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16 May 2017, Investors, Press Release

Canadian subsidiary Simark Controls receives CAD 1.4 million follow up order from Oil Producer

Simark Controls Ltd., a subsidiary of SFC Energy, has received a major follow-up order for their proprietary Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order amounts to approx. CAD 1.4 million. This is a new order by the same oil producer who had already placed a CAD 2.0 million order for the same systems earlier this year.

Brunnthal/Munich, Germany, May 16, 2017 – Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a major follow-up order for their proprietary Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order amounts to approx. CAD 1.4 million. This is a new order by the same oil producer who had already placed a CAD 2.0 million order for the same systems earlier this year.

The VFD Systems are designed and manufactured by Simark Controls to operate electric submersible pumps (ESPs) used to artificially lift heavy oil from the client’s Northern Alberta well-pad locations. The client selected Simark Control’s VFD Systems, because their unique installation and operations benefits significantly reduce the installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.

“We are excited to have won this new order so shortly after the first order”, says Martin Curtis, President and General Manager of Simark Controls. “This is clear proof that our customized systems deliver the operation advantages, performance benefits, and cost reductions the client had requested.”

Additional information on SFC Energy’s off grid power portfolio for security & safety, oil & gas, wind, traffic management, environmental and telecommunications applications at www.efoy-pro.com and at www.sfc.com. Additional information on the full oil & gas and industry product portfolio of Simark at www.simark.com.

About SFC Energy Group

SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).

About Simark Controls Ltd.

Simark Controls Ltd., a company of SFC Energy AG, is a service oriented, value added sales company specializing in custom integrated and manufactured solutions of high quality instrumentation, automation, energy and power products. Simark provides instrumentation & measurement systems, power components & drives, security & surveillance equipment for the oil & gas industry and mining, forestry & community supply markets. Simark is headquartered in Calgary, Alberta, with sales offices in Edmonton and Grande Prairie, Alberta, Saskatoon, Saskatchewan, Vancouver, British Columbia and Montreal, Quebec.