Press release

Brunnthal, Germany, July 7, 2008 – The Management Board of SFC Energy AG in coordination with the company’s Supervisory Board has decided upon a new allocation of its functions. The new allocation of functions applies with immediate effect.

Dr. Jens Mueller (35), up to now Chief Technology Officer (CTO) of SFC Energy AG becomes Chief Operating Officer (COO) with immediate effect. In addition to his hitherto functions, Dr. Mueller is now also in charge of the production department. Thus, Dr. Mueller heads the complete operations process with production, supply chain management, and logistics. He remains responsible officer for research and development, quality management and information technologies.

As before, sales and marketing, finance and controlling, human resources as well as strategy and communication are the responsibilities of the Chief Executive Officer (CEO) of SFC Energy AG, Dr. Peter Podesser (41).

“The new allocation of functions will create even more organizational clarity“, says Dr. Rolf Bartke, Chairman of the Supervisory Board of SFC Energy AG. “Focusing the operations responsibilities in Dr. Mueller’s hands will further increase the efficiency of SFC’s production, which already today operates according to automotive industry standards. At the same time capacities are created for further strengthening SFC’s penetration into the leisure, industry, defense and mobility markets under the direction of Dr. Podesser.“

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 9000 fully commercial products to industrial and private end users for four years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified.