Interim Report for the period May 1 – October 31 2006

Important Events during the Second Quarter
– Two fuel-cell agreements were signed with the Chinese automotive industry
– Strategic order received in high-speed cutting
– Product Launch of SensActive
– Delivery of three wind-power towers

Important events after the Period End
– Order received for mobile phone fuel cell plates
– MSEK 12 local investment support granted by the Swedish Developing Agency (NUTEK)
– MSEK 30 investment in a new manufacturing plant for wind-power stations
– New CEO appointed