myFC Holding AB (publ) interim report January – March 2019

Quarter January – March 2019

  • Net sales amounted to SEK 0 (180,000)
  • Operating profit amounted to SEK -24 million (-19)
  • Earnings per share amounted to SEK -0,34 (-0,53)

Significant events January – March

  • myFC raises the energy level of the company's fuel card after chemical engineering breakthroughs
  • myFC receives order for 2 000 JAQ Hybrid chargers from South Africa
  • myFC to develop smart cases for smartphones
  • myFC dismantles its share in joint venture and plans new structure in China
  • myFC decides on a rights issue of up to 56 MSEK for offensive investments in the integration of fuel cells in smartphones and vehicles
  • myFC receives order from JAQ Hybrid from Swedish distributor RLVNT
  • myFC and Chinese electric car manufacturer Hozon Auto in feasibility study for LAMINA REX
  • myFC in joint development project for LAMINA REX with Gränges AB

Significant events after the end of the period

  • myFC's Board of Directors and Executive Management participate in the rights issue
  • myFC receives repeat order of JAQ Hybrid from Japan
  • myFC's rights issue raises SEK 40 million
  • myFC Holding’s Board of Directors appoints Peter Friedrichsen as new president and CEO

Comment from CEO Peter Friedrichsen:
“There are few areas that are currently as exciting and as current as fuel cells. The interest in fuel cell technology and how it can solve our societal challenges is enormous. At myFC, there are people who have worked with fuel cell technology for a long time and who have both broad and deep expertise. This is our starting point.”

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 31 May 2019.

For further information, please contact: 
myFC Press Office 
Email:  press@myfc.se 
Phone: +46 (0) 738 09 33 83

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

About myFC
MyFC is a Swedish innovation company, world leader in micro-fuel cells. myFC develops technology which co-locates batteries and fuel cells and which is charged with a green, hydrogen-generating fuel consisting of water, salt and reactants. The company's offerings LAMINA MAX, LAMINA INcase and JAQ Hybrid are aimed at the smartphone industry while LAMINA REX targets the automotive industry. MyFC was founded in 2005 and was listed on NASDAQ | First North in 2014. Its headquarters are in Stockholm. For more information, 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 in 2014. Its headquarters are in Stockholm. For more information, visit myfc.se

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