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.
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription, an Idealog t-shirt and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).