A director of Christchurch-based turbine manufacturer Windflow Technology has resigned.Caroline Parlane, a member of the audit committee, had advised the board of her resignation because she required major surgery that would put her out of action for some
A director of Christchurch-based turbine manufacturer Windflow Technology has resigned.
Caroline Parlane, a member of the audit committee, had advised the board of her resignation because she required major surgery that would put her out of action for some time.
Board Chairman Barrie Leay said the board had issued an open invitation for Ms Parlane to rejoin the board after full recuperation.
“Caroline's extensive knowledge of the energy industry and her work on the Audit Committee are very highly valued by the company," Mr Leay said in a statement.
Windflow Technology, which is planning further capital raising, has forecast an unspecified loss next year – but says it will be “significantly lower” than the $7.96m net loss posted in the year to June 30, 2010.
The company’s outlook for the coming year – as described in its annual report, released today - depends on whether it can achieve further orders for its unique 500kW two-bladed turbines.
