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SFC Energy strengthens sales focus through Executive Board changes

DGAP-News: SFC Energy AG / Key word(s): Change of Personnel
SFC Energy strengthens sales focus through Executive Board changes

16.12.2016 / 10:00

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SFC Energy AG - Press Release

SFC Energy strengthens sales focus through Executive Board changes

- Marcus Binder appointed new CSO Defense & Security

- Hans Pol focuses on leadership of the Power Electronics Business, PBF
Group B.V., to ensure continuation of PBF's successful reorientation
and development

- Contract of CEO Dr. Peter Podesser extended for another three years
until March 2020

Brunnthal/Munich, Germany, December 16, 2016 - SFC Energy, a leading
provider of hybrid power solutions to the stationary and mobile power
generation markets, has made changes in its Management Board to strengthen
the Company's sales orientation in the attractive industrial Defense &
Security and Power Product markets:

Effective January 1, 2017 Hans Pol will focus exclusively on the power
electronic business of SFC Energy's Dutch daughter PBF Group B.V. After
successful reorientation, the power products company PBF acquired several
major international orders in the recent past and continues to show robust
growth.

As Chief Sales Officer specifically for the highly attractive defense and
security segment, the Supervisory Board has appointed Marcus Binder, a
proven defense expert. After 13 years as a Bundeswehr Officer, Binder was
ProductLifeCycle Manager at ESG Elektroniksystem- und Logistik-GmbH, an
electronic system and logistics system integrator for the Defense & Public
Security, Cyber/IT and Automotive markets. Effective March 1, 2017, at the
latest, Binder will initially take over sales of SFC products and services
to the German defense market. Successively, it is planned that he will take
over responsibility for national and international sales of SFC Energy's
fuel cells from Dr. Peter Podesser.

In the context of the changes of SFC Energy's Management Board, the
Company's CEO, Dr. Peter Podesser, will concentrate on broadening the
Company's investor base and on the strategic development of SFC Energy. His
responsibilities for the oil & gas business, research & development, human
resources and operations remain unchanged. In December 2016, the
Supervisory Board has extended the contract with Dr. Podesser for another
three years, until March 2020.

"We welcome Marcus Binder, a proven defense professional with an excellent
industry network, to the Management Board of SFC Energy", says Tim van
Delden, Chairman of SFC Energy's Supervisory Board. "SFC Energy's power
supply and back up solutions bring significant added value to off-grid
defense, security and industry applications, for government and industry
users alike. We increase focus throughout the Executive team to create the
conditions for successful growth in key markets in the coming years. The
extension of Dr. Podesser's contract ensures continuity and stability in
SFC Energy's strategic development".

Additional information on SFC Energy, PBF Group B.V. and Simark Controls,
and SFC Group's power products, power generators and oil & gas portfolio
atwww.sfc.com, www.pfbgroup.nl and www.simarkcontrols.com.

About SFC Energy Group
SFC Energy AG (www.sfc.com) is a leading provider of hybrid solutions to
the stationary and portable power generation markets. SFC is the number one
supplier of fuel cells, with over 35,000 fuel cells sold to date. The
Company has award-winning products and serves a range of applications in
the Oil & Gas, Security & Industry and Consumer markets. The Company is
headquartered in Brunnthal/Munich, Germany, operates production facilities
in the Netherlands, Romania, and Canada, and sales offices in the U.S and
Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN:
756857 ISIN: DE0007568578).

SFC Press Contact:
Ulrike Schramm
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. [phone]
Fax. [phone]
Email: [e-mail]


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16.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
ISIN: DE0007568578



End of News DGAP News Service
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530495 16.12.2016