Press Release

myFC Holding AB (publ) interim report January – March 2019

Quarter January – March 2019

  • Net sales amounted to SEK 0 (180,000)
  • Operating profit amounted to SEK -24 million (-19)
  • Earnings per share amounted to SEK -0,34 (-0,53)

Significant events January – March

  • myFC raises the energy level of the company's fuel card after chemical engineering breakthroughs
  • myFC receives order for 2 000 JAQ Hybrid chargers from South Africa
  • myFC to develop smart cases for smartphones
  • myFC dismantles its share in joint venture and plans new structure in China
  • myFC decides on a rights issue of up to 56 MSEK for offensive investments in the integration of fuel cells in smartphones and vehicles
  • myFC receives order from JAQ Hybrid from Swedish distributor RLVNT
  • myFC and Chinese electric car manufacturer Hozon Auto in feasibility study for LAMINA REX
  • myFC in joint development project for LAMINA REX with Gränges AB

Significant events after the end of the period

  • myFC's Board of Directors and Executive Management participate in the rights issue
  • myFC receives repeat order of JAQ Hybrid from Japan
  • myFC's rights issue raises SEK 40 million
  • myFC Holding’s Board of Directors appoints Peter Friedrichsen as new president and CEO

Comment from CEO Peter Friedrichsen:
“There are few areas that are currently as exciting and as current as fuel cells. The interest in fuel cell technology and how it can solve our societal challenges is enormous. At myFC, there are people who have worked with fuel cell technology for a long time and who have both broad and deep expertise. This is our starting point.”

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 31 May 2019.