DGAP-News

SFC Energy Announces CAD 1.3 million (EUR 0.9 million) purchase order from major international oil & gas producer

DGAP-News: SFC Energy AG / Key word(s): Miscellaneous
SFC Energy Announces CAD 1.3 million (EUR 0.9 million) purchase order
from major international oil & gas producer

10.08.2015 / 07:30

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SFC Energy AG - Corporate News

SFC Energy Announces CAD 1.3 million (EUR 0.9 million) purchase order from
major international oil & gas producer

- Order received by SFC Energy's Canadian subdivision Simark Controls, an
established supplier of high quality integrated solutions for the oil &
gas industry worldwide

- Order amount: CAD 1,3 million (EUR 0.9 million)

- Project timeline for delivery is late 2015

Brunnthal/Munich, Germany, and Calgary, Canada, August 10, 2015 - SFC
Energy AG (F3C:DE), a leading provider of hybrid power solutions to the
stationary and mobile power generation markets, today announced the receipt
of a CAD 1.3 million (EUR 0.9 million) purchase order from a major
international oil producer by SFC Energy's Canadian subdivision Simark
Controls Ltd. (Simark). With this order Simark, an established supplier of
high quality custom integrated and manufactured solutions to the
international oil & gas industry, continues to demonstrate growth in value
added integration services offered to the oil and gas business sector in
North America.

The purchase order scope of supply consists of a Variable Frequency Drive
(VFD) electrical house for submersible pumps (ESPs). Based on their long,
established integration expertise, Simark will supply the electrical house
complete with VFD, transformer platform, all associated electrical
Installation and wiring, as well as all associated components needed for
unattended pump operation in any weather. Benefits enabled by Simark's
integrated VFD electrical house solution are significantly improved pump
uptimes as well as optimized pump operation and oil production.

Simark Controls will provide product design, manufacturing, integration
services, project management, factory acceptance and commissioning services
for this project. The project timeline for delivery is late 2015.

Simark will integrate the new electrical house VFD system design to become
a basis for their standard product offering to encourage other oil
producers to utilize the technical expertise and the resulting oil and gas
production advantages of Simark's value added services and products.

Dr. Peter Podesser, CEO of SFC Energy, stated, "We are very proud to have
received this order by a major oil producer. It is another example of our
strong systems integration expertise translated in a high quality, high
reliability systems solution to customer specification. It is our mission