PowerCell Sweden receives 25 MSEK order for fuel cell systems for aerospace drivetrain research

PowerCell Sweden AB has received an order for several MS-100 fuel cell systems for non-commercial use from a European research center.

The order is worth a total of MSEK 25 and will be delivered during the second half of 2021.

The research center will use the systems in a test environment for hydrogen electric, fuel cell-based aerospace drivetrains.

For further information, please contact:

Richard Berkling                                                           Mårten Wikforss

CEO, PowerCell Sweden AB (publ)                                 Investor Relations
Phone: +46 (0) 31 720 36 20                                            Phone: +46 (0)705 59 11 49
Email: richard.berkling@powercell.se                           Email: marten.wikforss@powercell.se

This information is insider information that PowerCell Sweden AB (Publ) 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 above, at 11:50 CET on April 06, 2021.

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.