Press Release

MyFC Holding (publ) financial report January – December 2016

Significant events October – December

  • Commercial breakthrough: multimillion contract for JAQ with China’s largest mobile distributor, Telling Communications
  • Technical breakthrough: global first as myFC demonstrates a functioning fuel cell integrated into a smartphone
  • Key patent approved in Korea
  • Stock option redemption raises SEK 7.3 million

Significant events after the end of the period

  • Technological breakthrough: LAMINA™Thin Film, the world’s thinnest fuel cell
  • Jörgen Lantto joins the myFC Board of Directors and invests in the company
  • Redemption of options plan raises SEK 25.9 million

Comment from Björn Westerholm, CEO of myFC:

“2016 was an eventful and intense year for us at myFC. We demonstrated the potential of fuel cells in smartphones, strengthened our technology and signed a breakthrough contract on the world’s largest smartphone market. We strengthened our IP portfolio, our production of fuel cards, our board of directors, our organization, and our finances. I look forward to 2017 with confidence.”

For further information, please contact:

myFC Press Office
Phone: +46 (0) 738 09 33 83

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 above, at 08:00 CET on 24 of February 2017.