myFC Holding AB (publ) interim report January – June 2020
Quarter April – June 2020
- Net sales amounted to SEK 0 (0)
- Operating loss amounted to SEK -15 million (-107)
- Earnings per share amounted to SEK -0.10 (-1.37)
Significant events April – June
- Michael Glantz appointed CEO of myFC
- Sebastian Weber appointed CTO of myFC
- myFC demonstrates hybrid concept for electric vehicles
Significant events after the end of the period
- Extraordinary general meeting resolves targeted new share issues
generating approximately 52 million SEK.
Comment from CEO Michael Glantz:
”On June 17, we demonstrated a fully functional concept vehicle using our fuel cell technology for electric propulsion. It was a milestone and an example of what our technology, integrated into our customers’ applications, is capable of. In essence, we showed how our hydrogen fuel cells can offset and solve some of the pain points of batteries, supporting the global shift to electrification. Adding to that, our small and modular fuel cell provides unparallel freedom in design. Representatives from the automotive and hydrogen industries discussed market maturity and demand in a panel discussion which can be found on our website. We are now at a point in time when the maturity of our technology matches the readiness of the market.
Last month, I issued my first Executive Brief. I intend to do so continuously. In the Executive Briefs, I will share updates and reflections on market developments as well as extended reading about news issued by us. You will be able to find (and subscribe to) the Executive Briefs on our website.”
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 below, at 08:00 CET on 24 July 2020.
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
