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

 

Windflow offer closing Friday

Media Release: 7 August 2001

Windflow offer closing Friday

The Windflow Technology share offer will close this Friday, August 10. The Christchurch-based company plans to raise a minimum of $2m to establish local wind turbine manufacturing.

"Interest in the share offering has been higher than ever before", said Geoff Henderson, Chief Executive, Windflow Technology Ltd. "We have had enquiries from all over the country in response to our national advertising. The offering has only been open for a few weeks but in that time we have distributed nearly 900 investment statements. With this level of interest we are confident of reaching our minimum subscription of $2.025 million by Friday, and hope to reach our maximum target of $3 million."

"Interest has been heightened by the current furore over electricity price hikes that highlight the need for alternatives such as wind power." said Mr Henderson, "but local manufacturing and the climate-friendly technology are other important factors."

There are three news stories which have been dominating the New Zealand media for the last few weeks: a) power price hikes and shortages b) the "knowledge wave" economy - creating value-added local industries c) climate change and the need to reduce CO2 emissions.

Windflow Technology may be unique in New Zealand and Australia in addressing all of these issues at once. Is it an idea whose time has come? The Windflow directors and several hundred investors think so.

Windflow Technology Ltd's Investment Statement is available from http://www.windflow.co.nz/shareoffering.

- ends -

Further information: www.windflow.co.nz

Contact: Tim Armitage, Armitage Consultancy Tel: 03 351 8090, e-mail: tim@armi.co.nz

Geoff Henderson, BE (Hons), MIPENZ, PE (Calif.) Director, Windflow Technology Ltd P.O. Box 36 538, Christchurch http://www.windflow.co.nz

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>

ALSO:

In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>

ALSO:

Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>

ALSO: