21 Jun 2024, Press Releases

SFC Energy AG celebrates the official grand opening of its US subsidiary to support dynamic growth with Utah Governor Spencer J. Cox and long-standing customer LiveView Technologies, Inc.

Brunnthal/Munich, Germany; Orem, USA, June 21 2024 – SFC Energy AG (“SFC”, F3C:DE, ISIN: DE0007568578), a leading provider of hydrogen and methanol fuel cells for stationary, portable and mobile hybrid power solutions, celebrates its official grand opening of US subsidiary SFC Energy LLC in Orem, Utah near the state capital Salt Lake City.

The decision to open a new SFC site in the United States of America – as announced in December 2023 – results from a thoughtful selection process. The long-standing and trusted relationship with SFC partner and deeply respected customer LiveView Technologies, located nearby, as well as the strong demand for clean energy supply based on direct methanol fuel cell technology (DMFC) and hydrogen fuel cell technology, provided a sound entry point. Utah, particularly the greater Salt Lake City area, was selected for its strategic advantage of bringing services and logistics closer to the market and customers, bolstered by its excellent skilled workforce and status as a great logistical hub. SFC Energy LLC integrates sales, customer service, and logistics, setting a foundation for further expansion and organic growth within the US, focusing on the growing US market for clean energy solutions. It will serve a steadily rising number of various types of industrial back-up and off-grid power customers as well as the US defense sector and industry.

Spencer J. Cox, Governor of Utah: “Utah is proud to be a technology hub with a highly skilled labor force, making SFC Energy, a champion in fuel cell technology, a perfect fit for our state. Our hydrogen and general renewable energy initiatives align perfectly with SFC Energy’s product offerings and core values. We are proud to provide a great environment for companies like SFC, thanks to our excellent logistics and skilled workforce.”

Ryan Porter, CEO of LVT, commented: “We are thrilled to have one of our core suppliers in close proximity to our facility. The technology and partnership with SFC Energy are essential components for us to lead in safety and security applications. We are excited to further strengthen our relationship.”

Dr Peter Podesser, CEO of SFC Energy AG: “We are honored and happy to share today’s significant milestone in SFC’s history with Governor Spencer J. Cox and Ryan Porter and his team of our valued customer LiveView Technologies. Our new US-site allows us to support our existing customers more effectively and reach out to new ones across the United States. Moving closer to our customers on their home turf has proven to be a successful strategy for SFC in key target markets worldwide and is a key pillar of our growth plan. Expanding, especially in the US, over time will also require to assess building up production capacities, which is strongly supported by the increasing demand for sustainable energy solutions.”

Further information on SFC Energy’s Clean Energy and Clean Power Management solutions can be found at www.sfc.com.

About SFC Energy AG

SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and methanol fuel cells for stationary, portable and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 65,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich and has operating subsidiaries in Canada, India, the Netherlands, Romania, the United Kingdom, and the United States of America. SFC Energy AG is listed on the Deutsche Boerse Prime Standard and has been part of the selection index SDAX since 2022 (GSIN: 756857, ISIN: DE0007568578).

About LiveView Technologies, Inc.

LiveView Technologies, Inc. (LVT) is an enterprise SaaS and Platform-as-a-Service (PaaS) solution for remote live video, safety surveillance, IoT, and analytics gathering, processing, and delivery. LVT is trusted by some of the largest and most well-known organizations in the world to keep their properties safe. For more information visit www.lvt.com.

SFC Investor Relations and Press:

CROSS ALLIANCE communication GmbH.

Susan Hoffmeister.

Phone +49 89 125 09 03-33.

Email: [email protected].

Web: www.sfc.com.