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May 02, 2007
Fuel Cells Camping and Capital
Germany's Smart Fuel Cell, which makes portable Methane powered fuel cells, is preparing to float on the Prime Standard in Frankfurt (the main stock market). No word on the size of the flotation yet. It's doing about €7.5M annually in sales with its EFOY unit (shown below) and expects to reach profitability this year.
SFC's shares are traded over the counter but it is now making a move to the Prime Standard, the main stock market in Germany, to raise new capital. Its stock is currently held by some big name mutual funds.
SFC is going to get some new competition this year, though, as Truma, a German portable generator manufacturer makes its move into the fuel cell market.
That's not a new a new video server for the digital living room above, it's Truma's prototype of a product that it wants to take it to the market this year.
Smart Fuel Cell was founded in 2000 and got its early financing from VC firms like 3i (who exited quietly, along with other early investors, it seems).
Read Erster Brennstoffzell ... Boerse Handelsblatt
Posted on May 2, 2007 06:10 AM | Posted to News And Updates | Permalink
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