Opcon to develop entirely new component for fuel cell vehicle

Opcon to develop entirely new component for fuel cell vehicle

SRM, a company within the Renewable Energy business area of the energy and
environmental technology Group Opcon AB has received an order from a major
automotive manufacturer to develop a prototype for an entirely new and unique
component for fuel cell vehicles. 

A fuel cell vehicle is driven by a chemical process in which hydrogen reacts
with the oxygen in the air. The result is an electricity-powered vehicle with
zero emissions. In addition, total efficiency of a fuel cell system is
substantially higher than a traditional combustion engine.

SRM will develop a compressor that will re-circulate hydrogen in the fuel cell,
thereby further increasing the efficiency of the process. This is a completely
new application in addition to the air modules that Opcon Autorotor has
delivered since the early 90's in order to provide fuel cells with air. Not only
the customer, but also SRM will have the rights to the developed prototype
compressor. 

“This is a smaller initial development order worth almost 15 million SEK, but
the project as a whole involves potential future development orders with much
higher values, along with future manufacturing for the same strategic partner.
Furthermore, it represents a very strategic opportunity to broaden our product
portfolio in the fuel cell segment”, says Opcon CEO, Rolf Hasselström.

”We are currently seeing increased interest from automotive manufacturers in
fuel cell technology. With our knowledge of energy and environmental technology,
in combination with our experience with compressor solutions for fuel cell
vehicles, we see several interesting opportunities in this development”, says
Opcon CEO, Rolf Hasselström.

For further information, please contact:
Niklas Johansson, vice president, Investor Relations, tel. +46 8-466 45 00, +46
70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. +46 8-466 45 00, fax +46 8-716 76 61
e-post: info@opcon.se
www.opcon.se

About Opcon
Opcon is an energy and environmental technology Group that develops, produces
and markets systems and products for eco-friendly, efficient and
resource-effective use of energy.
Opcon has activities in Sweden and China. There are around 380 employees. The
company's shares are listed on OMX Nordic Exchange.
The Group comprises three business areas:
Renewable Energy focuses on generating electricity from surplus heat, systems
for handling natural gas and air systems for fuel cells. The business area
comprises the following subsidiaries: Svenska Rotor Maskiner (SRM), Opcon Energy
Systems (OES), Opcon Autorotor, REF Tech, Mitec and Svensk Rökgasenergi (SRE).
Engine Efficiency focuses on ignition systems for combustion engines including
ethanol, natural gas and biogas engines. The business area comprises the
following subsidiaries: SEM, Opcon Technology Suzhou, Lysholm Technologies,
Laminova and Opcon Inc. USA.
Mobility Products focuses on technology for positioning, motion and regulation
for electrical vehicles and electrical wheelchairs. The business area comprises
the REAC subsidiary.