DGAP-News: SFC Energy AG / Key word(s): Miscellaneous
SFC Energy Announces EUR 1.3 Million Military Order by German
Bundeswehr for Vehicle-Based and Stationary Power Supplies
31.07.2015 / 07:30
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SFC Energy AG - Corporate News
SFC Energy Announces EUR 1.3 Million Military Order by German Bundeswehr
for Vehicle-Based and Stationary Power Supplies
- German Bundeswehr purchases EMILY fuel cell systems, order amount EUR
1.3 mio to be recorded as revenue in the Company's current third
quarter of 2015
- Purchase is a follow up order for the EMILY fuel cell, which was
approved for use in December 2011 and has since been successfully used
by German Bundeswehr
Brunnthal/Munich, Germany, July 31, 2015 - SFC Energy AG (F3C:DE), a
leading provider of hybrid power solutions to the stationary and mobile
power generation markets, has received an order by German Bundeswehr for
fuel cells to power devices on military vehicles and for soldiers in the
field.
The order represents repeat business for SFC following the successful
deployment of the EMILY fuel cell by the German Bundeswehr (German National
Defense) in December 2011. At the time, the EMILY was also assigned a NATO
stock number (NSN), and as of this date is the only fuel cell in Germany to
have achieved this level of standardization.
The order amounts to approx. EUR 1.3 million and was recorded as revenue in
the Company's current third quarter of 2015.
Management Commentary
Dr. Peter Podesser, CEO of SFC Energy, stated, "This is a major order for
our Company, as this repeat business is proof that our EMILY product can
perform superbly on a large scale and under a variety of conditions. The
process to deliver the product required a thorough and lengthy testing
process, and ultimately we are very proud of the trust placed in us by the
German Bundeswehr. With our products we want to contribute to more safety,
flexibility and mobility of soldiers in the field. We regard EMILY's
growing success as an acknowledgement of our long and good cooperation with
German Bundeswehr. While we were hopeful to have delivered the products in
the first half of 2015, we are pleased to move forward in our third quarter
and are on track with our goals and objectives for 2015."
EMILY was specifically developed to meet the demanding requirements in
defense applications, and fully complies with military standards. The
automatic, silent, environmentally friendly generator provides reliable
power to electric and electronic devices on board of defense vehicles, in
the field and as a battery charger, anywhere, anytime.
The fuel used, methanol, features a high energy density of approx. 1.400
Wh/kg, which is 50 times higher than that of a lead battery (only approx.
30 Wh/kg). Methanol, which is approved by the German Bundeswehr and also
carries a NATO stock number (NSN), is safe and available at German
Bundeswehr depots.
When installed in military vehicles, the EMILY is connected to the vehicle
battery, providing automatic power with virtually no emissions, and with
very low noise signature. The technology has made the mounting and
dismounting of heavy, loud Diesel generators obsolete. At a weight of only
12 kg/27 lbs, fuel cells can also conveniently be used to provide power to
mobile command posts or as a field charger. Deployed off the vehicle, EMILY
will power almost any electric device (up to 100 W average load) via the
SFC Power Manager.
In addition to EMILY, SFC Energy offers a successful portfolio of portable,
mobile, stationary, and vehicle based fuel cells for defense applications,
among them the SFC Energy Network and the portable JENNY fuel cell. SFC
fuel cells are currently in field use in several big NATO defense
organizations around the world.
Additional information on EMILY, the portable JENNY fuel cell and the full
portfolio of SFC power generators for defense applications at
www.sfc-defense.com and on SFC Energy's products for industrial and
consumer applications at www.sfc.com.
About SFC Energy Group
SFC Energy AG (www.sfc.com) is a leading provider of hybrid solutions to
the stationary and portable power generation markets. SFC is the number one
supplier of fuel cells, with over 33,000 fuel cells sold to date. The
Company has award-winning products and serves a range of applications in
the Oil & Gas, Security & Industry and Consumer markets. The Company is
headquartered in Brunnthal/Munich, Germany, operates production facilities
in the Netherlands, Romania, and Canada, and sales offices in the U.S and
Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN:
756857 ISIN: DE0007568578).
SFC Energy AG
Investor Relations:
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: ir@sfc.com
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 898 27 227
Email: sh@crossalliance.com
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31.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SFC Energy AG
Eugen-Saenger-Ring 7
85649 Brunnthal
Germany
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
Internet: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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382519 31.07.2015
DGAP-News: SFC Energy Announces EUR 1.3 Million Military Order by German Bundeswehr for Vehicle-Based and Stationary Power Supplies
| Source: EQS Group AG