SFC Energy has made changes in its Management Board to strengthen the Company's sales orientation in the attractive industrial Defense & Security and Power Product markets. Effective January 1, 2017 Hans Pol will focus exclusively on the power electronic business of SFC Energy's Dutch daughter PBF Group B.V. After successful reorientation, the power products company PBF acquired several major international orders in the recent past and continues to show robust growth. As Chief Sales Officer specifically for the highly attractive defense and security segment, the Supervisory Board has appointed Marcus Binder. After 13 years as a Bundeswehr Officer, Binder was ProductLifeCycle Manager at ESG Elektroniksystem- und Logistik-GmbH. Effective March 1, 2017, at the latest, Binder will initially take over sales of SFC products and services to the German defense market. Successively, it is planned that he will take over responsibility for national and international sales of SFC Energy's fuel cells from Dr. Peter Podesser. In the context of the changes of SFC Energy's Management Board, the Company's CEO, Dr. Peter Podesser, will concentrate on broadening the Company's investor base and on the strategic development of SFC Energy. His responsibilities for the oil & gas business, research & development, human resources and operations remain unchanged. In December 2016, the Supervisory Board has extended the contract with Dr. Podesser for another three years, until March 2020.