MyFC Holding (publ) financial report January – December 2016

Significant events October – December

  • Commercial breakthrough: multimillion contract for JAQ with China’s largest mobile distributor, Telling Communications
  • Technical breakthrough: global first as myFC demonstrates a functioning fuel cell integrated into a smartphone
  • Key patent approved in Korea
  • Stock option redemption raises SEK 7.3 million

Significant events after the end of the period

  • Technological breakthrough: LAMINA™Thin Film, the world’s thinnest fuel cell
  • Jörgen Lantto joins the myFC Board of Directors and invests in the company
  • Redemption of options plan raises SEK 25.9 million

Comment from Björn Westerholm, CEO of myFC:

“2016 was an eventful and intense year for us at myFC. We demonstrated the potential of fuel cells in smartphones, strengthened our technology and signed a breakthrough contract on the world’s largest smartphone market. We strengthened our IP portfolio, our production of fuel cards, our board of directors, our organization, and our finances. I look forward to 2017 with confidence.”



For further information, please contact:

myFC Press Office
Email: press@myfc.se
Phone: +46 (0) 738 09 33 83

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 08:00 CET on 24 of February 2017.  

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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About Us

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

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