myFC sign an exclusive agreement for the fuel cell charger JAQ in UAE

Swedish myFC have signed an initial agreement with a Telecommunications service
provider in UAE, allowing the carrier the exclusive rights to sell, distribute
and market myFC’s new fuel cell charger JAQ in the UAE starting in Q2 2016.
The agreement between the companies regulates an exclusive right for the carrier
to sell, distribute and market myFC’s new fuel cell charger JAQ and the
associated power cards to the carriers customers including distribution of JAQ
in the company’s shops in the region.

MyFC JAQ is a revolutionary fuel cell device that creates its own electricity
with a slim, recyclable single-use PowerCard, based on water and salt. The
PowerCard delivers about one full smartphone charge. The PowerCards are
disposable, and the only emmission they give off in the creation of electricity
is water vapour and heat.

In the agreement, both partners agreed on pricing for the product and target
volumes. The agreed time frame is set to start selling JAQ in the UAE domain
beginning Q2 in 2016.

For further questions, please contact:
Björn Westerholm, CEO
E-mail: bjorn.westerholm@myfc.se
Telephone: +46 (0) 706 56 20 07
About myFC
myFC is a Swedish innovation company that develops energy solutions using fuel
cell technology. The company has so far launched two portable fuel cell chargers
for small electronics like cell phones, cameras and tablets. Fuel cells use
environmentally friendly technology that enables instant charging from a
depleted battery state without ever needing a wall charge. 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.myfcpower.com