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myFC granted new patent in Brazil that enables reduced manufacturing cost

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The Brazilian patent office The National Institute of Industrial Property (INPI) has granted Swedish micro fuel cell company myFC a patent for one of the company’s inventions. The solution described in the patent enables reduced manufacturing cost through a reduced number of components.

The patented innovation makes the manufacturing of a polymer electrolyte membrane fuel cell easier and more cost effective. More specifically, the patent comprises a novel way of assembling the fuel cells using spot welding, which in turn enables fewer components.

The technology covered in the patent is especially applicable for electric bikes, electric scooters and autonomous mobile robots (AMR), used in manufacturing industries.

“This patent is further evidence of our technological edge in the segments we are focused on – 2-4 wheelers, marine applications, and their auxiliary systems. Every industry seeks to simplify production and reduce cost. That makes innovations such as ours, which minimize the number of components, very desirable,” says Michael Glantz, CEO of myFC.

This specific patent has previously been granted in China, Mexico, Japan, Canada, South Korea, the EU, and the United States. myFC’s global patent portfolio consists of more than 100 approved patents and ongoing patent applications.

This disclosure contains information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-11-2020 08:00 CET.

For further information, please contact: 
myFC Press Office 
Mail:  press@myfc.se 
Phone: +46 738 09 33 83

Certified Adviser
Avanza Bank
Mail: corp@avanza.se
Phone: +46 8 409 421 20

About myFC
Swedish innovation company myFC offers thin, scalable fuel cells that are easy to dimension and adapt to any electric application. myFC develops hybrid technology solutions combining batteries and hydrogen-based micro fuel cells for extended usage and reduced carbon footprint. The company was founded in 2005 and was listed on NASDAQ First North Growth Market in 2014. Its headquarters are in Stockholm. For more information, visit myFC.se

Quotes

This patent is further evidence of our technological edge in the segments we are focused on – 2-4 wheelers, marine applications, and their auxiliary systems. Every industry seeks to simplify production and reduce cost. That makes innovations such as ours, which minimize the number of components, very desirable.
Michael Glantz, CEO myFC