myFC sign an exclusive agreement for the fuel cell charger JAQ in UAE
Swedish myFC have signed an initial agreement with a Telecommunications service provider in UAE, allowing the carrier the exclusive rights to sell, distribute and market myFC’s new fuel cell charger JAQ in the UAE starting in Q2 2016.
The agreement between the companies regulates an exclusive right for the carrier to sell, distribute and market myFC’s new fuel cell charger JAQ and the associated power cards to the carriers customers including distribution of JAQ in the company’s shops in the region.
MyFC JAQ is a revolutionary fuel cell device that creates its own electricity with a slim, recyclable single-use PowerCard, based on water and salt. The PowerCard delivers about one full smartphone charge. The PowerCards are disposable, and the only emmission they give off in the creation of electricity is water vapour and heat.
In the agreement, both partners agreed on pricing for the product and target volumes. The agreed time frame is set to start selling JAQ in the UAE domain beginning Q2 in 2016.
For further questions, please contact:
Björn Westerholm, CEO
E-mail: 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 so far 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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