Press Release

myFC receives hydrogen fuel cell systems order

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.