Technical breakthrough with new fuel concept from myFC

The Swedish innovation company myFC has reached a new technical breakthrough
with a new fuel concept for its portable charger which is driven by
environmentally friendly fuel cells. This enables a hearty drop in cost for
charging one’s phone via a fuel cell charger and reduction in size of both the
charger and fuel required. Tests indicate that the new fuel solution can reach a
considerably higher energy density compared with existing charging solutions.
Fuel cells are an environmentally friendly technology which by itself produces
electricity and thus allows the user to charge a mobile phone, without the need
for an electrical outlet or sunlight when the battery has run out of juice at
the wrong time. The development of fuel cells has been a rapid expanding area
but the main challenge for large-scale commercialization has been the cost of
production together with distribution and packaging of the fuel.

Now myFC has developed a fuel concept which comes at a lower price per charge.
The new fuel solution is a breakthrough in its class and is expected to reach a
higher energy density than other portable charging units on the market. The
compact and energy dense fuel enables a new, flexible packaging. This means that
the charger itself can become significantly smaller and lighter as compared to
other models found on the market.

myFC launched its first consumer product – the myFC PowerTrekk 1.0 – in 2013.
The product itself simply generates electricity using water and a fuel puck –
the first of its kind. In 2014, the next generation charger to this has been
launched – myFC PowerTrekk 2.0.

“With the new fuel, we expect to change the entire global playing field. We have
always believed that the key to mass commercialization for a fuel cell charger
is to reduce the size, weight, and cost of the fuel, and we expect this fuel
makes that possible,” says Björn Westerholm, CEO at myFC.

For further information, please contact:

Björn Westerholm, CEO
E-mail: bjorn.westerholm@myfc.se
Telephone: +46 (0) 706 56 20 07

Images are available at: http://profolio.se/?c=1073&k=4c2ab188c5
About myFC
myFC is a Swedish innovation company that develops energy solutions using fuel
cell technology. The company’s first product, the myFC PowerTrekk, is a hybrid
charger for small electrical devices that runs on water. myFC was founded in
2005, has its head office in Stockholm and was listed on the NASDAQ OMX First
North in May 2014. The company’s Certified Advisor is Remium Nordic AB. To find
out more, please visit www.powertrekk.com