Releases - Morphic Technologies

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2009

 

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Mattias Klintemar New CFO

9/30/2009 9:18 AM EST
Mattias Klintemar has been appointed new CFO with effect from January 15, 2010. In the interim Carl G. Sköld will be Acting CFO.
Mattias Klintemar has been CFO and Vice President of Hexaformer AB, a provider of transformer technology, since 2006. His previous experience includes working as CFO/COO at ABG Securities and as a Project Leader, Corporate Finance at ABG Sundal Collier, Deputy CFO at HSBC/Midland...

Conversion of Shares

9/24/2009 5:33 AM EST
According to Morphic Technologies AB (publ) (”Morphic”) articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. A conversion will reduce the total number of votes in the company.

Morphic announces that holders of 4,708,000 Class A shares have recently registered to convert their Class A shares into Class B shares. The number of Class A shares following the...

Morphic Placed on Observation List

9/22/2009 2:25 AM EST
Nasdaq/OMX Stockholm (the Stock Exchange) has announced that Morphic will be placed on the Observation List with effect from Tuesday September 22, 2009. The reason is that the one-year review of Morphic’s Stock Exchange listing pointed to a number of failures to comply with the listing requirements. The Stock Exchange Listing Committee has also recommended that a case against Morphic be initiated in the exchange’s...

Lars Öhlin New CEO of Dynawind AB

9/21/2009 4:36 AM EST
Lars Öhlin has been recruited internally as the new CEO of Dynawind AB, where he has previously been Head of Projects. Before joining Morphic, Lars worked at Westinghouse Electric Sweden, where he was Head of Projects and a member of the Service management team. Dynawind AB and Kenersys Gmbh announce today that they amicably dissolve its current cooperation for the Scandinavian market.

Significant Overspend on Wind Park Lake Vänern

9/21/2009 2:55 AM EST
Dynawind AB, a Morphic subsidiary, has revealed in September that the projected cost of the company’s wind power project Lake Vänern has been exceeded by at most SEK 30m.
Dynawind’s Managing Director, Erik Göthlin, is stepping down with immediate effect.

Other Organizational Change
Helena Nilsson, CFO of Morphic Technologies, has in August, chosen to leave the company for personal reasons. Nilsson will remain...

GE Energy to Acquire ScanWind, Provider of Offshore Wind Turbine Technology

8/12/2009 1:50 AM EST
STOCKHOLM, SWEDEN – As part of the strategy to focus on its core businesses, Morphic Technologies AB has today signed an agreement to sell ScanWind to GE Energy at a purchase price of SEK 130 million. The transaction, subject to customary closing conditions, is expected to be completed early September.
According to Staffan Ahlberg, the new Chairman of Morphic Technologies AB, “The sale will have a positive...

Interim Report January 1–March 31, 2009

5/27/2009 10:42 AM EST
The Morphic Group’s net turnover for the period was SEK 73.3m (108.0), a decrease of 32.1 percent.

The operating loss was SEK -64.3m (-45.1).

The Group reports a loss after financial items for the first quarter of SEK -61.1m (-40.1) and an after-tax loss of SEK -54.0m (-37.9).

Earnings per share, attributable to parent company shareholders, were SEK -0.16 (-0.25).

Consolidated cash and cash equivalents at the...

Morphic’s Board of Directors Withdraws Proposal on Authorization for Issue of Ne...

5/26/2009 9:06 AM EST
After consulting with a number of major shareholders, the Board of Directors of Morphic has decided to withdraw its proposal to authorize the Board to decide on the issue of new shares, to be presented at the Annual General Meeting. The reason is that a number of owners have stated that they do not intend to support the proposal.
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Strategic Review for Morphic Fuel Cells

5/14/2009 8:10 AM EST
As part of its ongoing efforts to focus its on core operations, the Board of Directors and group management of Morphic Technologies are reviewing the strategy for Morphic Fuel Cells. This work will lead to a number of changes. Greater emphasis will be placed on market-driven product planning, and the subsidiaries will be given clearer responsibilities. To further strengthen Morphic’s expertise in the area, a...

The Nominating Committee’s Proposal for Board of Directors

5/13/2009 2:50 AM EST
Morphic’s Nominating Committee proposes to the shareholders at the Annual General Meeting on May 27, 10:30 am, Karlskoga, that Anette Myrheim and Peter Ekenger be re-elected to the Board and that Staffan Ahlberg (Chairman), Jan Rynning, Bo Hedenström, Jan Alvén and Henrik Bonde be appointed as new Directors. Kjell Östergren has declined re-appointment.
Previously, the following individuals have been appointed...

Morphic Technologies

The Morphic group offers world-leading energy systems for the conversion and utilization of renewable energy. The Company brings together unique competence in system development, fuel cell and other technologies for rene...

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