22 Mar 2021, Investors, News, Press Release
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 www.sfc-com.
SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 55,000 fuel cells to date. 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).