MUNICH--(BUSINESS WIRE)--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).
|Company:||SFC Energy AG|
|Phone:||+49 (89) 673 592 - 100|
|Fax:||+49 (89) 673 592 - 169|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin,|
|Dusseldorf, Munich, Stuttgart|