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Ecobulb and King Country Electric Power Trust save $6 million on King Country homes' power bills
Energy Mad launches LED bulbs in Australia
Energy Mad now has a specialised sales teams to target Australian consumers with its Ecobulb.
The Christchurch company said today that it had partnered Australasian sales force heavyweight Salmat to launch its LED bulbs in Australia.
Energy Mad's share price has been volatile in the past couple of years but has recently recovered from its lows to last trade at 26 cents to give the company a capitalisation of $11.2 million.
Energy Mad sees bright future in LED
Christchurch ecobulb company Energy Mad is aiming for profitability this year, after fronting up to losses for the past three years.
The board of the energy-efficient light bulb manufacturer was grilled by a handful of shareholders disappointed with the falling share price at yesterday's annual meeting.
Energy Mad 'fails to deliver'
Small energy-efficient light-bulb manufacturer Energy Mad beat its breast at its annual meeting today, saying it had failed to deliver profits to shareholders.
Chairman Richard Ramsay told shareholders gathered in Christchurch the company was changing from making and selling compact fluorescent lamps (CFL) to light-emitting diode (LED) bulbs.
Amazon sales fix near - Energy Mad
Energy-efficient light bulb manufacturer Energy Mad says it is still waiting for a resolution of an "out of stock" issue related to a distribution agreement with Amazon.
The Christchurch-based firm announced in late January that it had started selling its energy-saving bulbs through Amazon United States, the world's largest online retailer.
It said that three of its spiral compact fluorescent lamps and one LED (light emitting diode) reflector could be bought online through Amazon under Energy Mad's United States "Ecospiral" brand.
Good news boosts Energy Mad
Energy Mad's share price rose 15 per cent today after news that it had topped rankings by an Australian consumer advocate.
The Christchurch company's 15-watt spiral Ecobulb topped the November 2013 CHOICE Australia testing of six energy-saving florescent bulbs.
Energy Mad's share price rose by 4 cents to 30c a share today.
Former Energy Mad director pockets profit
Former Australian politician John Hewson has pocketed about $250,000 from selling shares he was given in NZX-listed Energy Mad, a stock exchange disclosure revealed today.
The sales took his holding from 5.3 per cent when the Christchurch-based energy efficient lightbulb maker listed in 2011 to 3.14 per cent at the date of his last trade on May 14.
Energy Mad reports loss
Energy-efficient light bulb-maker Energy Mad has reported a loss of $2.5 million in for the year ending 31 March 2013, wider than the $1m loss in the prior fiscal year.
The March 2013 loss also compared to the company's initial public offer document forecast of $4.0m profit for the year under review.
Energy Mad said it grew its revenue for the year to March 31, 2013 by 59 per cent relative to the previous year.
This growth came from securing the Walgreens business inA the United States, from Australian spiral Ecobulb growth, and from the New Zealand Direct Install business.
Kiwi eco-lightbulb maker gets $1m US grant
Energy-efficient lightbulb maker Energy Mad has secured $1 million in funding for projects in the United States which is helping it slash shelf prices of its bulbs in that market, without cutting into its margins.
The funding comes from US electricity utilities, which by law have to exhaust all cost-effective energy-efficient measures before being allowed to build new power plants.