SFC Smart Fuel Cell AG: New major fuel cell orders for 2007 and 2008
SFC Smart Fuel Cell AG / Miscellaneous
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- In Q4/2007 entry of major orders amounting to 1,100 EFOY fuel cells in total
- Of these, 300 fuel cells delivered in Q4/2007, 800 for delivery in Q1/2008
- Growth prognosis for 2007 on safe grounds, clear evidence for additional growth in 2008
Brunnthal, Germany, January 8, 2008 – SFC Smart Fuel Cell AG, the leading provider of methanol powered fuel cell systems in the medium power range, has further strengthened its leading position in the European leisure markets. This is clearly demonstrated by several major incoming orders from all over Europe in November and December 2007 for 1,100 EFOY fuel cells in total. Of these, 300 fuel cells were delivered in Q4 of 2007, 800 fuel cell systems will be relevant to 2008 sales. The total value of these major orders amounts to approx. 1.8 million Euros.
Major orders were placed among others by Webasto, Italy and Belgium, and several members of the Trigano Group: Trigano Service and EuroAccessoires, France, and Grove Products Ltd., England and Ireland. In addition, an order for over two dozen EFOY fuel cells from an industry sales partner of SFC Smart Fuel Cell in the West of the U.S.A. reflects the growing interest in this country for the use of fuel cells in industry applications.
After the first major order of the Trigano group announced by press release in November 2007, these new orders are clear proof of the increasing demand for EFOY fuel cells in the European markets.
'Sustainable growth and the expansion of our presence in the European markets were our major targets for the 2007 business year', says Dr. Peter Podesser, CEO of SFC Smart Fuel Cell AG. 'The new major orders from France, England, Ireland, Italy, and the Benelux countries are proof that we have successfully reached these targets. Thanks to our strong cooperations with leading wholesale partners in the individual countries, our EFOY brand has now become an integral part of the caravanning market all over Europe. And the large order backlog, which will be delivered in the first quarter of 2008, underlines our growth potential for 2008.'
With the additional orders SFC Smart Fuel Cell increases its competitive edge as a supplier of on-board power equipment for motor homes in the European markets. For the company, France has meanwhile become the biggest sales market for EFOY fuel cells. At the same time the U.S. market is gaining importance with reference to industrial applications.
SFC Smart Fuel Cell has predicted a three digit sales growth rate for the closed 2007 business year. In the first nine months of 2007 the company increased its turnover by approx. 130 percent to 9.6 million EUR compared to the first nine months of the year before.
About SFC Smart Fuel Cell AG
SFC Smart Fuel Cell AG (www.sfc.com) is market leader in fuel cell technologies for mobile and off-grid power applications serving the leisure, industrial and defense markets. As one of Germany’s technology pioneers, SFC has won numerous innovation awards. SFC has alliances with leading companies in a wide range of industries. Unlike most other fuel cell manufacturers, who are in the research and development phase or run subsidized demonstration projects, SFC has shipped fully commercial products to industrial and private end users for four years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified.
SFC Investor Relations:
Barbara v. Frankenberg
Investor Relations Manager
SFC Smart Fuel Cell AG
Tel. +49 89 673 592 378
Fax. +49 89 673 592 369
Email: [email protected]
08.01.2008 Financial News transmitted by DGAP
Issuer: SFC Smart Fuel Cell AG
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: [email protected]
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart
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