Morphic acquires energy technology company, Helbio S.A.
Morphic has reached an agreement to acquire 55 percent of the Greek energy technology company, Helbio S.A. The company is a leading producer of systems for efficient and environmentally friendly production of hydrogen from renewable fuels, such as ethanol and natural gas. The acquisition gives Morphic access to expertise that accelerates the market introduction of Morphic's energy systems that are widely considered to have great commercial potential.Since its establishment in 2001, Helbio has reached a leading position regarding development of technology for cost-effective production of