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SFC Energy AG and Toyota Tsusho Corporation sign exclusive sales and partner agreement for hydrogen and methanol fuel cells for the Japanese market

·4-min read

DGAP-News: SFC Energy AG / Key word(s): Agreement
12.11.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Press Release

SFC Energy AG and Toyota Tsusho Corporation sign exclusive sales and partner agreement for hydrogen and methanol fuel cells for the Japanese market

- Essential element of SFC's growth strategy in Asia

- Decisive step forward towards further strengthening SFC's market position in Japan

- SFC's products help Toyota Tsusho to reach SDG goals and contribute to the transition to a low carbon society in Japan

Brunnthal/Munich, Germany, November 12, 2020 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions, announced today the signing of an exclusive sales and partner agreement with Toyota Tsusho Corporation (Toyota Tsusho), the trading arm of the Toyota Group.

Under the agreement, Toyota Tsusho will be SFC's exclusive partner for promoting and selling SFC's hydrogen and methanol fuel-cell products in Japan in all industrial and civilian market segments. The deepening of the partnership follows the successful co-operation between the two parties since 2015, during which time the partners established and developed the Japanese market for commercial applications for SFC's products. Through the exclusive partnership, SFC will further benefit from Toyota Tsusho's large industrial customer base and on-the-ground support in Japan.

"We are excited and grateful to expand our successful partnership with Toyota Tsusho, which was instrumental in establishing our products in the Japanese market since 2015. Japan has always been one of the leading markets for fuel cells globally. With its renewed commitment to hydrogen as a basis for a low carbon society, we anticipate further strong growth in Japan. Toyota Tsusho's strong position within the Japanese industrial market and their systematic market development approach makes them a perfect partner for us. This partnership can serve as a model for other Asian markets," said Dr. Peter Podesser, CEO of SFC."

"We are thrilled and honored to be able to expand the relationship with SFC Energy, a global leader in the Fuel Cell sector. Fuel Cell is a key business of Toyota Tsusho under SDGs. Since 2015, SFC and Toyota Tsusho have been enhancing their relationship and expanding the Fuel Cell business in the Japanese market. Toyota Tsusho, as the exclusive distributor in Japan, plans to further accelerate the business and expand sales in Japan. Toyota Tsusho is committed to further developing the Fuel Cell business and contributing to the transition to a low-carbon society in Japan," said Futoshi Horisaki COO of Toyota Tsusho Corporation Global Parts and Logistics Divisions.

The companies are assessing possibilities to further expand the exclusive sales agreement with additional products and territories in the future.

Additional information on SFC Energy's fuel cell solutions for Clean Energy & Mobility, Defense & Security, Oil & Gas, and Industry at sfc.com.


About SFC Energy Group
SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With more than 45,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578).

About Toyota Tsusho Corporation
Toyota Tsusho Corporation (www.toyota-tsusho.com) was established in 1948, and as the general trading company in Toyota Group, has taken part of new business development in several business fields. Toyota Tsusho Corporation provides information services, logistics, financing, risk management and other functions for import/export and domestic trading businesses. These functions add value to its partner's products and services aligned with the needs of customers.

SFC Press Contact:
Jens Jüttner
Tel. +49 89 125 09 03-32
Email: pr@sfc.com
Web: sfc.com

SFC IR & PR Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: susan.hoffmeister@sfc.com
Web: crossalliance.de

 


12.11.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

ir@sfc.com

Internet:

www.sfc.com

ISIN:

DE0007568578

WKN:

756857

Listed:

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

EQS News ID:

1147364


 

End of News

DGAP News Service

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