In this year’s Minitransat regatta over 50 % of the registered boats have a fuel cell on board: 45 of the 84 registered boats use the popular power generator for providing environmentally friendly power to critical communication and navigation equipment and other devices on board, on demand and without any user intervention.
SFC Energy AG announces the integration of their EFOY Pro fuel cells in the new Vikomobil of Vites GmbH, Ottobrunn, Germany. The fuel cells deliver intervention-free off-grid power and long autonomy to the communication systems on the trailer.
PBF Group B.V. announces the receipt of a power supply order from a new major customer. This industrial customer has ordered the development of fully integrated power supply systems for the operation of mission critical networks for urban rail systems. Starting 2018, the Company expects annual product sales revenues between EUR 0.5 and 1 million from this new power supply.
Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received major orders for their proprietary Variable Frequency Drive systems (VFDs) from a new customer in the Alberta oil sands. The orders amount to approx. CAD 1.25 million.
SFC Energy and AITC sign U.S. partnership agreement for EFOY Pro fuel cells in off-grid Department of Defense training facilities
SFC Energy has signed a partnership and distribution agreement with Advanced IT Concepts Inc. (AITC), Winter Springs, FL, USA. In the context of the agreement, AITC will sell and service SFC Energy’s EFOY Pro fuel cells as reliable off-grid power source for powering defense equipment in such environments as training facilities, test ranges and other similar applications.
SFC Energy AG announces the integration of its flagship product EFOY Pro fuel cells into RoboguardTM, an innovative autonomous Security Robot developed by Oneberry Technologies in Singapore.
Management confirms sales guidance of EUR 50 to 55 million with significantly improved profitability over 2016. Significant growth in the defense business in the second quarter.
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.