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

 

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>