Morphic Wins SEK 48m Fuel Cell Order

Morphic Wins SEK 48m Fuel Cell Order

Morphic Exergy Fuel Cells has today signed a distribution agreement with
Narbonne Associates of France for its Polaris 140 portable fuel cell. The order
has a guaranteed minimum value of SEK 48m for Exergy. The product has been
approved by the customer and deliveries will begin in September 2009.

The Morphic subsidiary Morphic Exergy Fuel Cells has today signed a distribution
agreement with Narbonne Associates of France for its Polaris 140 portable fuel
cell. The order has guaranteed minimum value of SEK 48m. The product has been
approved by the customer and deliveries will begin in September 2009.

Polaris 140 is a compact portable fuel cell which in this particular application
runs on NBH4, a chemical compound that is distributed in liquid form (dissolved
in water) and forms hydrogen continuously at the same rate as it is consumed in
the fuel cell. 

Narbonne will sell Polaris 140 to owners of house trailers and motorhomes, who
attach it to the electrical systems of their recreational vehicles to charge
their existing batteries.

“The product and area of application are exactly right and show not only that
the market has embraced our offer but also indicate that our strategy of
focusing our resources on concrete product development rather than visions will
generate business. The changes we have now been implemented paved the way for
our long-planned share offering and will enable us to fund production for orders
like this”, Martin Valfridsson, President and CEO of Morphic Technologies AB,
says. 

For further information, please contact:
Johannes Falk, +46 (0)706 76 7393



This is Morphic
Morphic is a Swedish engineering group operating in the areas of fuels cells and
wind power. The Group has about 200 employees and conducts operations in six
countries - Sweden, Norway, Japan, Greece, Italy and Switzerland. Morphic
Technologies' B shares have been listed on the OMX Nordic Exchange since March
4, 2008, and the number of shareholders is about 30.500.