SFC Energy and Toyota Tsusho expand their cooperation to Southeast Asia and China

DGAP-News: SFC Energy AG / Key word(s): Alliance/Expansion
22.03.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Corporate News

SFC Energy and Toyota Tsusho expand their cooperation to Southeast Asia and China

- Expansion of exclusive sales of SFC hydrogen and direct methanol fuel cells to Thailand, the Philippines, and Vietnam

- Start of sales activities in China

- Prospective further expansion of sales activities in the Asia-Pacific region

Brunnthal/Munich, Germany, March 22, 2021 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading international provider of direct methanol and hydrogen fuel cells for stationary and mobile hybrid power supply solutions, significantly expands its sales territory.

Together with Toyota Tsusho, SFC Energy brings the environmentally friendly and powerful hydrogen and direct methanol fuel cell systems around the EFOY series to further Southeast Asian country markets. From now on, Toyota Tsusho will exclusively distribute the units in Thailand, the Philippines and Vietnam. At the same time, sales activities will start in the world's largest market for sustainable technologies: China.

SFC Energy and Toyota Tsusho are pursuing their joint strategy with high implementation speed. After signing the exclusive distribution and partnership agreement in November 2020 and the largest single order for 135 EFOY Pro fuel cells for the Japanese market, the next milestone has now been reached within a short time by expanding into further Asian markets.

A further step in the expansion of the international sales strategy is the interlocking of the competences of both companies. The long-term aim is to further develop the markets in Southeast Asia and China using a joint team of experts with a targeted sales volume of approx. EUR 100 million by 2025.

"Expanding our presence in the Asian market is an important cornerstone of our growth strategy. The joint decision of Toyota Tsusho and SFC Energy enables us to serve customers locally even closer and more efficiently, as well as to drive further growth. Our market-leading expertise, combined with Toyota Tsusho's broad reach, creates unique synergies on the path to a low-carbon society," says Dr. Peter Podesser, CEO of SFC Energy AG.

"Together with our partner SFC Energy, we are keeping pace with the high growth rate in the Southeast Asian markets. Through our extensive sales network and SFC Energy's environmentally friendly and powerful fuel cell systems, we offer our customers solutions for the key challenges such as digitalisation, urbanisation or climate protection that are particularly relevant in Asia and China," says Futoshi Horisaki, COO of Toyota Tsusho Corporation Global Parts and Logistics Divisions.

For more information on SFC Energy's off-grid power solutions for Clean Energy & Mobility, Defense & Security, Oil & Gas, and Industry, please visit sfc.com.

About SFC Energy Group
SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With around 50,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry 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).

About Toyota Tsusho Corporation
Toyota Tsusho Corporation (www.toyota-tsusho.com) was established in 1948, and as the general trading company in Toyota Group, has taken part of new business development in several business fields. Toyota Tsusho Corporation provides information services, logistics, financing, risk management and other functions for import/export and domestic trading businesses. These functions add value to its partner's products and services aligned with the needs of customers.

SFC Press Contact:
Jens Jüttner
Tel. +49 89 125 09 03-32
Email: [email protected]
Web: sfc.com

SFC IR Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: [email protected]
Web: crossalliance.de

22.03.2021 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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