SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.2 million follow up order for proprietary Variable Frequency Drive Systems (VFDs)

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

13.03.2018 / 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 CAD 1.2 million follow up order for proprietary Variable Frequency Drive Systems (VFDs)

- Oil producer places major follow up order based on the success of Simark's integrated solutions in their applications.

- Simark's VFD systems help the oil producer to significantly reduce costs with unique installation and operation benefits.

Brunnthal/Munich, Germany, March 13, 2018 - Simark Controls Ltd., a subsidiary of SFC Energy (ISIN: DE0007568578), leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a new follow up order for their proprietary Variable Frequency Drive systems (VFDs) from an existing customer in the Alberta oil sands. The orders amount to approx. CAD 1.2 million.

VFD Systems operate electric submersible pumps (ESPs) used to artificially lift heavy oil from well-pads. The VFDs significantly reduce installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.

"This major follow up order clearly illustrates the high performance and operational excellence of our VFD solutions", says Martin Curtis, President and General Manager of Simark Controls. "They bring 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 telecommunication applications at www.sfc-defense.com, www.efoy-pro.com and 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 39,000 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]



13.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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