STOCKHOLM, SWEDEN – October 11, 2024 – Exeger, the Swedish deep-tech company behind the revolutionary Powerfoyle™ solar cell technology, has announced a long-planned restructuring as well as a reduction of its workforce.
The reorganization is the natural next step in the pursuit of operational excellence and has been planned for twelve months. It is driven by Exeger’s evolution towards increased industrialization and automation to meet growing customer demand. Exeger has been producing Powerfoyle solar cells in both its factories since September 2023 and the company is continuously shipping solar cells to customers, including for the most recently announced second 3M hearing protector model.
On the back of signed contracts and customer forecasts, Exeger has successfully expanded manufacturing capacity by strengthening the production team and investing in machines and systems during 2024. The current capacity is sufficient to cater to short-term demand and reduces the immediate need for an additional shift and other upscaling activities. This results in twenty-five positions being made redundant in addition to the termination of twenty probationary employments, a net growth of approximately 10% compared to 2023.
Exeger is in the process of contacting all relevant unions to negotiate the structural change and redundancy.
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.
