Asian volume order for fuel cell plates

Asian volume order for fuel cell plates

Morphic Technologies' subsidiary Cell Impact AB has received a further order
relating to initial mass production of fuel cell flow plates for operating
consumer electronics. The Asian purchaser is one of the world's largest
electronics manufacturers. The initial order is valued at around MSEK 90 and the
first delivery is to take place 2nd quarter 2008.

Cell Impact has received a further order relating to the production of flow
plates for methanol fuel cells. The purchaser this time is a global electronics
manufacturer  which has been evaluating Cell Impact flow plates for some time.
The plates are to be used in a number of the customer's future products, powered
by fuel cells. 

Second order in a short time
The order is the second volume order within a short period. At the end of
August, Cell Impact received its first volume order concerning series production
of fuel cell plates for operating consumer electronics for a customer in the
USA. That contract has a value of approx. MSEK 60 over a two-year period. As has
already been communicated, apart from the now published orders, Cell Impact has
also received a number of test orders for flow plates from players within
various areas of application, including the vehicle industry.

Production of the flow plates will take place, in both cases, at the Cell Impact
production facility in Karlskoga.

“The fact that one of the world's biggest players within consumer electronics is
choosing us as it´s supplier shows the strength of what we have to offer.
However, this order is not just a breakthrough for us, it is also a breakthrough
for the entire fuel cell industry”, says Jonas Eklind, President and CEO at
Morphic Technologies. 

“We have now reached the point where fuel cells are in the consumer field. The
fact that this order also relates to fuel cells for consumer electronics is
characteristic of the way things are developing within the fuel cell field right
now. In all certainty, consumer electronics, including computers, cameras and
MP3 players, are going to be the first area in which we will see products
powered by fuel cells. We estimate that methanol fuel cells for consumer
electronics will start being introduced onto the market in 2008”, says Martin
Valfridsson, MD at Cell Impact. 

The principal advantages of fuel cells in consumer electronics include their
significantly longer operating times.  Unlike today's batteries, very rapid
charging of discharged units powered by fuel cells will also be possible. 
In a fuel cell system for consumer electronics, electricity is produced by
breaking down the fuel which then reacts with oxygen. Fuel cell technology has a
great potential because of its virtually non-existent impact on the environment
and its superior level of efficiency.  

For further information, please contact:
Johannes Falk, Information and Investor Relations Manager, Morphic Technologies
AB 
Tel +46 (0)70 676 7393, johannes.falk@morphic.se

Morphic Technologies is a Swedish industrial company, offering energy systems
based on renewable electricity production and resource-efficient technology for
producing components in large production series. The operations are located in
Karlskoga, Filipstad,  Kristinehamn and Gothenburg. The Company's B-shares are
listed on the Stockholm Stock Exchange's trading site, First North, with Remium
Securities as Certified Advisor. More information on the company is available at
www.morphic.se.