Full year January – December 2019
Quarter October – December 2019
Significant events October – December
Significant events after the end period
Comment from CEO Peter Friedrichsen:
“2019 was a year of change at myFC. The directed new share issue announced in February failed to deliver the required funds. A strategic review followed, and after careful investigations of sustainable ways forward, a new strategic direction was formulated and necessary changes were implemented across our organization.
Our focus now is to prove our technology and accelerate our commercial discussions. In December we proudly announced the development of a complete proof of concept: a fully functional demonstration of our technology in a commercial car model, to be showcased to stakeholders and the public in the middle of 2020. After the end of the period we announced our selected partner, Jotech/Ecar Sweden.
It is exciting to be at the forefront of cutting-edge, green energy supply technology and working toward a zero-emission vision. I am pleased to say we have entered into 2020 on firm footing, with a more manageable cost base and with a reaffirmed, sustainable commitment to the automotive industry and e-mobility. With the financial and strategic support provided by our new owners, I believe we have every possibility to realize our strategy.”
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 21 February 2020.
For further information, please contact:
myFC Press Office
Phone: +46 (0) 738 09 33 83
Phone: +46 (8) 409 421 20
Swedish innovation company myFC offers thin, scalable fuel cells that are easy to dimension and adapt to any electric application. myFC develops hybrid technology solutions combining batteries and hydrogen-based micro fuel cells for extended usage and reduced carbon footprint. The company was founded in 2005 and was listed on NASDAQ First North Growth Market in 2014. Its headquarters are in Stockholm. For more information, visit myFC.se