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12 Sep 2017, Investors, Press Release

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 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.

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).