Blue-chip exposure for WDT in new deal

By Phil Boeyen, ShareChat Business News Editor

Thursday 12th October 2000

Wellington Drive Technologies says is its latest licensing arrangement with US-based Torrington Research is a quality deal which will help promote WDT to some of the world's most successful manufacturers.

Torrington Research supplies cooling systems for such products ranging from home appliances to the Mars space probe, and is the leading designer of air moving systems in the United States.

It has signed a one-year licensing deal that will allow the company to integrate WDT's brushless electric motors into their own products.

The motors are made from specialised plastics, permanent magnets and electronics, and the company claims their design offers lower noise and longer life than conventional motors. The brushless motors can also be made into virtually any shape and are therefore much more design-flexible than their traditional counterparts that are mostly cylinder-shaped.

WDT managing director, Ross Green, says Torrington is the leader in its field and has a blue-chip client list including GE, Ford and NASA, which promises excellent exposure for the New Zealand-made motors.

Mr Green says in past year his company has tripled its engineering team and is now moving to expand the marketing and commercial side of the business.

WDT intends to launch on the NZSE's main board in the next three months. It currently trades on the secondary board and has 1400 New Zealand shareholders.

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