Sharechat Logo

Windflow Technology scores American licensing deal for its turbines

Tuesday 6th March 2012

Text too small?

Windflow Technologies, the Christchurch-based wind turbine designer and manufacturer, has signed a deal with Texas-based General Dynamics Satcom Technologies to supply the Americas.

The 12-year-old two-bladed turbine maker will jointly develop, manufacture and sell the Windflow 500kW turbine with the worldwide supplier of satellite and wireless communication equipment, a subsidiary of New York Stock Exchange- listed General Dynamics.

Ninety-seven Windflow 500s are in commercial operation at the Te Rere Hau wind farm near Palmerston North.

Their design will be optimised to provide backup electricity supplies to General Dynamics’ customers in North and South America, Africa and military bases worldwide. The optimisation will be for the lower wind speeds typically found in many other world locations, and the 10-year agreement will allow co-funding to also develop a 60Hz version of the turbine.

Windflow’s new licensed partner “has world-leading knowhow in designing, manufacturing and servicing large, automated satellite dishes which operate reliably in all of the world’s harsh climates,” chief executive Geoff Henderson said in a statement.

The New Zealand company retains manufacturing and sales rights for Europe, Asia and Australia, and the American company will support the resumption of turbine construction in Christchurch.

The turbines will serve customers who require an alternative energy source in addition to a connection to a power grid for users such as manufacturing facilities, government complexes, colleges and universities.

General Dynamics will provide engineering, field service and maintenance support for wind turbines that will be manufactured at its Texas’ Longview and Kilgore facilities.

Henderson said Windflow is working towards further partnerships and licensing opportunities for its two-bladed turbine.

The NZAX-listed shares last traded at 28 cents yesterday, valuing the company at $5.5 million by market capitalisation.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
RBNZ knock-back gives Resolution chance to low-ball AMP - Jarden
Rail hubs may not boost Napier Port log trade
O'Connor looks to overhaul Biosecurity Act, improve animal tracing
Denton Morrell undefended at liquidation hearing
Contact steam to heat Norske Skog pellet business secured
Air NZ to amend booking engine after lawyer’s complaint
Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes

IRG See IRG research reports