PowerCell presents interim report

The leading Nordic fuel cell company PowerCell Sweden AB (publ) presents interim report for Q2 2017. The company describes a continued increase in customer interest and a constantly increasing number of requests from companies wanting to test PowerCell's products and prototypes.

The quarterly sales efforts and successful directed share issue, which included a capital injection of MSEK 225 before issue costs, confirms the transition of PowerCell: From a technically-oriented start-up company with focus on development, into an innovative commercial pioneering company with products designed for mass production. The quarter's net sales amounted to TSEK 5 996, which is more than twice as much as the second quarter of 2016.

"We see a continued increase of customer interest and get a constantly increasing number of requests from companies wanting to test PowerCell's products and prototypes. The continued heat records that are measured around the world remind us that it is urgent to switch to environmentally friendly alternatives and to invest in hydrogen and fuel cell technology", says Per Wassén, CEO of PowerCell Sweden AB.

During the second quarter, PowerCell has announced a non-binding letter of intent with German authorities. The project, called AutoStack-Industrie, aims to develop the PowerCell S3 as a common technology platform for the German automotive industry. The project includes BMW, Daimler, Ford and Volkswagen, amongst others.

"The interest for fuel cells is growing, and we want to make it easy for customers to implement environmentally friendly alternatives. During the quarter we have formed a joint venture with Norwegian Nel ASA and Hexagon Composites to develop integrated hydrogen solutions and together create a one-stop-shop for the customers", says Per Wassén.

Together with the interest group Vätgas Sweden, PowerCell participated in the Almedalsveckan in Visby, where the need for fossil-free transport was discussed intensively.

"We are pleased that politicians at regional and local level start to take initiatives to enable this also in Sweden. For example, Västra Götaland has contributed to the realization of the hydrogen station Mariestad municipality has built", says Per Wassén and concludes:

"We are in a major technology shift and through our platform strategy, that is based on products that can be easily customized and used in different customer applications, we are well positioned to  meet the  upcoming growth, thus creating value for the environment and society as well as for customers and PowerCell's shareholders."

Gothenburg, Sweden, August 18, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@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 08:45 CET on August 18, 2017.

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics, which develops and produces environmentally friendly power systems for stationary and mobile customer applications.

PowerCell has developed a modular system of fuel cell platforms, powered by clean environmentally friendly produced hydrogen where only electricity, heat and water are emissions. The fuel cells are also designed to handle the reformed hydrogen from e.g. biogas, natural gas, biodiesel or standard diesel.

In case hydrogen infrastructure is missing, PowerCell has combined its leading fuel cell and reformer technology and developed a fuel cell system, PowerPac, which converts standard diesel, with hydrogen, into electricity. This is done in an energy efficient and environmentally friendly way, in which emissions of carbon monoxide, nitrogen oxides and particles are completely eliminated and the carbon dioxide is greatly reduced compared with a conventional diesel engine.

PowerCell Sweden AB (publ) is listed on First North at Nasdaq Stockholm and is an industrial spinout from the Volvo Group. G&W Fondkommission is appointed Certified Adviser by the Company. Among the largest owners are Midroc New Technology, Fouriertransform, Finindus and Volvo Group Venture Capital. For additional information, please visit: www.powercell.se.

PowerCell presents interim report

The leading Nordic fuel cell company PowerCell Sweden AB (publ) presents interim report for Q2 2017. The company describes a continued increase in customer interest and a constantly increasing number of requests from companies wanting to test PowerCell's products and prototypes.

The quarterly sales efforts and successful directed share issue, which included a capital injection of MSEK 225 before issue costs, confirms the transition of PowerCell: From a technically-oriented start-up company with focus on development, into an innovative commercial pioneering company with products designed for mass production. The quarter's net sales amounted to TSEK 5 996, which is more than twice as much as the second quarter of 2016.

"We see a continued increase of customer interest and get a constantly increasing number of requests from companies wanting to test PowerCell's products and prototypes. The continued heat records that are measured around the world remind us that it is urgent to switch to environmentally friendly alternatives and to invest in hydrogen and fuel cell technology", says Per Wassén, CEO of PowerCell Sweden AB.

During the second quarter, PowerCell has announced a non-binding letter of intent with German authorities. The project, called AutoStack-Industrie, aims to develop the PowerCell S3 as a common technology platform for the German automotive industry. The project includes BMW, Daimler, Ford and Volkswagen, amongst others.

"The interest for fuel cells is growing, and we want to make it easy for customers to implement environmentally friendly alternatives. During the quarter we have formed a joint venture with Norwegian Nel ASA and Hexagon Composites to develop integrated hydrogen solutions and together create a one-stop-shop for the customers", says Per Wassén.

Together with the interest group Vätgas Sweden, PowerCell participated in the Almedalsveckan in Visby, where the need for fossil-free transport was discussed intensively.

"We are pleased that politicians at regional and local level start to take initiatives to enable this also in Sweden. For example, Västra Götaland has contributed to the realization of the hydrogen station Mariestad municipality has built", says Per Wassén and concludes:

"We are in a major technology shift and through our platform strategy, that is based on products that can be easily customized and used in different customer applications, we are well positioned to  meet the  upcoming growth, thus creating value for the environment and society as well as for customers and PowerCell's shareholders."

Gothenburg, Sweden, August 18, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@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 08:45 CET on August 18, 2017.

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics, which develops and produces environmentally friendly power systems for stationary and mobile customer applications.

PowerCell has developed a modular system of fuel cell platforms, powered by clean environmentally friendly produced hydrogen where only electricity, heat and water are emissions. The fuel cells are also designed to handle the reformed hydrogen from e.g. biogas, natural gas, biodiesel or standard diesel.

In case hydrogen infrastructure is missing, PowerCell has combined its leading fuel cell and reformer technology and developed a fuel cell system, PowerPac, which converts standard diesel, with hydrogen, into electricity. This is done in an energy efficient and environmentally friendly way, in which emissions of carbon monoxide, nitrogen oxides and particles are completely eliminated and the carbon dioxide is greatly reduced compared with a conventional diesel engine.

PowerCell Sweden AB (publ) is listed on First North at Nasdaq Stockholm and is an industrial spinout from the Volvo Group. G&W Fondkommission is appointed Certified Adviser by the Company. Among the largest owners are Midroc New Technology, Fouriertransform, Finindus and Volvo Group Venture Capital. For additional information, please visit: www.powercell.se.

PowerCell deltar i EU-projekt för att minska kostnaderna för vätgas som bränsle

EU har beslutat att godkänna projektet HYDRAITE som ska utveckla teknik för att sänka kostnaden för vätgas. PowerCell Sweden AB (publ) förser projektet med bränslecellsstackar och bidrar med expertkompetens.


PowerCell participates in EU project to reduce the cost of hydrogen as fuel

The EU has decided to approve the project HYDRAITE to develop technology to reduce the cost of hydrogen. PowerCell Sweden AB (publ) supplies the project with fuel cell stacks and contributes with expert competence.


PowerCell deltar i EU-projekt för att utveckla ett portabelt bränslecellssystem som är plug-and-play

EU har beslutat att godkänna EU-projektet EVERYWH2ERE som ska utveckla ett banbrytande, mobilt bränslecellssystem för tillfällig strömförsörjning i stadsmiljöer. PowerCell Sweden AB (publ) är ett av tolv företag och institutioner som deltar i projektet.


PowerCell participates in EU project to develop a portable plug-and-play fuel cell system

The EU has decided to approve the EVERYWH2ERE project to develop a ground breaking mobile fuel cell system for temporary power supply in urban environments. PowerCell Sweden AB (publ) is one of twelve companies and institutes participating in the project.


PowerCell har fått kinesisk order på 6,5 MSEK

PowerCell Sweden AB (publ) har tagit emot en order på bränslecellsstacken PowerCell S2 från en kinesisk kund, till ett värde av 6,5 MSEK. 


PowerCell has received Chinese order worth MSEK 6,5

PowerCell Sweden AB (publ) has received an order worth MSEK 6,5 for the fuel cell stack PowerCell S2 from a Chinese customer.


PowerCells nya patent ger bättre bränsleutnyttjande

PowerCell Sweden AB (publ) har beviljats ett nytt svenskt patent för en innovation som ger högre effektivitet när bränslecellsstackar drivs på reformatgas.


PowerCell's new patent provides better fuel usage

PowerCell Sweden AB (publ) has been granted a new Swedish patent for an innovation that provides higher fuel efficiency when fuel cell stacks are powered by reformate gas.


Inlösen av personaloptioner tillför PowerCell 4,5 miljoner kronor

Lösenperioden för personaloptioner i PowerCell Sweden AB (publ) är avslutad. Totalt tecknades 368 000 stycken, vilket innebär en täckningsgrad på 99,6 procent.


Excercise of warrants raises 4.5 million to PowerCell

The exercise period for warrants in PowerCell Sweden AB (publ) is ended. A total of 368,000 were subscribed, which represents a subscription rate of 99.6 percent.


Kinesisk miljonorder till PowerCell

PowerCell Sweden AB (publ) har fått en order från en kinesisk kund att leverera bränslecellsstackar som kommer att användas som range extender i personbilar.


Chinese million order to PowerCell

PowerCell Sweden AB (publ) has received an order from a Chinese customer to deliver fuel cell stacks to be used as a range extender in passenger cars.


Valberedning är utsedd inför PowerCells årsstämma 2018

Bolagsstämman i maj 2017 beslöt att valberedningen för PowerCell Sweden AB (publ) ska bestå av en representant vardera från de tre största aktieägarna per den 30 september 2017, samt en representant från PowerCells styrelse. Dessa representanter har nu utsetts.


Nomination committee appointed for PowerCell's 2018 AGM

The general meeting in May 2017 decided to appoint a nomination committee for PowerCell Sweden AB (publ), consisting of one representative each from the three largest shareholders as of September 30, 2017, plus one representative from the board of PowerCell. These representatives have now been appointed.


Tyskland har fattat beslut om att investera i ett bränslecellsprojekt som PowerCell deltar i

Bränslecellsbolaget PowerCell Sweden AB (publ) har fått slutgiltigt besked från tyska myndigheter om projektet AutoStack-Industrie (ASI). I projektet satsar Tyskland på att utveckla en bränslecellsplattform för tysk fordonsindustri.


Germany has decided to invest in a fuel cell project in which PowerCell participates

PowerCell Sweden AB (publ) has received a final decision from the German authorities about the AutoStack-Industrie (ASI) project. In the project, Germany is aiming to develop a fuel cell platform for the German automotive industry.


Skellefteå Kraft väljer PowerCell PS-5 för att generera el de dagar då solen inte skiner

Skellefteå Kraft har initierat Zero Sun Project, en vanlig villa som är frikopplad från elnätet och som är självförsörjande genom solenergi. PowerCell Sweden AB (publ) ska leverera det bränslecellssystem som ger el under årets mörka timmar.


Skellefteå Kraft selects PowerCell PS-5 to generate electricity on days when the sun does not shine

Skellefteå Kraft has initiated the Zero Sun Project, a standard villa that is disconnected from the power grid and is self-sufficient by solar power. PowerCell Sweden AB (publ) will deliver the fuel cell system that provides electricity during the dark hours of the year.


PowerCell har fått en testorder från amerikanska Nikola Motor Company

Nikola Motor Company har sedan tidigare utsett PowerCell Sweden AB (publ) som primär leverantör av bränslecellsstackar. Nu har PowerCell tagit emot en testorder på PowerCell S3.


PowerCell has received a test order from Nikola Motor Company

Nikola Motor Company has previously appointed PowerCell Sweden AB (publ) as primary supplier of fuel cell stacks. PowerCell has now received a test order for the PowerCell S3.


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