myFC intends to sell PowerTrekk assets

myFC Holding AB has retained Value Position AB as a financial and strategic advisor to explore the possibility of divesting all assets in relation to the myFC PowerTrekk product family. 

The company will focus wholly on the new JAQ product range. JAQ is based on a different technology. Both the fuel cell and the fuel platform including charging logic is different and therefore it is easy to divide assets between PowerTrekk and JAQ.

The PowerTrekk assets will include IP and PowerTrekk related brands, manufacturing machinery, component stocks, among other product centered components.

“The divestment project that we have now started is consistent with the company's stated objective of focusing on the new JAQ product line. For myFC, it is vital to take the next step and focus exclusively on JAQ. The first JAQ product will enter the market in Q4 2015.” says Björn Westerholm, CEO at myFC.

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

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