News & Events
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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.
Aussie plug-ins an enlightening lesson
OPINION: After raking through a documentary dustbin, Chalkie pieces together an eye-opening tale for startups venturing across the Ditch.
You can see why the appointment looked a no-brainer. For a small Kiwi technology company trying to break into Australia, who better to have on your side than a former senior politician, ex-Treasury adviser, founding director of Macquarie Bank and professor of economics to boot?
Energy Mad won't deliver $4m profit
Christchurch eco-light bulb maker has posted a disappointing loss of $500,000 for its half year said it will fail to deliver the $4 million profit forecast for the full year.
It today revised its profit for the March 2013 year, saying profit could be between $100,000 and $2m instead.
The company has had problems with the design and manufacturing of its new 12V halogen-replacement eco-bulbs and made no sales in Australia in the past six months when it had been banking on $5m.