“Smart Wires”) today announced a new agreement with Operato d.o.o. (“Operato”) to act as a re-seller for Operato’s SUMO Dynamic Rating System. This compliments and strengthens Smart Wires’ existing offering to help grid operators meet the demands of renewable energy adoption and demand-side electrification with advanced data analytics, system modeling and power flow optimization.

Powerful synergies exist between these technologies. Power flow control (Smart Wires existing offering)  maximizes the use of  grid capacity by redirecting power flows to underutilized lines. A dynamic rating system (Smart Wires new offering) uses weather data to find and quantify situations where even more additional capacity might be available. The combined application of these two technologies creates a multiplier effect which enables much more renewable energy to flow on the existing grid infrastructure. The total available market for dynamic rating systems and the additional power flow control technology required to fully leverage the newly identified circuit capacity is estimated at $10B per annum.

“Smart Wires teaming up with Operato significantly strengthens our current commercial offering by combining modelling, analytics, power flow control and dynamic ratings,” said Peter Wells, Smart Wires CEO. “This partnership creates a high-impact value proposition for our customers.”

There is growing industry agreement on the importance and criticality of leveraging dynamic ratings for lines and other electric system equipment to improve system safety and efficiency. Earlier this year, FERC (the national regulator for electric utilities in the US) opened a notice of inquiry on dynamic line ratings which seeks guidance on a threshold for transmission lines to qualify for a dynamic line rating requirement.

Andrej Souvent, Operato CEO, commented, “We are one of the industry leaders in the Dynamic Ratings space in Europe with technology proven on live utility systems for over 10 years. Partnering with Smart Wires will accelerate our growth, as Smart Wires has a demonstrated global track record of working with utilities to solve complex challenges on the grid by getting more from today’s infrastructure.”

 

CONTACTS

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 (901) 687-8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

 

ABOUT SUMO

SUMO is an indirect dynamic rating system. This software-based offering with an optional hardware component provides system-wide visibility of lines, transformers and other network equipment in real-time and for future forecasts. Electricity system operators use insights from SUMO to optimize network operation, increase grid capacity and improve operational safety. Since no hardware is required, SUMO can be deployed faster and at a lower cost compared to traditional dynamic rating technologies.

 

ABOUT OPERATO

Operato is a subsidiary of ELES Group which is controlled by the Slovenian transmission system owner and operator ELES d.o.o. Operato is a Grid Enhancing Technology provider with a mission to empower power system operators with efficient solutions that follow green transformation principles and are based on the experience and know-how of an innovative TSO.

 

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Invitation to Smart Wires’ Q2 2022 Conference Call on August 11

Invitation To Smart Wires Technology Ltd Presentation Of The Q1 2022 Interim Report

August 4, 2022

Smart Wires Technology Ltd (“Smart Wires”) publishes its Q2 2022 report on 11 August 2022 at 07:30 CEST. The company will hold a conference call and online presentation on the same day at 15:00 CEST. The call will be hosted by CEO, Peter Wells, and CFO, Julie Andrews. The presentation will be in English and followed by a Q&A session.

The webcast will be held via the following link: https://tv.streamfabriken.com/smart-wires-q2-2022. The presentation material will also be available on Smart Wires’ website https://www.smartwires.com/investors/financial-reports-presentations/.

Teleconference numbers for the call are:

SE: +46850558366

UK: +443333009271

US: +16467224957

 

FOR MORE INFORMATION, PLEASE CONTACT:

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 901 687 8314

 

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

 

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Invitation to Smart Wires Technology Ltd presentation of the Q1 2022 Interim Report

Invitation To Smart Wires Technology Ltd Presentation Of The Q1 2022 Interim Report

May 2, 2022

Smart Wires Technology Ltd (“Smart Wires”) publishes its Q1 2022 Interim Report on 12 May 2022. In connection with the publication, Smart Wires invites you to a webcast on the same day at 09:00 CET. The presentation will be held in English by Peter Wells (CEO) and Julie Andrews (CFO), followed by a Q&A session.

The webcast will be held via the following link: https://tv.streamfabriken.com/smart-wires-q1-2022. The presentation material will also be available on Smart Wires’ website https://www.smartwires.com/investors/financial-reports-presentations/.

Teleconference: Dial-in number SE: +46856642706 UK: +443333009262 US: +16467224903

FOR MORE INFORMATION, PLEASE CONTACT:

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 901 687 8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.

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Invitation to Smart Wires Technology Ltd presentation of the Q4 2021 Interim Report

Invitation To Smart Wires Technology Ltd Presentation Of The Q4 2021 Interim Report

March 18, 2022

Smart Wires Technology Ltd (“Smart Wires”) publishes its Q4 2021 Interim Report on 24 March 2022. In connection with the publication, Smart Wires invites you to a webcast on the same day at 15:00 CET. The presentation will be held in English by Peter Wells (CEO) and Julie Andrews (CFO), followed by a Q&A session.

The webcast will be held via the following link: https://tv.streamfabriken.com/smart-wires-q4-2021 . The presentation material will also be available on Smart Wires’ website https://www.smartwires.com/investors/financial-reports-presentations/.

Teleconference: Dial-in number SE: +46856642705 UK: +443333009271 US: +16467224957

FOR MORE INFORMATION, PLEASE CONTACT:

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 901 687 8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.

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Smart Wires To Present At Redeye’s Future Powergrid Seminar

Smart Wires To Present At Redeye’s Future Powergrid Seminar

February 7, 2022

Smart Wires Technology Ltd. (NASDAQ 1st North: GOGRID-SDB.ST), a global power technology company that is advancing the delivery of affordable, clean electricity worldwide announced today that Peter Wells, Smart Wires CEO will present at Redeye’s Future Powergrid Seminar on Wednesday, February 9th at 12:15 pm (CET).  

A live broadcast of the presentation, as well as a replay of the event will be available via the following link:  https://www.redeye.se/events/825266/redeye-theme-future-powergrid

The presentation will also be made available at: https://www.smartwires.com/investors/financial-reports-presentations/

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.

CONTACTS

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 (901) 687-8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

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Joanna Lohkamp and Sharon L. Cohen Appointed as Board Members by Smart Wires

Joanna Lohkamp and Sharon L. Cohen Appointed as Board Members by Smart Wires

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SINGAPORE, SOUTH KOREA OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

August 17, 2021

Smart Wires Technology Ltd. (“Smart Wires”) has today appointed Joanna Lohkamp and Sharon L. Cohen to its Board of Directors. These new appointments fill the vacancies created following the planned resignation of former Board Members, Jay Schmelter and Steve Specker.

Smart Wires’ Board of Directors is structured with a three-year rotation plan. Annually, one third of the Board will resign and be replaced by candidates identified and recommended by the Company’s Nomination and Governance Committee.  The resignations and appointments announced in this release represent the first annual planned rotation, with the next rotation expected during the Company’s second year on the Nasdaq First North Growth market.

Joanna Lohkamp is a seasoned Board Director, qualified Financial Expert and NACD Board Leadership Fellow, with global operating experience across technology, manufacturing, and AEC (Architecture, Engineering and Construction) sectors. Joanna serves as Non-Executive Director and Audit Committee Chair of Woods Bagot Holdings Pty Ltd., a global architecture and design firm headquartered in Australia, and Director of NACD Northwest Chapter, a NACD chapter delivering world-class director education programs and networking events.

Joanna is also co-Founder and CEO of Better Boards Initiative, a nonprofit organization aimed at uncovering and leveraging the best practices of diverse boards. Her previous executive roles as CEO, President, Chief Financial Officer, and Chief Operating Officer span across high-growth Fortune 50, emerging and mid-market private companies.

Sharon L. Cohen is a results-oriented, resourceful business and legal professional, with extensive experience as a Board Member serving on Executive, Governance, Finance and Audit Committees in the nonprofit sector. Sharon is the Chair of a California-based foundation supporting education in a disadvantaged community, as well as a Director for the La Jolla Music Society, San Diego Volunteer Lawyers Program, and California Association of Women in Water, Energy and Environment.

Sharon is also Managing Attorney – Regulatory for San Diego Gas & Electric Company, a regulated public utility subsidiary of Sempra Energy, where she has held several legal, compliance and business leadership positions since joining the Sempra group of companies in 2000. Prior to joining Sempra, Sharon worked as a litigation attorney at Skadden Arps Slate Meagher & Flom LLP, an international law firm headquartered in New York.

“We welcome Joanna and Sharon to Smart Wires’ Board of Directors. These appointments significantly strengthen our regulatory, finance, accounting, growth, and strategy expertise, and complement the existing Board of Directors and Leadership team,” said Smart Wires’ CEO, Peter Wells.

“The strong business acumen, breadth of experience, and diverse perspectives that Joanna and Sharon bring to our Board will be extremely valuable at this exciting stage of our company’s journey,” he said.

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. 

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Smart Wires Receives Order of $15-17 M from National Grid Electricity Transmission for Extension of Existing Projects

Smart Wires Receives Order of $15-17 M from National Grid Electricity Transmission for Extension of Existing Projects

August 13, 2021

Smart Wires Technology Ltd. (“Smart Wires”) has received a Purchase Order from National Grid Electricity Transmission (“NGET”), under an existing Framework Agreement between the parties. The order has an approx. value of $15-17 M, and will be delivered to NGET in 2022.

NGET is already leveraging Smart Wires’ technology, SmartValve™, to maximise the use of their existing network across five circuits at three substation sites. The order of additional SmartValves builds on the existing SmartValve installations.

 

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

 

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.

 

 

 

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Julie Andrews from Wright Medical is Appointed as Chief Financial Officer of Smart Wires

Julie Andrews from Wright Medical is Appointed as Chief Financial Officer of Smart Wires

August 10, 2021

Smart Wires Technology Ltd (“Smart Wires”) has appointed Julie Andrews as Chief Financial Officer. Julie Andrews is a results-focused Senior Finance Executive with more than 20 years of financial leadership experience. She has a proven track record of leading and executing strategic initiatives including divestitures, mergers, acquisitions and business restructuring, developing high performing teams, and driving cultural transformation.

“I’m excited to join this exceptional global team, particularly at this massive inflexion point for strong growth and momentum in the company’s journey. I look forward to helping further strengthen our market position and contributing to Smart Wires’ goal of accelerating the energy transition"

Julie Andrews

Chief Financial Officer

Julie joins Smart Wires from Wright Medical where she spent eight years as Vice President Finance, Chief Accounting Officer and Senior Vice President Global Finance.

At Wright Medical, Julie successfully led the Finance function for the $1 B global business with oversight for all finance and accounting functions. Prior to Wright Medical, Julie spent almost 15 years at Medtronic holding positions of increasing responsibility within Finance.

“We are delighted to welcome Julie to Smart Wires,” said Smart Wires’ CEO, Peter G. Wells.

“Julie’s prior experience at Wright Medical will be extremely valuable to us as we continue to scale up our business and position Smart Wires for sustainable, rapid and profitable growth,” he said.

“Smart Wires is the leading power technology company in the clean tech sector,” Julie said.

“I’m excited to join this exceptional global team, particularly at this massive inflexion point for strong growth and momentum in the company’s journey. I look forward to helping further strengthen our market position and contributing to Smart Wires’ goal of accelerating the energy transition,” she said.

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.

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