The Management Board of SFC Energy AG with approval of its Supervisory Board, has agreed on a financing concept with Harbert European Growth Capital Fund II (“Harbert”) comprising the issuance of a secured fixed rate bond (Schuldverschreibung) with a nominal amount of EUR 4,997,500.00, the provision of collateral and the issuance of an option bond.
On October 18, 2016, the Management Board of SFC Energy AG had issued an option bond, pursuant to the resolution adopted by the shareholders of SFC Energy AG at their annual meeting on June 14, 2016.
Simark partner 3D-P sells autonomous off-grid communication trailer solutions with EFOY to large end user in Alberta Oilsands
Simark Controls Ltd., a subsidiary of SFC Energy, announces the receipt of an order for fuel cell/solar hybrid EFOY ProTrailer mining communication trailers and EFOY ProCabinets by their wireless network partner 3D-P.
SFC Energy receives German Federal Army order for the extension of their portable MKEV energy supply
SFC Energy AG announces the receipt of an order by the German Federal Army for an extension of the portable MKEV 100 (German: Mobile Kleinstenergieversorgung 100) power supply. The new demonstrator prototype significantly increases energy flexibility and autonomy with an external tank and improved communication functions. The total order amount is EUR 160,000.
Simark Controls Ltd., a subsidiary of SFC Energy, has received a major follow-up order for their proprietary Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order amounts to approx. CAD 1.4 million. This is a new order by the same oil producer who had already placed a CAD 2.0 million order for the same systems earlier this year.
New UK partner ZeroAlpha Solutions successfully trials SFC Energy’s fuel cells with UK Ministry of Defence
SFC Energy announces an exclusive new defense industry sales partnership with ZeroAlpha Solutions Ltd., Cardiff, UK, a leading supplier of networking hardware, software and sustainable power solutions to the UK and European defense and security markets.
PBF Group B.V., Dutch subsidiary of SFC Energy AG, announces the delivery of a first series of power supply prototypes to be used in commercial aircrafts. The delivery builds on a prior development order and has a total value of EUR 0.5 mio. Over the coming months, the customer will qualify the prototype power supplies in the application. Commercialization of the new power supply is expected for 2018.
Guidance 2017: increase in sales to EUR 50-55 million and significant improvement in profitability expected.
SFC Energy Announces the Addition of Gemeco Marine Accessories as a U.S. Marine Distributor of EFOY COMFORT Fuel Cells
SFC Energy AG today announced that it will partner with Gemeco Marine Accessories, Lake City, SC, USA, to serve as a marine distributor for the popular EFOY COMFORT fuel cells in the United States.
EFOY Pro fuel cell business of Canadian subsidiary Simark Controls continues with strong growth in 2016 over previous year
Simark Controls Ltd., a subsidiary of SFC Energy, has achieved a major sales increase in 2016. 2016 sales of EFOY Pro fuel cells grew by 40 percent over 2015, to CAD 1.9 million.