myFC raises the energy level of the company's fuel cards following chemical engineering breakthroughs

myFC increases the energy level in the company's PowerCards and offers a card with up to 31,000 Joules.

The new card has been designed to charge JAQ Hybrid, myFC's fuel cell-based power bank. The increased energy content of the new card means that end users can get considerable more talk time from their smartphone with a single card, becoming wholly independent of a wall outlet regardless when and where the need for more power arises. The existing 17,000 Joule fuel card will be phased out over time. myFC’s chemical breakthrough is a large step towards meeting the company’s strategic objectives by paving the way for greater market penetration. The card is now in the process of being adapted to charge an integrated fuel cell in a smartphone, LAMINA MAX.

“We are nearly doubling the energy content in this card compared to the previous card. This reinforces our work to accelerate sales and the penetration of fuel cells through LAMINA MAX and JAQ Hybrid. We will now begin to market the new card – I am incredibly proud of the team and the results they have achieved,” says Torbjörn Möller, Chief Operating Officer for myFC.

The card is compatible with the JAQ Hybrids already available on the market. The chemical breakthroughs behind the new cards open up for further improvements in energy content and customer experience.

“There is long and intense development work behind these chemical engineering breakthroughs, which among other things include new reaction components. We’re defending our technology and strong patent portfolio, we’re increasing the distance to the competition, and we continue to push the development of green fossil-free fuels forward,” says Michael Glantz, Chief Technology Officer for myFC.

myFC's fuel card contains water, salts and reaction components, which together form the hydrogen gas which then charges the battery of the power bank JAQ Hybrid.

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 07:50 CET on 6 February 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 and market leader in micro fuel cells which develops green energy solutions and markets the underlying components and advantages of its patented technologies to the smartphone world, power bank manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com

Tags:

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

Subscribe

Quotes

We’re defending our technology and strong patent portfolio, we’re increasing the distance to the competition, and we continue to push the development of green fossil-free fuels forward.
Michael Glantz, Chief Technology Officer for myFC