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NFO Drives AB
Tubba Torg 5
Phone: +46 45437029p:+46 45437029 KARLSHAMN, 374 32  Sweden Ticker: NFONFO
Business Summary
NFO Drives AB (publ) is a Sweden-based company that develops, produces and markets frequency converters, which eliminate interference from electric motors. It has two patented products: Sinus Switch and Natural Field Orientation (NFO). Sinus Switch generates a sinusoidal voltage to the engine and loads the motor more gently, which increases the service life of the engine. Natural Field Orientation (NFO) is a converter, which calculates the motor speed at all frequencies and hence does not require a sensor on the motor. NFO Drives AB has two wholly owned subsidiaries in Blekinge, Karlshamn, Sweden: NFO Invest AB and NFO Control AB. The Company does not have any major shareholders. Each one holds approximately 8% stake.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
3679 Electronic components, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board GoranHedbys 4/1/2020 4/20/2018
Chief Executive Officer JohanBraun 10/1/2016 10/1/2016
Head of Sales and Marketing JohanBerggren 50
5 additional Officers and Directors records available in full report.

Business Names
Business Name
NFO
NFO Drives AB (publ)

General Information
Number of Employees: 7 (As of 12/31/2023)
Outstanding Shares: 3,061,869 (As of 12/31/2023)
Shareholders: 2,500
Stock Exchange: AKT
Fax Number: +46 454322414


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Friday, April 19, 2024