Strategic order in energy technology

Strategic order in energy technology

AccaGen, the Swiss energy technology company recently acquired by Morphic, has
received an order for a 250 kW electrolyzer from India's largest iron ore
producer, National Mineral Development Company of India, NMDC. The order is
worth €350,000 and delivery will take place in August 2008.

The 250 kW facility could lead to a follow-up order for a six times larger
electrolyzer for a planned production plant. AccaGen was established in 2003 and
has since achieved a leading position in technology for the storing energy from
renewable energy sources such as solar, wind and wave power and biogas. The
company's core offer consists of a range of patented high-efficiency
electrolyzers for separating water into hydrogen and oxygen. The hydrogen can
then be used to fuel Morphic's fuel-cell-powered system and other energy
systems. 

In recent years AccaGen has been focusing on developing the electrolyzer into a
standardized product adapted for major industrial and energy-related customers.
AccaGen's major global returning customers include Linde, ESCOM (the state-owned
South African energy company) and PDVSA (a state-owned oil company in
Venezuela). 
In December 2007 AccaGen was acquired by Morphic Technologies AB's subsidiary,
MBD AB.

For further information, please contact:
Johannes Falk, Director of Investor Relations, Morphic Technologies AB
Tel: +46 70 676 7393, e-mail: johannes.falk@morphic.se


This is Morphic
Morphic Technologies is a growing Swedish industrial group with operations in
fuel cells, wind power, energy systems and production technology. It has
operations in Sweden, Japan, Greece, Italy and Switzerland, and employs around
170 people. Morphic's B shares have been listed on the OMX Nordic Exchange since
March 4, 2008. The number of shareholders is about 22,000. The company's fiscal
year runs from May 1 to April 30.