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2021-09-10

Smart Wires: SMART WIRES RECEIVES ORDER OF $23 - 20 million dollars FROM ISA TRANSELCA FOR PROJECT IN COLOMBIA

Smart Wires Technology Ltd ("Smart Wires") has received a Purchase Order from ISA Transelca for a grid expansion project in the Guajira - Cesar - Magdalena (GCM) region: FACTS devices to be installed in the Guajira - Santa Marta and Termocol (Bonda) - Santa Marta 220 kV circuits referenced in the Plan de Expansión de Referencia de Generación Transmisión 2020 - 2034 issued by the national planning agency (Unidad de Planeación Minero Energética) of the Energy and Mines Ministry in Colombia. The order will have a net revenue of approximately $23.3 - 20.0 million dollars and with energization date on Q3 2022.

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.

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.

Författare Cision

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