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's activity report 2022

Main areas of activity, product and service groups of the company

Tallinn Electrical Engineering Factory "Estel" AS is a dynamically developing company that uses only the most modern technological solutions to satisfy the individual demands and needs of its customers.

The company develops, produces and sells a wide range of electrical converter technology and power semiconductor devices.

Thanks to its high scientific and technical potential, the company offers complex solutions - turnkey deliveries. Complete technical maintenance of the equipment, development of unique equipment according to the customer's special requirements.

The devices developed and produced by Tallinn Electrical Engineering Factory "Estel" AS are used in both power plants and air transport management and ensuring safety and energy saving. Considering the strict requirements in these areas, Tallinn Electrical Engineering

Factory "Estel" AS is at the top level compared to its competitors in Europe and the world and has earned the trust of many large companies with its stable high quality.

Significant activities during the reporting year and planned for the near future One of the most important events of 2022 was the successful participation of the company in the CERN project (The European Organisation for Nuclear Research) or

The European Organization for Nuclear Research is an international organization that manages the world's largest particle physics laboratory. Tallinn

Electrical Engineering Factory "Estel" AS is one of the first companies in Estonia after the country became a member of CERN, which won the tender for the supply of equipment to this organization. Eight high-tech converters were supplied for the power supply of the Large Hadron Collider, the largest charged particle accelerator. The cost of the equipment supplied during the implementation of the project amounted to 89,580 euros.

Considering its scientific and technical potential, the company pays a lot of attention to the development of new products every year, and also constantly participates in events organized by Estonian and EU research organizations. EAS (Enterprise Estonia) chose our company to participate

in the BSBF 2022 (Big Science Business Forum 2022) congress, which focuses on the cooperation of Europe's main research organizations and institutions related to the development of high technologies and industry. This allowed to establish partnership relations with leading European research organizations and to participate in various projects similar to CERN.

Taking into account the trends of society towards alternative energy, the company actively started working on "green" projects. In particular, a decision was made to join the Estonian Hydrogen Technologies Association to start developing hydrogen power sources. This work will continue in 2023.

In 2022, the company continued its active work in target markets. For example, in November 2022, we participated in the Saudi Airports Exhibition in Riyadh, Saudi Arabia. The Saudi Airports Exhibition has become the largest event dedicated to the development of Saudi Arabian airports, with thousands of industry representatives from around the world participating. As a result of this work, victories were achieved in several projects in the Middle East region, the implementation of which is planned for 2023-2024.

The company also continued its work in the traditional markets of EU countries, supplying products to countries such as Germany, Italy, Poland, Latvia and many others.

Among the work related to the development of our own products, it is worth noting the development of a universal control system, which is made on the basis of the most modern element and which significantly improved the consumer properties of the products and reduced their cost.

In 2023, the company plans to develop new products in the field of power semiconductor devices. A lot of preparatory work has been done to master technological processes, the most modern equipment has been selected and ordered. The start of serial deliveries of new semiconductor devices is planned for the 3rd quarter of 2023.

quarter.

In 2023, special attention is planned to be paid to work in the Asian market and specifically in China. The company will receive a compliance certificate, which will allow it to freely supply products in this market. The presence of qualified representatives, as well as negotiations with potential customers, inspire confidence in the achievement of all the set goals.

The company will continue to work in the markets of the Middle East, Kazakhstan, Central Asia and EU countries. It is planned to open company offices, create a network of distributors.

Traditionally, it is planned to participate in several exhibitions and conferences in Germany, France, China, KSA, Kazakhstan in various areas of the company's activities.

Along with expanding the range of semiconductor devices produced, the company has set the following goals: - development and production of the most modern power source for powering aircraft batteries. There is a high demand for this product in today's conditions and market requirements, it has great potential, and agreements have already been concluded with several customers for the supply of this equipment;