SFC Energy: EFOY Pro fuel cell order from new Oil & Gas customer

DGAP-News: SFC Energy AG / Key word(s): Incoming Orders

27.11.2017 / 07:30
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Press Release

SFC Energy: EFOY Pro fuel cell order from new Oil & Gas customer

- EFOY Pro fuel cells deliver reliable, weather independent off grid-power to the customer's control and monitoring equipment all across Canada.

- Fuel cells ensure autonomous 24/7 operation of the systems while significantly reducing logistics and service cost.

- The fuel cell's environmental friendliness was a strong additional decision criterion.

Brunnthal/Munich, Germany, November 27, 2017 - Simark Controls Ltd., a subsidiary of SFC Energy (F3C:DE, ISIN: DE0007568578), leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a new EFOY Pro fuel cell order from a new major energy customer: The Canadian oil & gas producer will use the fuel cells to power their off-grid control and monitoring equipment throughout Canada. The order amounts to approx. CAD 0,4 million.

In the past, the oil producer had to use standalone solar modules or thermoelectric generators (TEGs). Both technologies have serious disadvantages in cold temperatures and harsh weather conditions which can result in power interruptions and system downtime. SFC's hybridized solar/fuel cell power systems eliminate these reliability issues and provide a robust, streamlined solution for dependable 24/7 asset operation regardless of weather conditions.

"The performance and dependability of our hybrid fuel cell systems are only two reasons why we won this order. Cost savings and environmental friendliness are just as important," explains Derek L'Hirondelle, Vice President Instrumentation, Automation & Energy at Simark Controls. "With the fuel cell, operators of off-grid equipment can reduce their yearly OPEX costs by up to 90 %, due to the reliability of our product and the very high energy density and efficiency of the fuel. And our fuel cell solution is also super eco-friendly: It produces no harmful emissions, compared to TEGs."

Simark delivers the EFOY Pro fuel cell in a variety of fully integrated plug & play hybrid solutions, engineered to customer specifications. Top sellers in the Simark portfolio are customized EFOY ProCabinets for stand-alone operation of remote SCADA, wellhead or telecommunication tower equipment, and mobile EFOY ProTrailers for security, surveillance and public events applications.

"We are very proud to have won another new Oil & Gas customer," says Dr. Peter Podesser, CEO of SFC Energy. "This new order clearly demonstrates the many performance, environmental, and logistics benefits our hybrid fuel cell systems bring to remote oil & gas operations. Based on the increasing momentum of the industry, we expect further acceleration of interest in our fuel cell solutions."

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 Simark Controls 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. 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 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 38,000 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: [email protected]

27.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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