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The university has been subcontracted to carry out an evaluation of the power system by a group of Italian investors. If the evaluation is successful, Helbio has agreed to discuss volume deliveries or a licensing deal.
Morphic Technologies, headquartered in Karlskoga, Sweden, is a supplier of renewable energy systems and production technology. The group has 230 employees in six countries and reported revenue of SEK356.7m in the fiscal year 2007/2008.
One British pound (GBP) is worth approximately 12.02 Swedish kronor (SEK).
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