Press Release

MyFC receives order for 500 JAQ Hybrid from Lightec in Japan

MyFC has received an order for 500 units of its fuel cell charger JAQ Hybrid and associated power cards from Japanese Lightec. The order is part of a non-exclusive distribution agreement between myFC and Lightec. The order value does not exceed 0.5 million SEK.

Lightec has a nationwide distribution network in Japan, delivering smartphone accessories to retail chains such as 7-Eleven and mobile operator stores, including KDDI and Softbank. They are also active in e-commerce. Lightec intends to launch JAQ Hybrid in Japan at the end of the third quarter.

"Japan is one of the world's most advanced smartphone countries, and I'm particularly pleased with Lightec's presence in convenience store chains such as 7-eleven. This provides consumers with easy and reliable availability of our power cards, and gives the stores a nice upside in terms of recurring revenue from the cards," says Max Rydahl, Sales and Marketing Director at MyFC.

Delivery of 500 JAQ Hybrid chargers is scheduled to take place at the end of the third quarter 2018.

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 07:50 CET on 1 June 2018.