Smart Wires Technology Ltd. suspended revenue guidance for the year 2022. The Company is suspending its revenue guidance as it continues to work through supply chain challenges. Specifically, production delays of printed circuit board assemblies have resulted in a shift in the delivery schedule of committed customer orders.

October 10, 2022Smart Wires Technology Ltd. and its operating subsidiary, Smart Wires Inc. (collectively, the Company) has engaged two advisors to explore strategic alternatives for the Company, including without limitation additional financing to address its liquidity, a business combination, and a sale of the Company.