Commercial Credit Report for SeaTwirl AB (publ)

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	SeaTwirl AB (publ)
Lilla Bommen 1 Plan 13
	GOETEBORG, 411 04 Sweden	Ticker: STWSTW

Business Summary

SeaTwirl AB (publ) is a Sweden-based company, which is primarily focused on the renewable energy sector. The Company operates as a manufacturer and designer of floating wind turbine customized for the ocean. The Company's technology uses a vertical axis wind turbine with a tower that is attached to a floating structure that stretches deep below the water’s surface. The wind turbine, tower and submerged structure, which has a buoyancy element and keel, are fixed together and rotate as a single unit. The water carries the full weight of the structure and when the wind turbine captures wind energy the structure is stabilized by the keel like the function of a sailing boat. The generator housing, which is wrapped around the tower at the base of the wind turbine above the surface of the water, contains the generator that transforms the kinetic energy of the wind turbine into electrical energy.

(Source: 10-K405)

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
9/30/2024	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
3511	Steam, gas, and hydraulic turbines, and turbine generator set units

Officers and Directors

Title	Name	Title Date	Start Date
Chairman of the Board	JensTommerup	9/24/2019	9/11/2018
Chief Executive Officer	JohanSandberg	3/1/2023	3/1/2023
Research & Development Design Engineer	AndreasBorjesson
5 additional Officers and Directors records available in full report.

General Information

Number of Employees:	17	(As of 12/31/2023)
Outstanding Shares:	5,983,459	(As of 9/30/2024)
Stock Exchange:	STO

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