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ER - SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.4 million follow up order from Oil Producer

Company: SFC Energy AG Date: 2017-05-16 Language: English Register to download

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 News Details

Corporate | 16 May 2017 07:30

#   

SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.4 million follow up order from Oil Producer

DGAP-News: SFC Energy AG / Key word(s): Miscellaneous  

  

16.05.2017 / 07:30  

The issuer is solely responsible for the content of this announcement.  

  

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**SFC Energy AG – Press Release**

**SFC Energy: Canadian subsidiary Simark Controls receives CAD 1.4 million follow up order from Oil Producer**

**–** Follow up order builds on the success of Simark Controls’ fully integrated Variable Frequency Drive Systems (VFDs).

– Simark’s VFD systems help the oil producer to significantly reduce costs with unique installation and operations benefits.

Brunnthal/Munich, Germany, May 16, 2017 – Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a major follow-up order for their proprietary Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order amounts to approx. CAD 1.4 million. This is a new order by the same oil producer who had already placed a CAD 2.0 million order for the same systems earlier this year.

The VFD Systems are designed and manufactured by Simark Controls to operate electric submersible pumps (ESPs) used to artificially lift heavy oil from the client’s Northern Alberta well-pad locations. The client selected Simark Control’s VFD Systems, because their unique installation and operations benefits significantly reduce the installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.

“We are excited to have won this new order so shortly after the first order”, says Martin Curtis, President and General Manager of Simark Controls. “This is clear proof that our customized systems deliver the operation advantages, performance benefits, and cost reductions the client had requested.”

Additional information on SFC Energy’s off grid power portfolio for security & safety, oil & gas, wind, traffic management, environmental and telecommunications applications at [www.efoy-pro.com](http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c7c66cb139cf6aba7f7e2cd489dc0bc7&application_id=573985&site_id=news_data&application_name=news) and at [www.sfc.com](http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c6e8dc213abdbd8579cfc65adbd9382d&application_id=573985&site_id=news_data&application_name=news) . Additional information on the full oil & gas and industry product portfolio of Simark at [www.simark.com](http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b1f66ecfa87dd988d7c7c7baf701dcf6&application_id=573985&site_id=news_data&application_name=news) .

  

**About Simark Controls Ltd.**  

Simark Controls Ltd. (www.simark.com), a company of SFC Energy AG, is a service oriented, value added sales company specializing in custom integrated and manufactured solutions of high quality instrumentation, automation, energy and power products. Simark provides instrumentation & measurement systems, power components & drives, security & surveillance equipment for the oil & gas industry and mining, forestry & community supply markets. The Company is headquartered in Calgary, Alberta, with sales offices in Edmonton and Grand Prairie, Alberta, Saskatoon, Saskatchewan, Vancouver, British Columbia and Montreal, Quebec.  

  

**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 36,000 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. +49 89 673 592-377  

Fax. +49 89 673 592-169  

Email: pr@sfc.com

  

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16.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | SFC Energy AG |
|     | Eugen-Saenger-Ring 7 |
|     | 85649 Brunnthal |
|     | Germany |
| Phone: | +49 (89) 673 592 – 100 |
| Fax: | +49 (89) 673 592 – 169 |
| E-mail: | info@sfc.com |
| Internet: | www.sfc.com |
| ISIN: | DE0007568578 |
| WKN: | 756857 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |

  

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News Service |

![show this](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=573985&application_name=news&site_id=news_data)