WDT Grants Licence to Seeley International

Published: Fri 4 Oct 2002 01:28 PM
Media Release
4 October 2002
WDT Grants Licence to Seeley International
Wellington Drive Technologies Ltd (NZSE: WDT) today announced that it has granted a licence to Seeley International Pty Ltd (Seeley), Adelaide, Australia. Seeley is the world's leading manufacturer of evaporative coolers, with substantial business also in the gas heater segment.
Under the agreement Seeley obtains rights to manufacture Wellington motors.
"Seeley is at the head of the field in evaporative air conditioning with strong sales in Australia, the United States, Europe and other regions," said Dr Ross Green, WDT's Chief Executive. "They have a high degree of expertise with plastics moulding and motor production, and are thus well placed to make use of Wellington's proprietary motor technology."
He said that in addition to concluding this agreement Wellington had recently received a development order from a premium European appliance manufacturer.
“It is the first order from this European company, and covers a category of premium appliance that we have not previously worked with.”
Made from specialised plastics, permanent magnets and electronics, Wellington’s brushless motor design offers lower noise and longer life than conventional approaches. It also requires less than half the energy to run and can be made in virtually any shape.

Next in Business, Science, and Tech

Buy-now, Pay-later Raking In $10m+ In Late Fees Annually
By: Consumer NZ
Catherine Mcgrath Appointed CEO, Westpac New Zealand
By: Westpac New Zealand
AWS To Open Data Centres In New Zealand
By: Amazon Web Services
Surge In Imports Results In Record Monthly Trade Deficit
By: Statistics New Zealand
Fonterra completes reset, announces annual results and long-
By: Fonterra
GDP rises in the June 2021 quarter
By: Statistics New Zealand
National Welcomes Amazon’s Investment In New Zealand’s Digital Future
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media