DGAP-Adhoc: SFC Smart Fuel Cell AG: SFC's U.S. licensing partner Capitol Connections LLC receives major U.S. Air Force Order for Delivery of Serial Commercial Products and successfully refutes protest
28.11.2007
SFC Smart Fuel Cell AG / Miscellaneous
28.11.2007
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- SFC to deliver more than 500 Power Manager modules for the U.S. Air
Force; order value approx. 1.5 million USD.
- Power Manager enables efficient battery charging and significant weight
reduction in field use.
- SFC reiterates guidance to double sales in the current fiscal year
compared to previous year.
Brunnthal, Germany, November 28, 2007 - Following a successful tender of
the U.S. Air Force SFC's U.S. partner Capital Connections LLC was awarded a
follow-up contract in September 2007 regarding delivery of 521 Power
Managers worth approx. 1.5 million USD. Immediately after contract award, a
protest was filed against the award decision by a competing US company,
resulting in a stop of work order. Now, SFC has been able to prove the
rightfulness of the tender award jointly with the American business partner
and legal counsel engaged in this matter. The order has now been released
again and production work has started.
Due to the delay resulting from clarification of this protest, SFC today
assumes that the substantial part of the order will be delivered in the
first half of 2008. Under the existing contract the assembly of the final
products will be handled by Capitol Connections LLC in the US.
The SFC Power Manager enables efficient battery charging in the field by
harvesting and efficiently managing energy from virtually any energy
source to provide electrical power during operation of host equipment. It
is an important part of SFC's fuel cell based energy solution consisting of
SFC's Portable Fuel Cell System, SFC Power Manager and hybrid battery.
Through the SFC Power Manager the portable fuel cell can power virtually
all electrical equipment carried by the soldier. As a result, the weight of
batteries for the electrical equipment is significantly reduced.
The SFC Power Manager was developed in close cooperation with the U.S. Air
Force. It will go through all rigorous U.S. Air Force operational tests
under real field conditions to demonstrate the technical maturity that is
necessary to meet the energy requirements of Airmen on the ground.
SFC's fuel cell based energy solution is currently being field tested by
several other military organizations in Europe and the United States. In
theses tests it has been shown to successfully reduce a soldier's load by
over 80 percent.
SFC reiterates its guidance to achieve a triple digit growth rate in the
current fiscal year. In the first nine months of 2007 the company has
already increased its sales, compared to the previous year, by more than
130 per cent to 9.6 million Euros.
About SFC Smart Fuel Cell
SFC Smart Fuel Cell AG (www.sfc.com) is market leader in fuel cell
technologies for mobile and off-grid power applications serving the
leisure, industrial and defense markets. As one of Germany's technology
pioneers, SFC has won numerous innovation awards. In a U.S. Navy
Assessment in 2005, SFC was awarded the highest score for technical
maturity of all fuel cell products. SFC has cooperation agreements with the
German Bundeswehr, the U.S. Army, the U.S. Air Force and other leading
military organizations. Unlike most other fuel cell manufacturers, who
are in the research and development phase or run subsidized demonstration
projects, SFC has shipped fully commercial products to industrial and
private end users for four years, and has created a convenient fuel
cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified.
SFC Investor Relations Contact:
Barbara v. Frankenberg
Investor Relations Manager
SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 4
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-369
Email: barbara.frankenberg@sfc.com
Web: www.sfc.com
28.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 4
85649 Brunnthal
Deutschland
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
Internet: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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SFC Smart Fuel Cell AG / Miscellaneous
28.11.2007
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
- SFC to deliver more than 500 Power Manager modules for the U.S. Air
Force; order value approx. 1.5 million USD.
- Power Manager enables efficient battery charging and significant weight
reduction in field use.
- SFC reiterates guidance to double sales in the current fiscal year
compared to previous year.
Brunnthal, Germany, November 28, 2007 - Following a successful tender of
the U.S. Air Force SFC's U.S. partner Capital Connections LLC was awarded a
follow-up contract in September 2007 regarding delivery of 521 Power
Managers worth approx. 1.5 million USD. Immediately after contract award, a
protest was filed against the award decision by a competing US company,
resulting in a stop of work order. Now, SFC has been able to prove the
rightfulness of the tender award jointly with the American business partner
and legal counsel engaged in this matter. The order has now been released
again and production work has started.
Due to the delay resulting from clarification of this protest, SFC today
assumes that the substantial part of the order will be delivered in the
first half of 2008. Under the existing contract the assembly of the final
products will be handled by Capitol Connections LLC in the US.
The SFC Power Manager enables efficient battery charging in the field by
harvesting and efficiently managing energy from virtually any energy
source to provide electrical power during operation of host equipment. It
is an important part of SFC's fuel cell based energy solution consisting of
SFC's Portable Fuel Cell System, SFC Power Manager and hybrid battery.
Through the SFC Power Manager the portable fuel cell can power virtually
all electrical equipment carried by the soldier. As a result, the weight of
batteries for the electrical equipment is significantly reduced.
The SFC Power Manager was developed in close cooperation with the U.S. Air
Force. It will go through all rigorous U.S. Air Force operational tests
under real field conditions to demonstrate the technical maturity that is
necessary to meet the energy requirements of Airmen on the ground.
SFC's fuel cell based energy solution is currently being field tested by
several other military organizations in Europe and the United States. In
theses tests it has been shown to successfully reduce a soldier's load by
over 80 percent.
SFC reiterates its guidance to achieve a triple digit growth rate in the
current fiscal year. In the first nine months of 2007 the company has
already increased its sales, compared to the previous year, by more than
130 per cent to 9.6 million Euros.
About SFC Smart Fuel Cell
SFC Smart Fuel Cell AG (www.sfc.com) is market leader in fuel cell
technologies for mobile and off-grid power applications serving the
leisure, industrial and defense markets. As one of Germany's technology
pioneers, SFC has won numerous innovation awards. In a U.S. Navy
Assessment in 2005, SFC was awarded the highest score for technical
maturity of all fuel cell products. SFC has cooperation agreements with the
German Bundeswehr, the U.S. Army, the U.S. Air Force and other leading
military organizations. Unlike most other fuel cell manufacturers, who
are in the research and development phase or run subsidized demonstration
projects, SFC has shipped fully commercial products to industrial and
private end users for four years, and has created a convenient fuel
cartridge supply infrastructure. SFC is DIN ISO 9001:2000 certified.
SFC Investor Relations Contact:
Barbara v. Frankenberg
Investor Relations Manager
SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 4
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-369
Email: barbara.frankenberg@sfc.com
Web: www.sfc.com
28.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 4
85649 Brunnthal
Deutschland
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
Internet: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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