SFC Energy AG, DE0007568578

SFC Energy AG, DE0007568578

16.12.2016 - 10:02:14

SFC Energy strengthens sales focus through Executive Board changes

SFC Energy AG - Press Release

SFC Energy strengthens sales focus through Executive Board changes

- Marcus Binder appointed new CSO Defense & Security

- Hans Pol focuses on leadership of the Power Electronics Business, PBF Group B.V., to ensure continuation of PBF's successful reorientation and development

- Contract of CEO Dr. Peter Podesser extended for another three years until March 2020

Brunnthal/Munich, Germany, December 16, 2016 - SFC Energy, a leading provider of hybrid power solutions to the stationary and mobile power generation markets, has made changes in its Management Board to strengthen the Company's sales orientation in the attractive industrial Defense & Security and Power Product markets:

Effective January 1, 2017 Hans Pol will focus exclusively on the power electronic business of SFC Energy's Dutch daughter PBF Group B.V. After successful reorientation, the power products company PBF acquired several major international orders in the recent past and continues to show robust growth.

As Chief Sales Officer specifically for the highly attractive defense and security segment, the Supervisory Board has appointed Marcus Binder, a proven defense expert. After 13 years as a Bundeswehr Officer, Binder was ProductLifeCycle Manager at ESG Elektroniksystem- und Logistik-GmbH, an electronic system and logistics system integrator for the Defense & Public Security, Cyber/IT and Automotive markets. Effective March 1, 2017, at the latest, Binder will initially take over sales of SFC products and services to the German defense market. Successively, it is planned that he will take over responsibility for national and international sales of SFC Energy's fuel cells from Dr. Peter Podesser.

In the context of the changes of SFC Energy's Management Board, the Company's CEO, Dr. Peter Podesser, will concentrate on broadening the Company's investor base and on the strategic development of SFC Energy. His responsibilities for the oil & gas business, research & development, human resources and operations remain unchanged. In December 2016, the Supervisory Board has extended the contract with Dr. Podesser for another three years, until March 2020.

"We welcome Marcus Binder, a proven defense professional with an excellent industry network, to the Management Board of SFC Energy", says Tim van Delden, Chairman of SFC Energy's Supervisory Board. "SFC Energy's power supply and back up solutions bring significant added value to off-grid defense, security and industry applications, for government and industry users alike. We increase focus throughout the Executive team to create the conditions for successful growth in key markets in the coming years. The extension of Dr. Podesser's contract ensures continuity and stability in SFC Energy's strategic development".

Additional information on SFC Energy, PBF Group B.V. and Simark Controls, and SFC Group's power products, power generators and oil & gas portfolio atwww.sfc.com, www.pfbgroup.nl and www.simarkcontrols.com.

About SFC Energy Group SFC Energy AG (www.sfc.com) is a leading provider of hybrid solutions to the stationary and portable power generation markets. SFC is the number one supplier of fuel cells, with over 35,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil & Gas, Security & Industry and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada, and sales offices in the U.S and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN: 756857 ISIN: DE0007568578).

SFC Press Contact: Ulrike Schramm SFC Energy AG Eugen-Sänger-Ring 7 D-85649 Brunnthal Tel. +49 89 673 592-377 Fax. +49 89 673 592-169 Email: pr@sfc.com

16.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English ISIN: DE0007568578

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