SFC Energy AG, DE0007568578

SFC Energy AG, DE0007568578

13.03.2018 - 07:35:06

SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.2 million follow up order for proprietary Variable Frequency Drive Systems

SFC Energy AG - Press Release

SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.2 million follow up order for proprietary Variable Frequency Drive Systems (VFDs)

- Oil producer places major follow up order based on the success of Simark's integrated solutions in their applications.

- Simark's VFD systems help the oil producer to significantly reduce costs with unique installation and operation benefits.

Brunnthal/Munich, Germany, March 13, 2018 - Simark Controls Ltd., a subsidiary of SFC Energy (ISIN: DE0007568578), leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a new follow up order for their proprietary Variable Frequency Drive systems (VFDs) from an existing customer in the Alberta oil sands. The orders amount to approx. CAD 1.2 million.

VFD Systems operate electric submersible pumps (ESPs) used to artificially lift heavy oil from well-pads. The VFDs significantly reduce installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.

"This major follow up order clearly illustrates the high performance and operational excellence of our VFD solutions", says Martin Curtis, President and General Manager of Simark Controls. "They bring speed, reliability, precision and major cost savings to oil and gas production."

Additional information on SFC Energy's off grid power portfolio for security & safety, oil & gas, wind, traffic management, environmental and telecommunication applications at www.sfc-defense.com, www.efoy-pro.com and www.sfc.com. Additional information on Simark Controls at www.simark.com.

About Simark Controls Ltd. Simark Controls Ltd., a company of SFC Energy AG, is a service oriented, value added sales company specializing in custom integrated and manufactured solutions of high quality instrumentation, automation, energy and power products. Simark provides instrumentation & measurement systems, power components & drives, security & surveillance equipment for the oil & gas industry and mining, forestry & community supply markets. The Company is headquartered in Calgary, Alberta, with sales offices in Edmonton and Grand Prairie, Alberta, Saskatoon, Saskatchewan, Vancouver, British Columbia and Montreal, Quebec.About SFC Energy Group SFC Energy AG 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 39,000 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

13.03.2018 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 Company: SFC Energy AG Eugen-Saenger-Ring 7 85649 Brunnthal

Germany 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

662589  13.03.2018 

@ dgap.de

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