Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Multiple Technology Sale - Forest Research

Press Release
Multiple Technology Sale

Forest Research is pleased to announce that it has recently completed a multiple technology transaction with Mr Tony Petley of Innovative Global Technology Limited (IGT Ltd). The transaction involved sale of Forest Research’s 100% shareholding in Wood Hardening Technologies Limited which is the owner of Indurite® technology, its 50% shareholding in Engineered Wood Solutions Limited (EWS), and the intellectual property rights to the E-Grader. IGT Ltd previously held a 50% shareholding in EWS, which owns the adhesives technology, Greenweld — another Forest Research development.

Tony Petley said these acquisitions, together with other joint ventures and agreements developed with complementary technologies will be marketed by Engineered Wood Solutions in Australasia and worldwide. With plans to further upgrade and extend the commercial application of these technologies, EWS is now positioned to offer a comprehensive package to add value for its timber processing customers. EWS is developing extensive business partnerships with chemical, engineering and technology companies and these, together with the opportunity to have strong relationships with research organisations and, in particular, Forest Research points to an exciting future.

Forest Research considers IGT Ltd an ideal purchaser of these technologies, since Tony Petley and his team have the technical background and commercial acumen to bring their development successfully to market.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>