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

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news