SFC Energy Announces CAD 1.3 million (EUR 0.9 million) purchase order from major international oil & gas producer


SFC Energy AG / Key word(s): Miscellaneous

2015-08-10 / 07:30


SFC Energy AG - Corporate News

SFC Energy Announces CAD 1.3 million (EUR 0.9 million) purchase order from major international oil & gas producer

- Order received by SFC Energy's Canadian subdivision Simark Controls, an established supplier of high quality integrated solutions for the oil & gas industry worldwide

- Order amount: CAD 1,3 million (EUR 0.9 million)

- Project timeline for delivery is late 2015

Brunnthal/Munich, Germany, and Calgary, Canada, August 10, 2015 - SFC Energy AG (F3C:DE), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, today announced the receipt of a CAD 1.3 million (EUR 0.9 million) purchase order from a major international oil producer by SFC Energy's Canadian subdivision Simark Controls Ltd. (Simark). With this order Simark, an established supplier of high quality custom integrated and manufactured solutions to the international oil & gas industry, continues to demonstrate growth in value added integration services offered to the oil and gas business sector in North America.

The purchase order scope of supply consists of a Variable Frequency Drive (VFD) electrical house for submersible pumps (ESPs). Based on their long, established integration expertise, Simark will supply the electrical house complete with VFD, transformer platform, all associated electrical Installation and wiring, as well as all associated components needed for unattended pump operation in any weather. Benefits enabled by Simark's integrated VFD electrical house solution are significantly improved pump uptimes as well as optimized pump operation and oil production.

Simark Controls will provide product design, manufacturing, integration services, project management, factory acceptance and commissioning services for this project. The project timeline for delivery is late 2015.

Simark will integrate the new electrical house VFD system design to become a basis for their standard product offering to encourage other oil producers to utilize the technical expertise and the resulting oil and gas production advantages of Simark's value added services and products.

Dr. Peter Podesser, CEO of SFC Energy, stated, "We are very proud to have received this order by a major oil producer. It is another example of our strong systems integration expertise translated in a high quality, high reliability systems solution to customer specification. It is our mission at SFC Energy to provide optimum product solutions for any challenging application scenario in the oil & gas industry."

Additional information on SFC Energy's off-grid power portfolio for the oil & gas, security & surveillance, traffic, environmental and other industries where reliable stationary and mobile off-grid power is required is available at www.sfc.com and www.efoy-pro.com. Additional information on the full portfolio of Simark products for the oil & gas industry at www.simark.com.

About Simark Controls Ltd.
Simark is a subdivision of SFC Energy AG with headquarters in Calgary, Canada. The company is a dedicated, responsible, reliable and cost effective source for Pad Mount Electrical House ESP VFD Systems to the oil and gas industry.

About SFC Energy Group
SFC Energy AG (www.sfc.com) is a leading provider of hybrid solutions to the stationary and portable power generation markets. SFC is the number one supplier of fuel cells, with over 33,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil & Gas, Security & Industry and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada, and sales offices in the U.S and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN: 756857 ISIN: DE0007568578).

SFC Energy AG
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: ir@sfc.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 89827227;
Email: sh@crossalliance.de





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