Windflow Technology Ltd
Windflow Technology is New Zealand and Australia's only wind
turbine manufacturer. Its turbine design is market leading
for strong wind conditions and Windflow Technology's turbines are
successfully installed at the New Zealand Windfarms site at Te Rere
Hau near Palmerston North. Windflow's technology was recently
licensed to GD SATCOM, a subsidiary of General Dynamics (NYSE:GD),
a US Fortune 100 company (See the
full announcement here).
AJ Park's commercial team advised Windflow Technology on the negotiation and documentation of this critical licence deal. Commercial partner, Mark Hargreaves, worked closely with Windflow Technology throughout the process. "It's great to see a New Zealand innovator successfully take its technology offshore and close a deal with such a substantial partner", Mark said. "It shows once again that licensing IP is a model that can work well for businesses facing the distance to market barriers that we face in New Zealand".
Mark worked alongside patents partner Mike Brown on patent-related aspects of the deal including freedom to operate issues and licence scope.
As Windflow Technology's chief technology officer, John Arimond commented, "we shifted Windflow Technology's patent work to AJ Park in 2010 because we were working toward finding overseas partnerships, and we wanted to get our international IP protection advice and our international contract negotiation advice under one roof. Mark Hargreaves' advice throughout the license negotiation was prompt and clear, and his competence earned the respect of the US participants."
With its first licensing partnership underway, Windflow
Technology can now continue down the manufacturing path in
other markets as well as finding further licensees. It also
retains the ability to use its technology in multi-megawatt
For further information visit http://www.windflow.co.nz/.