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12 Sep 2017

Canadian subsidiary Simark Controls receives new CAD 1.25 million order

Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received major orders for their proprietary Variable Frequency Drive systems (VFDs) from a new customer in the Alberta oil sands. The orders amount to approx. CAD 1.25 million.

Brunnthal/Munich, Germany, Sept 12, 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 major orders for their proprietary Variable Frequency Drive systems (VFDs) from a new customer in the Alberta oil sands. The orders amount to approx. CAD 1.25 million.

The VFD Systems operate electric submersible pumps (ESPs) used to artificially lift heavy oil from the well-pads. The VFD’s unique installation and operations benefits significantly reduce 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 large oil & gas client”, says Martin Curtis, President and General Manager of Simark Controls. “They have selected our custom integrated systems because they have an excellent industry reputation for bringing speed, reliability, precision, and major cost savings to oil and gas production.”

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 AG

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 65,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, Canada and India. SFC Energy AG is listed on the Deutsche Boerse Prime Standard and has been part of the selection index SDAX since 2022 (GSIN: 756857 ISIN: DE0007568578).