Canadian subsidiary Simark Controls receives CAD 1.4 million follow up order from Oil Producer

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.

Brunnthal/Munich, Germany, May 16, 2017 – Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, 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.

The VFD Systems are designed and manufactured by Simark Controls to operate electric submersible pumps (ESPs) used to artificially lift heavy oil from the client’s Northern Alberta well-pad locations. The client selected Simark Control’s VFD Systems, because their unique installation and operations benefits significantly reduce the installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.

“We are excited to have won this new order so shortly after the first order”, says Martin Curtis, President and General Manager of Simark Controls. “This is clear proof that our customized systems deliver the operation advantages, performance benefits, and cost reductions the client had requested.”

Additional information on SFC Energy’s off grid power portfolio for security & safety, oil & gas, wind, traffic management, environmental and telecommunications applications at www.efoy-pro.com and at www.sfc.com. Additional information on the full oil & gas and industry product portfolio of Simark at www.simark.com.

About SFC Energy AG

SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct methanol fuel cells for stationary, portable 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 65,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, and has operating subsidiaries in Canada, India, the Netherlands, Romania, the United Kingdom, and the United States of America. SFC Energy AG is listed on the Deutsche Boerse Prime Standard and has been part of the selection index SDAX since 2022 (GSIN: 756857 ISIN: DE0007568578).

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