SFC Energy: Canadian subsidiary Simark Controls receives new CAD 1.25 million order for their proprietary VFD systems

DGAP-News: SFC Energy AG / Key word(s): Sales Result

12.09.2017 / 07:30
The issuer is solely responsible for the content of this announcement.


SFC Energy AG - Press Release

SFC Energy: Canadian subsidiary Simark Controls receives new CAD 1.25 million order for their proprietary VFD systems

- Order placed by a new customer builds on the growing renown of Simark's custom integrated oil & gas solutions

- VFD systems help the oil producer to significantly reduce costs with unique installation and operations benefits.

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.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. (www.simark.com), 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. The Company is headquartered in Calgary, Alberta, with sales offices in Edmonton and Grand 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 hybrid solutions to the stationary and portable power generation markets. SFC is the number one supplier of fuel cells, with over 37,000 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 Press Contact:
Ulrike Schramm
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-377
Fax. +49 89 673 592-169
Email: pr@sfc.com



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