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Press Release

MyFC Holding (publ) interim report January – March 2017

Significant events January – March

  • 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
  • MyFC completes first delivery of fuelcell charger JAQ to China 

Significant events after the end of the period

  • MyFC selects Avanza Bank as new Certified Adviser

Comment from CEO Björn Westerholm:

"Net sales during the quarter amounted to SEK 0.3 million, as a result of the initial deliveries of JAQ to the Chinese market. Additionally, we now see a broader and deeper interest in our technology, confirming that our activities and focus are well timed.

The demand for new charging alternatives continues to increase. We are getting signals from the mobile industry that access to batteries is not a given even for the biggest smartphone manufacturers, as the electrification of the car industry is draining the availability of lithium. A number of industries and verticals, from smartphones and mobile devices to the automotive industry, are now more actively looking for alternative charging technologies. In summary, this is an excellent time to introduce fuel cell technology as a strong complement to batteries."

The information in this interim report is information that myFC AB (publ) is obliged to make public pursuant to theSwedish Securities Market Act.