SFC Energy AG, DE0007568578

SFC Energy AG, DE0007568578

09.10.2018 - 07:33:44

SFC Energy: Simark Controls delivers follow-up order for fully integrated VFD Systems

SFC Energy AG - Press Release

SFC Energy: Simark Controls delivers follow-up order for fully integrated VFD Systems

- Alberta Oil Producer placed a follow-up order for more of Simark's successful, fully integrated Variable Frequency Drive Systems (VFDs).

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

- Total order amount: CAD 0.5 million.

Brunnthal/Munich, Germany, October 9, 2018 - Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has delivered another follow-up order for their fully integrated Variable Frequency Drive systems (VFDs) to an Alberta Oil Producer. The order amounts to CAD 0.5 million.

These 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.

"We continue to adapt our Variable Frequency Drive solutions to suit the unique requirements of each one of our users", says Mark Vandenbrink, Vice-President Drives & Motor Control of Simark Controls. "Oil & gas producers are looking for intelligent customized solutions to help them increase their performance, automate their operations, reduce their integration and operating costs, and facilitate their logistics. Our Simark systems portfolio is perfectly suited to meet all these demands."

In addition, hybrid EFOY Pro fuel cell/solar solutions by Simark Controls feature attractive logistics and operations cost savings over conventional power supplies. They offer extremely long system autonomy for months on end - maintenance-free, fully automatic, independent of weather and season, and environmentally friendly.

Additional information on SFC Energy's off-grid power portfolio for oil & gas, clean energy & mobility, industry and security & safety at www.sfc.com. Additional information on Simark Controls at www.simarkcontrols.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 40,000 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. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN: 756857 ISIN: DE0007568578).

SFC Press Contact: Ulrike Bienert-Loy 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

09.10.2018 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: ir@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

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