SFC Energy AG receives follow-up order for tempered fuel cell products from Asian defense customer

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

21.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


SFC Energy AG - Press Release

SFC Energy AG receives follow-up order for tempered fuel cell products from Asian defense customer

- The order is for additional units of EMILY 3000, portable JENNY 600S, and SFC Power Manager 3G.

- Fuel cell products are used as off-grid power source for additional defense applications in Asia.

- Total order amount approx. EUR 1.8 million.
 

Brunnthal/Munich, Germany, March 21, 2018 - SFC Energy AG (ISIN: DE0007568578), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, announces the receipt of a follow-up order by an Asian customer. Following last year's success, the customer placed a significant follow-up order for units of SFC Energy products for new defense applications. The total value of the follow-up order is approx. EUR 1.8 million. A first shipment happened in December 2017, completion is expected by the end of March.

SFC's EMILY 3000 and JENNY 600S fuel cells and the SFC Power Manager 3G are used to reliably power off-grid border protection equipment, electrical equipment, and mission-critical communication systems to some extent at very remote outposts.

The key benefit of the fuel cell for the customer is a significant reduction of fuel consumption that leads to a major weight reduction compared to conventional diesel generators and batteries. This enables significantly easier fuel logistics in difficult to access areas of operation, with much reduced operating expense. The fuel cell products are easy to use, maintenance free and feature 100% reliability even under extremely harsh climatic conditions.

The EMILY 3000 fuel cell is a silent, environmentally friendly mobile energy source for electrical devices in command and multipurpose vehicles, and for fielded and stationary power in field outposts. In combination with the SFC Power Manager 3G, the man-portable JENNY 600S fuel cell supplies parallel power to different voltage devices and recharges batteries at the same time.

"This follow-up order further strengthens our excellent position in Asia as power provider for defense and security applications", says Dr. Peter Podesser, CEO of SFC Energy. "In 2017 alone we sold approx. 4 million Euro worth of fuel cell products to Asian defense and security organizations."

Numerous international defense organizations use SFC Energy fuel cell products. SFC fuel cell and accessory products carry a NATO stock number.

Additional information on the SFC Energy's off-grid power portfolio for defense, security & safety, oil & gas, wind, traffic management, environmental and telecommunication applications at www.sfc-defense.com, www.efoy-pro.com and at www.sfc.com.

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 39,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil and Gas, Security and Industry, and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).

SFC Press Contact:
Ulrike Schramm
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-377
Fax. +49 89 673 592-169
Email: [email protected]



21.03.2018 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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