SFC Energy AG enters into hydrogen technology - Development partnership and licensing agreement with adKor GmbH

SFC Energy AG / Key word(s): Alliance
SFC Energy AG enters into hydrogen technology - Development partnership and licensing agreement with adKor GmbH

22-Nov-2018 / 19:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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SFC Energy AG - Ad-hoc - ISIN DE0007568578

SFC Energy AG enters into hydrogen technology - Development partnership and licensing agreement with adKor GmbH

Brunnthal/Munich, Germany, November 22, 2018 - SFC Energy AG has signed a development partnership with adKor GmbH, Wildau, Germany. In the framework of their agreement, both companies will market the existing "Jupiter" series fuel cell products, and will together develop a new, powerful hydrogen fuel cell generation with energy management for power-intensive industrial off-grid and back-up applications. The cooperation will give SFC Energy access to an existing, hydrogen technology-based product portfolio as an addition to SFC Energy's own direct methanol fuel cell technology, midterm this will extend SFC Energy's power range up to 100 kW.

In the context of their agreement, both companies together will further develop the new hydrogen fuel cell generation and sell it to their individual core markets. SFC Energy will use its corporate technology expertise to optimize cost structures and operations of the new fuel cell generation, including power management. adKor will handle energy management and periphery development. In addition, adKor grants SFC Energy a non-exclusive license to IP rights of former FutureE, P21, and Heliocentris.

In a first step targets markets are critical infrastructure and back up scenarios. As the companies can build on a proven technology, SFC Energy expects a development time of only two years and significant development cost savings of approx. 50 % compared to a new development.

SFC Investor Relations
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: [email protected]
Web: www.sfc.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 898 27227
Email: [email protected]
Web: www.crossalliance.de


22-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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