STRONG FUTURE FOR KIWI INNOVATION
The future of one of New Zealand’s most innovative and potentially lucrative inventions has been secured following its purchase by New Zealand businessmen Daniel Given and Reon Oak.
Given, the managing director of the Hong Kong-based specialist manufacturing and supply chain management company, Gait International, and Oak, Gait’s director of operations in China, have bought the company behind the innovative Kiwi-designed automatic trailer boat launch and retrieval system, Balex® Automatic Boat Loader (ABL), along with its intellectual property, stock and work in progress.
The pair, who bought the company after it was put into liquidation, will now concentrate on growing the business and realising its undoubted potential, both in New Zealand and overseas.
“We have enormous confidence in the Balex Automatic Boat Loader’s future,” says Given. “It is incredibly well engineered, utilizes the best in high precision components and has already gained remarkable traction in the market.”
Given says Balex Marine South Pacific Limited will continue to supply the Automatic Boat Loader to New Zealand and Australian boat manufacturers and marine dealers. The new company is also already close to finalising an agreement with a European distributor and will shortly be looking closely at the US, too.