RELEASE: Cell Impact is one of the fastest growing tech companies in Sweden

KARLSKOGA, Sweden, Nov.

RELEASE: Cell Impact is one of the fastest growing tech companies in Sweden

KARLSKOGA, Sweden, Nov. 21, 2022 /PRNewswire/ -- The need for green technology that can solve the climate crisis has increased dramatically. This applies in particular to the demand for hydrogen technology. This has made Cell Impact, a global supplier of a key component for fuel cells, one of the fastest growing companies in Sweden.

It is Deloitte who is behind the Sweden Technology Fast 50. Since 2003, the company has ranked the 50 fastest growing private and public technology companies in Sweden. The winner will be announced on Thursday, November 24, and Cell Impact is one of the fastest growing 50.

"Cell Impact has experienced a strong increase in its turnover in recent years. We manufacture flow plates, which are a fundamental component for fuel cells and electrolyzers. Fuel cells provide energy without emissions, but water and electrolyzers they can run on renewable energy to create green hydrogen. Hydrogen is estimated to account for 28% of global energy needs by 2050 and is absolutely crucial for the green transition of the energy system," said Pär Teike, CEO of Cell Impact.

There is strong demand from existing Cell Impact customers, but there are also a number of policy initiatives, such as the EU Green Deal, that continue to drive demand for Cell Impact flow plates.

"We are responding to the biggest challenge in the hydrogen industry. We have a unique forming technique we call Cell Impact Forming™ that is cost-effective and scalable," said Pär Teike.

The final publication of the Sweden Technology Fast 50, which announces the ranking order, will take place next week with the winner announced on Thursday, November 24.

"It's always exciting to see which companies make it into the Sweden Technology Fast 50. As usual, the trends on this year's list reflect the changes we're seeing in society at large: for example, several medtech companies are represented and continues to pay attention to sustainability and green technology.We also see more industries than ever represented among this year's companies, and a range of innovative solutions to help manage the problems we face, both as a society and personally. ", said Ester Sundström, partner and head of Deloitte Sweden Technology Fast 50.

On the occasion of the Sweden Technology Fast 50, Cell Impact has produced a short film that describes the background of the rapidly increasing turnover of the company. The film is available at investor.cellimpact.com.

For more information, contact: Pär Teike, CEO 46 73-024 06 84 paer.teike@cellimpact.com

Acerca de Sweden Technology Fast 50

Sweden Technology Fast 50 recognizes the 50 fastest growing technology companies in Sweden. The ranking is based on revenue growth over the past four years and includes public and private companies across all technology fields, from software and hardware to life sciences, communications and cleantech. More information at fast50.se.

About Cell Impact

Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolysis manufacturers. The company has developed and patented a unique high speed forming method, Cell Impact Forming™, which is much more scalable and cost effective than conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical energy.

Cell Impact is listed on the Nasdaq First North Growth Market and FNCA Sweden AB is the company's Certified Advisor (CA). Contact information: 46 8-528 00 399 or info@fnca.se.

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