18 November 2014 – initiation of production
Flowgroup, which develops and commercialises alternative and efficient energy technology products, has announced that it has initiated volume production of its electricity-generating Flow boiler, with production of the first boiler being completed on 17 November 2014. The Flow boiler is being manufactured by Jabil Circuit Inc.. Volume production will now continue on a pre-arranged schedule throughout 2015. The company has been running some small-scale tests of some of the marketing channels it intends to use, the outcomes of which are said to have been encouraging and over 10,000 new customers have expressed interest in the boiler. The full sales, marketing and PR launch is planned for mid-January 2015. Prospects for this company are exciting and there is scope for considerable upside. The shares are not risk free but given the potential rewards we rate the company as a STRONG BUY.