About Uniflow Power Ltd
Uniflow Power was created by successful investors and an experienced Board of Directors with a track record in identifying and commercialising new technology in Australia and internationally.
Uniflow Power Limited was incorporated in November 2009 for the purpose of acquiring Pritchard Power Systems Pty Ltd (PPS) the company that held the original global and exclusive licence for all of the Pritchard technology and inventions. The acquisition was completed in January 2010.
In July 2010 Uniflow Power entered into an agreement to take up a global and exclusive licence for the manufacture and distribution of the HALO Seal. The Directors saw the HALO Seal as being a technology ready for market.
While gearing up to commence sales of the HALO Seal, and complete a production model of the Uniflow Generator, the Company is also preparing for an Initial Public Offering prior to a listing on the Australian Stock Exchange, planned for the second half of 2011.
Capital raised will be used to accelerate the expansion of sales and distribution of the HALO Seal and to commercialise the Uniflow Generator.
Uniflow will also aim to expand its investor base in territories where it expects strong interest in its products and the company's prospects for growth. In particular, the emerging markets of Southeast Asia are seen as presenting such an opportunity.
To cite an example, Uniflow believes the Philippines is one of the natural markets for the S5000, as it has the second highest electricity charges in Asia and includes large numbers of communities where the only power is provided by diesel fuelled generators. Delivering power to rural areas is particularly challenging and expensive in this country of 7,000 islands.
A listing on The Philippine Stock Exchange (PSE) is a potential vehicle for promoting Uniflow technology. It is the second oldest securities exchange in Asia, and the world's best performing equity market in 2010. See http://srph.it/dFvcAA.
