PowerCell receives order from a Taiwanese customer - to meet a growing demand for zero-emission solutions in Asia

POWERCELL RECEIVES ORDER FROM A TAIWANESE CUSTOMER - TO MEET A GROWING DEMAND
FOR ZERO-EMISSION SOLUTIONS IN ASIA 

The leading fuel cell company PowerCell Sweden AB (publ)
http://www.powercell.se/  has received an order of PowerCell S2 from a
Taiwanese customer previous ordering PowerCell S1
http://www.powercell.se/wp-content/uploads/2015/09/S1_Fuel_Cell-150409.pdf 
fuel cell stacks. The customers intensions now are to use PowerCells fuel cell
stacks and know-how also in other applications, with the need of higher power
range, where the PowerCell S2 fuel cell stack will fit perfectly. The order
consists of two PowerCell S2
http://www.powercell.se/wp-content/uploads/2015/09/S2_Fuel_Cell-150409.pdf 
fuel cell stacks that the customer will integrate and test in two different
fuel cell systems, adapted to be driven by reformate respective hydrogen gas. 

The leading fuel cell company PowerCell Sweden AB has received yet another
order for two PowerCell S2 fuel cell stacks from an existing customer in
Taiwan. The Taiwanese customer has a long-termed relationship with PowerCell
Sweden as they have been purchasing PowerCell S1 with great satisfaction. As
the customer also is working with new applications that require a higher power
range, they have as a start ordered two PowerCell S2 fuel cell stacks and some
auxiliary components for integration and test in two different kind of fuel
cell systems, fuelled by reformate respective pure hydrogen. 

The Taiwanese company wants to expand their market in Asia with their own
reformate based system, a system that can replace diesel generators. The
company also see a great possibility to grow in Taiwan as the local companies
seek hydrogen solutions for electricity as the emission regulations has become
much harder. 

"We are pleased that our Taiwanese customer is satisfied with our PowerCell S1
fuel stacks and that they yet again have chosen PowerCell for their new
applications that require greater effect. We see an increase in interest and
inquiries from Asia, which we are excited of. PowerCell Sweden has a good
reputation in Asia and we are being recognized for our extensive expertise in
fuel cells and reformer technology", said Andreas Bodn, Sales Director at
PowerCell Sweden AB. 

The order is strategically important, but have a limited impact on the companys
results. 

Gothenburg, Sweden, November 1, 2016

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

The following documents can be retrieved from beQuoted
PowerCell Pressrelease 2016-11-01 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18912 

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 November 1, 2016. 

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/