Sharechat Logo

Blue-chip exposure for WDT in new deal

By Phil Boeyen, ShareChat Business News Editor

Thursday 12th October 2000

Text too small?
Wellington Drive Technologies says is its latest licensing arrangement with US-based Torrington Research is a quality deal which will help promote WDT to some of the world's most successful manufacturers.

Torrington Research supplies cooling systems for such products ranging from home appliances to the Mars space probe, and is the leading designer of air moving systems in the United States.

It has signed a one-year licensing deal that will allow the company to integrate WDT's brushless electric motors into their own products.

The motors are made from specialised plastics, permanent magnets and electronics, and the company claims their design offers lower noise and longer life than conventional motors. The brushless motors can also be made into virtually any shape and are therefore much more design-flexible than their traditional counterparts that are mostly cylinder-shaped.

WDT managing director, Ross Green, says Torrington is the leader in its field and has a blue-chip client list including GE, Ford and NASA, which promises excellent exposure for the New Zealand-made motors.

Mr Green says in past year his company has tripled its engineering team and is now moving to expand the marketing and commercial side of the business.

WDT intends to launch on the NZSE's main board in the next three months. It currently trades on the secondary board and has 1400 New Zealand shareholders.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Wellington Drive narrows 1H loss as turnaround plan trims costs by 30 percent
Wellington Drive raises $4M in placement supported by SuperLife
Wellington Drive Technologies on trading halt pending announcement
Wellington Drive narrows FY loss after trimming costs, fattening margin
Wellington Drive shareholders approve $2.1M placement, guidance affirmed
Wellington Drive 3Q sales slide 23 percent, sees tough trading ahead
Wellington Drive adds cool fan technology to its refrigeration line up
Wellington Drive signs US licensing agreement worth up to US$400k/year
Wellington Drive says profit in 2013 'challenging', seeks funding partner
Wellington Drive Technologies embarks on cost-cutting drive