Full year January – December 2020
Quarter October – December 2020
Significant events October – December
Significant events after the end of the period
Comment from CEO Michael Glantz:
“For myFC, 2020 was defined by a strong focus on technology development. The fourth quarter was no exception, and the results from our lab are some of the best I've seen in the company's history. Our fuel cells have the same DNA as always, but we have optimized them for higher power and we now have a more active control technology. As the hydrogen market evolves, the value of our patent portfolio increases. We can offer high efficiency at an extremely cost-effective manufacturing cost, both in our own production as well as in license setups.
Our technological advantages are more than performance figures. What we do is complex, and every breakthrough in the lab needs to be seen in a larger context. Every country that announces its hydrogen strategy means a more clearly defined addressable market for us. As the adoption of hydrogen takes off, authorities and regulators not only look for large systems – there are already clear indications from for example Germany of the commitment to maximize the investment. That requires smaller systems, too. Such as ours.”
This disclosure contains information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-02-2021 08:00 CET.