MyFC receives order for 500 JAQ Hybrid from Lightec in Japan

MyFC has received an order for 500 units of its fuel cell charger JAQ Hybrid and associated power cards from Japanese Lightec. The order is part of a non-exclusive distribution agreement between myFC and Lightec. The order value does not exceed 0.5 million SEK.

Lightec has a nationwide distribution network in Japan, delivering smartphone accessories to retail chains such as 7-Eleven and mobile operator stores, including KDDI and Softbank. They are also active in e-commerce. Lightec intends to launch JAQ Hybrid in Japan at the end of the third quarter.

"Japan is one of the world's most advanced smartphone countries, and I'm particularly pleased with Lightec's presence in convenience store chains such as 7-eleven. This provides consumers with easy and reliable availability of our power cards, and gives the stores a nice upside in terms of recurring revenue from the cards," says Max Rydahl, Sales and Marketing Director at MyFC.

Delivery of 500 JAQ Hybrid chargers is scheduled to take place at the end of the third quarter 2018.

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 1 June 2018.

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

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

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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