This co-operation agreement would facilitate Morphic to market and sell Kenersys wind turbine generators in Sweden, Norway, Denmark, Finland, Iceland, Lithuania, Latvia, Estonia and in Poland, except to some of the Kenersys’s existing customers.
The wind turbines would be manufactured in Kenersys facility in northern Germany and would be shipped to Sweden. All the associated services including manufacturing of towers required for mounting Kenersys turbines would be executed by Morphic at its own factory in Sweden.
In the long-term Morphic is hoping to supply towers for Kenersys’s global requirements. Morphic is also expected to carry out the operation and maintenance of the Kenersys turbines in the contracted territories. The first deliveries of the turbines are expected to commence in 2009.
