myFC has signed a non-exclusive distribution agreement for the company’s fuel cell-based power bank JAQ Hybrid with the Swedish lifestyle distributor RLVNT. The first order is for 2,000 units of JAQ Hybrid and associated fuel cards.
RLVNT is a Swedish lifestyle distributor with a strong profile in the sports and leisure segment. The company is active in the Nordic countries, the Baltic countries, Benelux, France and the UK.
“RLVNT is excellent at getting new brands and product categories out and has shown an impressive ability to break through in new segments. They have a very strong position in the sports and leisure segment but are growing in telecom and traditional consumer retail – all areas where JAQ Hybrid has a clear place. We are very happy about this agreement. We have a long relationship with RLVNT, and we have now secured an order for our own home market. I definitely feel momentum in the interest in our technology and our new fuel cards,” says Ville Lejon-Avrin, sales manager at myFC.
The delivery of 2,000 JAQ Hybrid is planned to begin in Q2 2019 and includes the myFC’s new generation of fuel cards with almost doubled energy content in the past.
“We are always looking for exciting and innovative products and enjoy bering first in the market with new technology. We strive to offer the market’s most qualitative and innovative range of products that improve and facilitate sports and everyday life. We have been following myFC for a long time and the interest in fuel cells is steadily growing. I believe that there is now a clear interest in a product such as JAQ Hybrid among our customers,” says Martin Liljegren, founder of RLVNT.
The value of the initial order is not expected to exceed one million SEK.
MyFC is a Swedish innovation company, world leader in micro-fuel cells. myFC develops technology which co-locates batteries and fuel cells and which is charged with a green, hydrogen-generating fuel consisting of water, salt and reactants. The company’s offerings LAMINA MAX, LAMINA INcase and JAQ Hybrid are aimed at the smartphone industry while LAMINA REX targets the automotive industry. MyFC was founded in 2005 and was listed on NASDAQ | First North in 2014. Its headquarters are in Stockholm. For more information, visit www.myfcpower.com