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Windflow signs US licensing deal

Windflow signs US licensing deal
Windflow Technologies will supply turbines to the Americas as part of a deal with Texas-based General Dynamics Satcom Technologies.

Windflow Technologies will supply turbines to the Americas as part of a deal with Texas-based General Dynamics Satcom Technologies.

They will jointly develop, manufacture and sell the Windflow 500kW turbine, serving customers who require an alternative energy source in addition to a connection to a power grid, including manufacturing facilities, government complexes, and universities.

The Christchurch-based wind turbine designer and manufacturer has been running low on cash, although it was granted a reprieve last year when an investor agreed to underwrite a $2 million capital raising.

The agreement lets Windflow retain manufacturing and sales rights for Europe, Asia and Australia, BusinessDesk reported.

Meanwhile, General Dynamics will provide engineering, field service and maintenance support and manufacture the turbines.