UK Market Entry Panel Selects Windflow

5 November 2010

Windflow Technology is through to the finals of a prestigious UK MARKET ENTRY (UK-ME) business competition, an achievement that further endorses the significance and timing for the Windflow 500 in the UK.

Windflow’s distributor Ventus Green Energy has received 370 expressions of interest from Scottish farmers wanting information about the Windflow 500. 29 of these landowners have paid Ventus Green Energy to apply for the appropriate planning consent to install a Windflow 500 in Scotland.

Windflow entered the UK expansion category of the UK-ME competition and judges had to be convinced that their business case was both plausible and professional. Eligibility to enter into this category included confirming an intention to have a physical presence in the UK within 18 months.

Windflow CEO Geoff Henderson said, “winning the South Island regional competition and having the company’s business case for UK scrutinized by business professionals reinforced the company’s export strategy and focus on UK was right on target.”

“This competition is about fast tracking for British business success and judges will be well aware of the magnitude of the opportunity that faces Windflow by virtue of the feed-in tariffs.”

UK Trade and Investment support the competition with a range of Gold sponsors including HSBC and NZ Trade and Enterprise.

Windflow Technology Ltd has announced this week its plans to raise capital to provide an appropriate balance sheet and enable the company to take up the business opportunity to develop exports to the UK market.


WHO IS UKTI?

UK Trade & Investment has professional advisers across 96 international markets. It is the government department that helps UK-based companies succeed in the global economy and assists overseas companies to bring their high-quality investment to the UK.

For further information:
Geoff Henderson
CEO
Windflow Technology
Ph 03 365 8960