Press release

BRUNNTHAL/MUNICH, Germany — Jan. 12, 2009 — SFC Energy AG, a leading supplier of fuel cell products for mobile and off-grid power applications, announced today that Mark Hashemi has been named vice president/sales, a new position at SFC. He will be responsible for global sales for the EFOY and SFC fuel cell products and solutions in the SFC business units leisure (motor homes, boats, cabins), industry (professional off-grid applications) and mobility (light electric vehicles).

By creating the position of a vice president/sales, SFC has achieved another important milestone in its expansion into new applications and new regions, and has further strengthened the company’s sales organization.
Hashemi has more than 25 years of management experience in technology companies in the U.S. and in Europe. Most recently, he served as corporate senior vice president of Oerlikon Corp. AG and managing director of Oerlikon Germany Holding GmbH. Hashemi has a bachelor of science degree in electrical and electronics engineering from California State University, Sacaramento, CA, USA.

“We are proud to announce that Mark Hashemi has joined SFC in this new position of vice president/sales,” said Dr. Peter Podesser, CEO of SFC Energy. “His deep and broad experience in building and leading global sales and marketing organizations will be of major value for the continued growth of our company. SFC fuel cells are fast becoming the off-grid power supply of choice in more and more markets and applications and Mr. Hashemi will play a major role in promoting SFC’s growth in new markets.”

“I am very much looking forward to this new opportunity and to working with the SFC team,” Hashemi said. “It is a wonderful task to promote an exciting, innovative technology that not only offers a decisive USP but is also environmentally friendly and sustainable. These are especially important features of SFC’s fuel cells and they are in full harmony with my personal belief in promoting clean energy.”

SFC develops and sells the successful family of EFOY fuel cells for consumer and leisure applications, the EFOY Pro Series for professional users and industrial and mobility applications; and a range of portable and mobile fuel cell systems for the defense markets. The company’s M-25 and JENNY fuel cells won first and third place, respectively in the 2008 Wearable Power Prize Competition of the U.S. Department of Defense. SFC has approximately 100 employees at its corporate headquarters near Munich, Germany. In 2008, SFC opened a sales subsidiary in the U.S.

About SFC Energy AG
SFC Energy AG (www.sfc.com) is market leader in fuel cell technologies for mobile and off-grid power applications serving the leisure, industrial and defense markets.  As one of Germany’s technology pioneers, SFC has won numerous innovation awards.  SFC has alliances with leading companies in a wide range of industries.  Unlike most other fuel cell manufacturers, who are in the research and development phase or run subsidized demonstration projects, SFC has shipped 10,000 fully commercial products to industrial and private end users for more than four years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified. SFC is based in Brunnthal, Germany, and has a U.S. sales and technical service office in Atlanta.