Press Release

MyFC to showcase integrated prototype of range extender LAMINA REX at Almedalen political week

Over the past year, myFC has worked on the development of a fuel cell-based range extender for electric cars. A commercial electric vehicle is used to develop a prototype to verify myFC’s fuel cell technology. The car will be displayed during the Almedalen political week in July.

MyFC initiated the development project toward the automotive industry in order to address the limited range of today's battery technology. The long-term ambition is to solve the limitations in battery performance by integrating the company's fuel cell technology and enabling onboard hydrogen generation, OHG, in electric vehicles. The technology can also reduce vehicle weight and production and driving costs, as fewer batteries may be needed when a completely exhaust-free range extender becomes a true alternative.

“The development of our prototype continues at high intensity. We have decided to showcase the car because of the high interest in our R&D efforts to use our fuel cells to extend the range of electric cars, so that they can seriously contribute to replacing fossil-dependent vehicles. This way we can show how well our cells and fuel solutions can scale toward government and vehicle requirements globally, "says Björn Westerholm, CEO of myFC.

The LAMINA REX technology is a form of electrochemical energy storage, consisting of a hydrogen-generating fuel in combination with a fuel cell that produces electricity. The technology can extend the mileage and secure the charging of electric vehicles. This process does not release any exhaust gases in electric vehicles, meeting the Paris Agreement environmental targets for 2025 and 2030. The chemical reaction in the system generates energy, water and a solid reaction product. The reaction product can be used to rebuild the fuel, making a wholly circular fuel solution possible. Depending on the mix of electricity used, it is thus possible to use and recreate the fuel with a lower environmental impact per kilometer than that of an electric car in clean electrical operation throughout the life cycle.

The development project LAMINA REX involves creating an IP and technology foundation that can then be licensed to partners in the automotive and related industries, for adaptation and integration in electric vehicles and in the fuel infrastructure. The fuel can be distributed in several ways, and the driver can, for example, refuel the car with myFC fuel through fuel bags or gas stations. A collaboration with Gränges AB is underway to develop a lighter prototype of LAMINA REX in aluminum.

During the Almedalen political week, myFC will showcase the car used to verify the complete fuel and fuel cell integration. The car will have a complete solution integrated, but is by no means commercial or fully developed.

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 10:00 CET on 1 June 2018.