SFC Energy: Details on major order of the Bundeswehr's Federal Office for Equipment, Information Technologies and Usage (BAAINBw), total order amount of EUR 3.6 million, received December 12, 2017
DGAP-News: SFC Energy AG / Key word(s): Miscellaneous
SFC Energy AG - Press Release
SFC Energy: Details on major order of the Bundeswehr's Federal Office for Equipment, Information Technologies and Usage (BAAINBw), total order amount of
- Background information on the ad hoc release of December 12, 2017.
- SFC Energy receives major order of the Federal BAAINBw defense office in the total order amount of EUR 3.6 million in December 2017, representing the biggest single order in company history.
- With this order, SFC Energy further expands international market leadership in autonomous energy solutions for defense applications.
Brunnthal/Munich, Germany, January 9, 2018 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, received a major order from the BAAINBw in December 2017, which is responsible for the procurement of all Bundeswehr material. The total order amount is EUR 3.6 million. The order represents the biggest single order in company history.
After first deployment of SFC fuel cells with the Bundeswehr in 2010, the BAAINBw is now equipping additional Bundeswehr units with SFC Energy's proven portable Energy Network.
The SFC Energy Network is an innovative, fully integrated power solution. It consists of the portable JENNY fuel cell, the SFC Power Manager, a specialized hybrid battery, a solar panel, and various accessories. The flexible high performance power supply enables operation of various consumers, e.g. radios, navigational equipment, night-vision equipment, laser range-finders, portable computers, and PDAs - when stationary and on the march.
In operation the SFC Energy Network features decisive benefits: It enables weight savings of up to 80 percent compared to conventional power solutions. With the SFC Power Manager, an intelligent voltage converter, almost any device can be flexibly powered from any available source, e.g. fuel cell, solar panel or battery. Different battery types can be charged on the move. Power supply and energy management are fully automatic, virtually silent, emission-free, and almost undetectable.
"With this repeat order of the BAAINBw for our SFC Energy Network we further expand our leading international position in mobile power solutions for defense applications", says Dr. Peter Podesser, CEO of SFC Energy. "We are very proud to have received this order. It clearly confirms the high maturity and reliability of our fuel cell products in operation. Ever since our foundation we have been developing, testing and integrating complete fuel cell power solutions with Bundeswehr energy experts, for added value in stationary, portable, vehicle based and covert defense applications. All our defense products reflect this consistent application focus."
The current order, the delivery of which is expected within the next three months, covers the first section of the Bundeswehr's defined requirements.
Strategically, this order is the result of many years of development cooperation. As such, it is an important milestone not only in the national defense market; it also acts as a clear signal for SFC Energy's international defense activities. With this order, SFC Energy further expands its strong market leadership in autonomous power supplies for defense applications.
Numerous international NATO and PfP defense organizations use SFC Energy fuel cell products. SFC fuel cell and accessory products carry a NATO stock number and are approved for air transport according to UN3473.
Additional information on the SFC Energy's off grid power portfolio for defense, security & safety, oil & gas, wind, traffic management, environmental and telecommunications applications at www.sfc.com.
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09.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.