Swedish fuel cell developer PowerCell receives its first order of the S2 fuel cell stack platform

Nordic leading fuel cell company PowerCell Sweden AB (publ) has received the first order for its 'next generation' fuel cell stack platform, the S2. "We are very happy that the Hannover fair gained good attraction to the new stack platform and resulted in our first sale of the S2 platform", said Andreas Bodén, Director of Marketing and Sales Manager at PowerCell Sweden AB.

The leading fuel cell company PowerCell Sweden launched the next-generation fuel cell stack platform, S2, at the Hannover Fair in April this year, which gained great interest from the industry. This has now led to the company receiving its first order for the S2 platform. A German company has ordered two fuel cell stacks of the S2 platform of 25 kW each. The fuel cell stacks will be delivered in August and September.

"We are very happy that the Hannover fair gained good attraction to the new stack platform and resulted in our first sale of stacks from the S2 platform. To get the S2 fuel cell stack platform into production and start to sell it is also one of the main goals for PowerCell Sweden this year", said Andreas Bodén, Director of Marketing and Sales at PowerCell Sweden AB.

The S2 platform complements the company's first generation fuel cell stack, the S1 (1-5 kW), as it covers a larger power range from 5 kW up to 25 kW, still with the same tolerance towards CO and reformate gas as S1. Another feature is the capability for extensive starts and stops. This feature means that battery buffers can be kept to a minimum. PowerCell S2 fuel cell stack platform is; efficient, unique, patented and designed for low-pressure drop.

PowerCell has developed fuel cell technologies for more than a decade, and has perfected a unique design that enables the production of a light, versatile and reliable source of power for automotive, transportation and stationary applications. PowerCell's S2 fuel cell stack can run on pure hydrogen, but also be part of a fuel cell system, 'Powerpac', which converts gas into electricity in an energy efficient and environmentally friendly manner, with minimal exhaust emissions and quiet operations.

Gothenburg, Sweden, June 22, 2015

For additional information please contact:
Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 76 553 37 71
Email: per.wassen@powercell.se

About PowerCell Sweden AB (publ)
PowerCell is a leading energy technology company with a unique and patented technology for generating electricity from fuel cells in an efficient and environmentally friendly way. PowerCell develops and distributes advanced fuel cell systems for the transport industry, the telecommunication industry and the military sector. PowerCell has developed fuel cell technology for more than a decade, and has perfected a unique design that enables the production of a lightweight, versatile and reliable power source for automotive, transport and stationary applications.

PowerCell's fuel cell system converts road diesel to electricity in an energy efficient and environmentally friendly manner, where exhaust fumes and toxic emissions are eliminated and are quiet in operation. The electricity can be used for climate control in trucks and other heavy- duty vehicles and eliminate idling when resting and loading/unloading.

PowerCell is a spinout from the Volvo Group with the objective to develop and produce environmentally friendly power systems based on a unique fuel cell and reformer technology that matches existing fuel infrastructures. PowerCell is based in Gothenburg and is owned by Volvo Group Venture Capital, Fouriertransform, Midroc New Technologies and Finindus. For further information, please visit: www.PowerCell.se

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