NZ motor company going global

“This agreement is significant as Wellington’s technology will be in products available through an established, global sales organisation,” WDT managing director Ross Green said.

“These distribution channels should enable fast revenue growth as the products become available and accepted by end users.”

WDT has signed a confidentiality agreement covering the name and other details of the company, to protect both parties’ competitive positions, he said.

The company was not a household name, and not based in the US, but was well known in technical circles, Green said. It had approached WDT.

“I think really what we’re seeing is the fact that we’ve been out in the market with truly commercial products for a couple of years, and I think in hindsight we’re going to say this is the year when the company began generating business on a truly commercial scale,” he said.