Press Release

myFC Holding AB (publ) interim report January – June 2020

Quarter April – June 2020

  • Net sales amounted to SEK 0 (0)
  • Operating loss amounted to SEK -15 million (-107)
  • Earnings per share amounted to SEK -0.10 (-1.37)

Significant events April – June

  • Michael Glantz appointed CEO of myFC
  • Sebastian Weber appointed CTO of myFC
  • myFC demonstrates hybrid concept for electric vehicles

Significant events after the end of the period

  • Extraordinary general meeting resolves targeted new share issues
    generating approximately 52 million SEK.

Comment from CEO Michael Glantz:

”On June 17, we demonstrated a fully functional concept vehicle using our fuel cell technology for electric propulsion. It was a milestone and an example of what our technology, integrated into our customers’ applications, is capable of. In essence, we showed how our hydrogen fuel cells can offset and solve some of the pain points of batteries, supporting the global shift to electrification. Adding to that, our small and modular fuel cell provides unparallel freedom in design. Representatives from the automotive and hydrogen industries discussed market maturity and demand in a panel discussion which can be found on our website. We are now at a point in time when the maturity of our technology matches the readiness of the market.

Last month, I issued my first Executive Brief. I intend to do so continuously. In the Executive Briefs, I will share updates and reflections on market developments as well as extended reading about news issued by us. You will be able to find (and subscribe to) the Executive Briefs on our website.”

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 08:00 CET on 24 July 2020.