China’s largest mobile phone distributor purchases JAQ fuel cell chargers from Swedish myFC

Swedish myFC has received an order of 1000 fuel cell chargers and their respective charging cards from China’s largest mobile phone distributor, Telling Communication. Telling has costumers such as China Mobile and China Telecom, the two largest mobile operators in the world.

Deliveries of JAQ to Telling start just after the end of this year, and the long term mutual vision is to have a multiyear collaboration on the fuel cell chargers in the Chinese market through a comprehensive cooperative agreement. The order is of strategic importance and the initial order value will not exceed 0.5 MSEK.

The agreement is the result of myFC establishing itself in China earlier this year, when myFC with China’s investment company Novel Unicorn, started the joint-venture company myFC Asian and thereby myFC China.

-        The interest for green mobile energy technology is tremendous in China, and the understanding of its potential is high. It is our privilege at myFC to be the only supplier in the world who has such an effective fuel cell and fuel. We look forward to the future of working with Telling. The cooperation with Telling and the discussions between over twenty operators all over the world, has opened doors to a large volume production. This results in an essential decrease in production costs, allowing successful entrance into a multitude of markets – says Björn Westerholm, CEO at myFC.

Telling is China’s largest mobile phone distributor and concurrently the country’s largest distributor of iPhones. With nearing one billion costumers, Telling’s costumer China Mobile is not just China’s but also the world’s largest mobile phone operator.

For more information, please contact: 
Björn Westerholm, CEO 
Email: bjorn.westerholm@myfc.se 
Phone: +46 (0) 706 56 20 07 

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:10 CET on 17 of November 2016.  

About myFC
myFC is a Swedish innovation company that develops energy solutions using fuel cell technology. The company has launched several portable fuel cell chargers for small electronics such as cell phones, cameras and tablets. Fuel cells use environmentally friendly technology that enables instant charging from a depleted battery state without needing a wall charge. myFC was founded in 2005, has its head office in Stockholm and was listed on the NASDAQ First North in May 2014. The company’s Certified Advisor is Remium Nordic AB. To learn more, please visit www.myfcpower.com

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