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SFC Energy AG receives follow-up order from Canadian oil company worth more than CAD 5.3 million

EQS-News: SFC Energy AG / Key word(s): Incoming Orders
SFC Energy AG receives follow-up order from Canadian oil company worth more than CAD 5.3 million
10.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

SFC Energy AG receives follow-up order from Canadian oil company worth more than CAD 5.3 million

Brunnthal/Munich, Germany, January 10, 2023 – SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, secured another follow-up order from a Canadian oil producer for the supply of fully integrated frequency converters (VFDs). The order amounts to more than CAD 5.3 million and will be fully recognized in sales and earnings in fiscal year 2023. Already in October 2022, the customer from the Canadian province of Alberta ordered VFDs from SFC Energy with a total value of more than CAD 10 million.

The VFD systems operate electric pumps (ESPs) for oil production. The unique integration capabilities and specific ESP VFD firmware significantly reduce installation and operating costs. The VFDs only deliver the amount of energy to the ESP drives that they need to operate. This noticeably improves efficiency, as the VFDs make the motors much more effective and energy efficient. This optimizes pump operation, extends motor life and ensures more efficient pump run times. In addition, the VFDs reduce the customer's carbon footprint.

“From his practical experience, our customer knows about the advantages of the fully integrated frequency converters and the renewed order shows the high level of satisfaction with our efficient energy control systems. For the customer it pays off twice: On the one hand he improves his CO2 balance with the VFDs from SFC Energy, on the other hand he benefits economically to a high degree. We are pleased that with our almost 30 years of experience in VFDs we can provide our customer with an ideal power management solution for his applications,” says Hans Pol, CEO of SFC Energy AG.

For more information on SFC Energy's Clean Energy and Clean Power Management solutions, visit sfc.com.

About SFC Energy AG

SFC Energy AG is a leading provider of hydrogen and methanol fuel cells for stationary 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 60,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich and operates production facilities in Germany, the Netherlands, Romania, and Canada. 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).

SFC Press Contact:
Marc Bächle
Phone: +49 89 125 09 03-32
Email: pr@sfc.com
Web: sfc.com

SFC IR Contact:
Susan Hoffmeister
Phone: +49 89 125 09 03-33
Email: susan.hoffmeister@sfc.com
Web: sfc.com


10.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

SFC Energy AG

Eugen-Sänger-Ring 7

85649 Brunnthal-Nord

Germany

Phone:

+49 (89) 673 592 - 100

Fax:

+49 (89) 673 592 - 169

E-mail:

ir@sfc.com

Internet:

www.sfc.com

ISIN:

DE0007568578

WKN:

756857

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1530615


 

End of News

EQS News Service

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