Swedish micro fuel cell company myFC has received an order for an undisclosed number of its hydrogen fuel cell systems for the e-mobility sector. The value of the order does not exceed 2 million SEK. It is placed by Lightec Inc. in Tokyo, Japan, who are in turn representing a global e-mobility component manufacturer.
The fast-growing soft mobility segment is a prioritized focus area for myFC’s unique fuel cell technology.
“Our technology is ideal for e-mobility as it is specifically developed to provide freedom-in-design, modularity, flexibility and high energy density. The actors in this fast-growing segment are also increasingly attracted to the benefits hydrogen offers. I am very proud to announce this commercial development project with a highly respected component manufacturer within the electric mobility domain,” says Michael Glantz, CEO of myFC.
The commercial order at a value not exceeding 2 million SEK was preceded by a feasibility study which is now complete. The feasibility study evaluated the integration of myFC’s micro fuel cell technology and a hydrogen tank into the undisclosed manufacturer’s system. With the feasibility study concluded, the development, production and integration of prototypes is now set to begin.
The received order marks a milestone in the discussion between the parties to establish a cooperation agreement for technical development projects targeting the e-mobility sector.
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 07-06-2021 07:55 CET.