24 November 2014 – expansion of manufacturing deal
The company has announced that it has expanded its manufacturing deal with Jabil Circuit Inc, meaning that the number of electricity-generating Flow boilers to be manufactured under the agreement will increase from 390,000 to 500,000. Flowgroup and Jabil have also agreed to collaborate on the company’s future Flow mCHP product developments. In addtion, greater financial support has been agreed to cover the initial launch of the Flow boiler in the UK. There is a positive feel to recent developments and we retain our STRONG BUY rating.