ORKAS Inc. was founded in April 2003 by Dr. Ake Almgren, who is also the President of the company.
Previously Dr Almgren was since 1998 President & CEO of Capstone Turbine Corporation (NASDAQ:CPST), which is the world’s premier developer and manufacturer of microturbine systems.
Prior to Capstone, Dr. Almgren spent an accomplished 26 year career at ABB (NYSE:ABB), a worldwide power solutions company. While there, he served as President of various business entities, including Business Area manager Distribution Transformers (with 36 plants in 28 countries), ABB Power T&D Co, Inc., ABB Power Distribution and ABB Power Systems. In these capacities he led operations ranging from high volume commodity products to advanced engineered system solutions with a worldwide presence.
Before relocating to the U.S. in 1991, Dr. Almgren was President of Autoliv (NYSE:ALV ). Under his leadership, the automotive restraint systems company established a North America presence and also expanded into new products such as airbags.
Dr. Almgren presently serves on the boards of PJM Interconnection and Awesense. Dr Almgren serves on DOE Electricity Advisory Committee and is an advisor to RMI eLab.
Dr. Almgren holds a PhD in Engineering from Sweden’s Linköpings Tekniska Högskola and a Masters degree in Mechanical Engineering from Sweden’s Royal Institute of Technology.