SFC ranks third in Deloitte’s Fast 50 list of Germany’s Fastest-growing technology companies

  • SFC achieves aggregate growth rate of 4.605 percent from 2003 to 2007

BRUNNTHAL/MUNICH, Germany – October 23, 2008 – SFC Smart Fuel Cell AG, leading supplier of fuel cell products for mobile and off-grid power applications, placed third in the Deloitte Technology Fast 50 for 2008. The rankings in the annual list that honors outstanding business achievements by German technology companies are based on aggregate sales growth rates over the last five years, from 2003 to 2007. SFC achieved a growth of 4.605 percent over that period of time.

The rankings were released on Oct. 22 at the official prize gala in Düsseldorf, Germany.

“We are excited about our ranking in the Deloitte Fast 50 list. Our continuous growth over the last five years clearly demonstrates the commercial strength of our fuel cell products in more and more markets, where the availability of reliable and environmentally friendly power far away from the grid is important,” said Dr. Peter Podesser, CEO of SFC Smart Fuel Cell. “We just sold our 10,000th fuel cell and started a new product line specifically for professional users in industrial applications. We also recently opened an office in the United States to support our growth in that important market. With our sound capitalization and our excellent product portfolio we are in a good position for further sustainable sales growth in the coming years.“

“This year’s ranking by Deloitte clearly shows that we are starting into a new age of convergence between proven and alternative technologies“, says Dieter Schlereth, Partner and Head of Technology, Media, and Telecommunications at Deloitte. 'Specialized technology innovations capture the end consumer and business markets, as demonstrated by the impressive growth rates of the Fast 50 nominations, the Rising Stars and the Sustained Excellence winners.“

The average aggregate growth rate of this year’s Fast 50 companies is 913 percent.

SFC’s EFOY fuel cell is available as standard or optional equipment in the catalogues of 37 motor home manufacturers. It comes in four models with a charging capacity from 600 to 1,600 Wh per day for use in motor homes, sailboats, and holiday and mountain cabins. EFOY fuel cells are sold at over 800 sales points all over Europe, where customers can also buy the five or 10 litre fuel cartridges. In September, SFC introduced its new EFOY Pro series for professional industrial users. The new line was developed to meet the demanding requirements of off-grid industrial systems such as security cameras, measuring and early warning sensors and traffic systems.

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 10,000 fully commercial products to industrial and private end users for more than four years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified. SFC is based in Brunnthal, Germany, and has a U.S. sales and technical service office in Atlanta.