PowerCell Sweden receives a new order for the PowerCell S2 from a Chinese company within the automotive industry - The S2 to be used as a REX in electrified passenger cars

POWERCELL SWEDEN RECEIVES A NEW ORDER FOR THE POWERCELL S2 FROM A CHINESE
COMPANY WITHIN THE AUTOMOTIVE INDUSTRY - THE S2 TO BE USED AS A REX IN
ELECTRIFIED PASSENGER CARS 

The leading fuel cell company PowerCell Sweden AB (publ)
http://www.powercell.se/  has received an order for the PowerCell S2
http://www.powercell.se/wp-content/uploads/2015/09/S2_Fuel_Cell-150409.pdf 
fuel cell stack from a Chinese company within the automotive industry. The
PowerCell S2 shall be used as a hydrogen- based Range Extenders, REX. for
electrified passenger cars. 

The leading fuel cell company PowerCell Sweden AB has developed fuel cell
technology for more than a decade, and has perfected a unique design that
enables the production of a light, versatile and reliable source of power for
the automotive, transportation and stationary applications. 

Due to Chinas rapid growth a huge demand for green technologies is needed,
especially within the automotive industry. PowerCell Sweden has now received an
order for the PowerCell S2 fuel cell stack from a Chinese company within the
automotive industry. The PowerCell S2 fuel cell stack shall be used as a
hydrogen-based Range Extender, REX, for electrified passenger cars. 

The PowerCell S2 fuel cell stack is designed for efficient power generation in
the range of 5 to 25 kW. PowerCell has used its heritage from the automotive
industry when it developed the fuel cell stack that meets the needs of
customers in demanding conditions. 

"We are very pleased that we received a Chinese order for our PowerCell S2 fuel
cell stack. Customers choice of our fuel cell stack shows that the interest in
and demand for PowerCells clean energy solutions is increasing in Asia,
although the order has a limited impact on the current years results", says Per
Wassn, CEO of PowerCell Sweden AB. 

About Range Extenders
A Range Extender offers all of the advantages of a pure electric car combined
with the range of a conventional car if the hydrogen tank is adequately
dimensioned. Once the cars battery has been discharged to a predetermined
level, the fuel cell automatically kicks in. The built-in fuel cell converts
the H2 to electric energy that is supplied to the battery so that the driver
can continue his or her journey. The car is powered by the electric motor and
the average power output is provided by the fuel cell to keep the battery
charged. The battery contributes maximum power, such as when overtaking. For
the driver, this means that the car always achieves the same performance. 

With hydrogen gas, it is possible to fill the hydrogen tank in just a few
minutes instead of being subjected to long charge times. The major
environmental gain lies in the absence of emissions, with water being the only
end product; there are no other emissions. If the hydrogen gas is also produced
with regenerative electricity from renewable sources, carbon dioxide-free
vehicle transport can thereby be realized. Another advantage is that the
surplus heat can be used in the wintertime to heat the vehicle interior. 

Useful links
About PowerCell S2
http://www.powercell.se/wp-content/uploads/2015/09/S2_Fuel_Cell-150409.pdf 
About PowerCells Technology http://www.powercell.se/technology_head/

[Gothenburg, Sweden, September 2, 2016.]

For further information, please contact:

Per Wassn CEO,
PowerCell Sweden AB (publ)
Phone: +46 (0)31 720 36 20
Email: per.wassen@powercell.se mailto:per.wassen@powercell.se

The following documents can be retrieved from beQuoted
PowerCell Pressrelease 2016-09-02 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18671 

The information in this press release is information that PowerCell Sweden AB
(publ) is obliged to make public pursuant to the Act (1991:980) on Financial
Instruments Trading, the Act (2007: 528) regarding the Market of Securities and
/ or the EU regulation no. 596/2014 on Market Abuse. 

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 http://www.powercell.se