Future Mobility Solutions - FMS [was Sealegs - SLG]

[rmbbrave]

Sealegs International is moving to larger premises to meet the growing demand for its amphibious boats.

The move by Sealegs to a new manufacturing and office location in the North Harbour Industrial Park, about 1km from its current premises, takes effect at the end of October.

The new Sealegs building will increase the current final assembly manufacturing facility by 300%. The move to larger premises coincides with new staff joining the company in the roles of Design Engineer, Production Technician and Administration Assistant.

Managing Director, Mr David McKee Wright, said that the move will allow Sealegs to centralise its sales, administration, research and development, final-assembly and shipping all to one location, with improvements in efficiencies and communication.

"In the last few months Sealegs International has experienced demand for its amphibious marine craft beyond that of its current manufacturing capacity. The new facility will help in increasing monthly production capacity," he says

[Enumerate]

A future Sealegs press release?

Sealegs introduces a new military model and extends its product set


22.09.07


By Staff Coorespondent


Sealegs is hoping to tap military markets with a new "militarised" version of its boat on wheels.

Company founder Maurice Bryham said the 5.6m all-aluminium "amphibious attack sealegs" was the ideal solution for governments wishing do dominate small, weak, maritime third world nations.

With a top speed, on land, of 10 kms per hour the "amphibious attack sealegs" could prove useful against infranty formations. (Unless the enemy ran away, or at least walked briskly away). The shock value of massed "amphibious attack sealegs" appearing on an enemy flank, previously thought impassable, could redefine warfare at a tactical level.

In related news the company announced a new range of zeppelin to complement the land/sea "amphibious attack sealegs".

Company founder Maurice Bryham said our new zeppelin product is designed to work in concert with the "amphibious attack sealegs". Massed zeppelins, providing air support for the land/sea sealegs formations, would provide a innovative way for superpowers to subdue small, coastal, third world nations.

One further innovation is that the zeppelins are covered in a thin coating of lead to promote the maximum resistance to nuclear attack.

The "amphibious attack sealegs" and the "lead zepplins" are available, in quantity, from your nearest sealegs supplier. The company quotes significant interest in the new tactical systems from the Salvation Army.

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Sealegs attracts UK boaties at Southampton show

28.09.05 3.40pm


New Zealand company Sealegs' record-breaking drive across the English channel in its amphibious vehicle appears to have paid off, generating solid interest at a big UK boat show.

Sealegs secured orders for six of the inflatable boats, which carry a price tag of around $98,000, at the Southampton Boat show in the south of England.

In June Sealegs' founder Maurice Bryham crossed the channel from Dover to Sangette in a Sealegs 5.6 rigid inflatable amphibious boat in 43m 12s, less than half the time set by Sir Richard Branson last year in one of New Zealand entrepreneur Alan Gibbs' Aquada cars.

Sealegs' managing director David McKee Wright said the company had attracted a lot of attention from a wide range of boating enthusiasts who had seen the crossing on TV or read recent boating magazine reviews.

"We are delighted with the positive response Sealegs has received in the UK and the increased brand awareness gained from the successful English Channel record crossing," he said.

"Sealegs is now getting good traction in this big international market."

Sealegs shares were unchanged at 22c shortly before midday.

- NZPA

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Sealegs posts $723,000 first half loss

04.11.05 1.00pm


Amphibious boat-maker Sealegs today reported a net operating loss of $723,000 for the six months to September 30.

The result was down almost 800 percent on the $105,000 profit recorded for the same period a year earlier, while total operating revenue declined 25 percent to $1.3 million.

Sealegs' chief executive officer, David McKee Wright, said last year's September half profit included a one-off benefit from the sale of Sealegs' Deep Video Imaging (DVI) division, and the operating revenue figure included trading figures for DVI.

"We'd written DVI off in the years leading up to last year and then we were forced to recognise it as operational revenue because it was (no longer part of the business)," Mr McKee Wright said.

That aside, Sealegs did a busy trade in the first half, with trading revenue climbing 70.6 percent to $1.2 million.

"Sales into Australia and Europe have been encouraging and are continuing to grow," Mr McKee Wright said.

Sealegs moved into its new premises in Albany, on the outskirts of Auckland, yesterday, and expects to improve production efficiency and capacity from there.

Sealegs will be demonstrating its amphibious boats at the upcoming Big Boys Toys show in Auckland and the Wanganui A&P show on November 11-13. Planning is also underway to attend the Paris and London International boat shows later in December 2005 and January 2006.

Shares in Sealegs last traded down 2c at 18c, close to a year low of 17.1c touched in May.

- NZPA

[Contrarian]

Gidday
market cap $11,326,259 Should be making 2 mill a year profit. Or is the thinking you buy into this $11 million dollar business at this time which is not making a profit because it's a punt and maybe one day get a 50% pa profit on investment. In which case if they made $30 k on a boat =189 boats per year.

[marinesalvor]

yes a very intriguing opportunity - they have certainly taken the concept a long way - pretty impressive little boats too - if I was filthy rich I would have one on the beach.

[ari]

Lets call it 'Project X' and find some more suckers....and if we do it B4 Xmas we won't need Santa.....

quote:Listed marine company, Sealegs Corporation has started 'Project X' to design and manufacture a new amphibious marine craft. The new boat will be designed as a high-volume, low-cost craft. The company estimates it will produce 100 boats in 2008. The company is seeking a strategic partner to help fund and assist the project.

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Sealegs plans to ride bigger waves
17 November 2005
By MARTA STEEMAN

Sealegs chief executive David McKee Wright is keen to lift the amphibious boat company from a niche player to a high-volume producer.


That will require capital raising, a boat manufacturing partner and re-engineering the boat design to make it cheaper to build.

The key features of the craft are its wheels - one at the front and two at the back - that make it easy to launch and recover.

The company makes two 5.6-metre models - one of aluminium at $79,000 and the other a rigid inflatable at $69,000. Top speeds are 56kmh at sea and 10kmh on land.

Mr McKee Wright says the models enable older people to enjoy boating for longer.

"They are fundamentally going to men over 50 years with access to a waterway."

Sealegs has sold more than 50 boats, half of them to New Zealand buyers.

They are also selling in Australia and Britain.

Mr McKee Wright and Maurice Bryham, who together own 36 per cent of Sealegs, founded the successful PC Direct.

Sealegs designs, makes and markets the boat itself but it will not make a fortune selling 50 boats a year, Mr McKee Wright says.

Sales are price-sensitive. The initial price was $98,000 but, once that was dropped to $69,000, the order book filled. If the price was $50,000 Sealegs would sell several hundred a year, he says. "I want to be a volume manufacturer. I believe this company can be worth $100 million very quickly."

To do that, Sealegs is seeking a partner to help it manufacture a fibreglass boat which the company wants to have in the market by 2008.

AdvertisementAdvertisementIt hopes to be making at least 100 of the new craft a year and Mr McKee Wright believes there are plenty of wealthy people around the world who would be interested in buying them.

[marinesalvor]

They need to link with one of the big French government subsidised manufacturers like Jeanneau or Beneteau... then they can really think about volume

[rmbbrave]

http://www.nzherald.co.nz/search/sto...1A83027AF1010F

Design student puts sealegs to powerful use

16.11.05
By Mathew Dearnaley


A student who found his sealegs yachting on a South Island hydro lake is conquering the City of Sails with a state-of-the-art design for a jet-powered amphibious boat.

Matt Gibson's Anaconda is one of six transport projects on display at the Vero Centre in central Auckland this week to showcase the achievements of Massey University's top design students.

All the exhibits have been designed for potential production, but Mr Gibson has the head-start of having been sponsored by North Shore boat-builder Sealegs, which in June broke a record for crossing the English Channel with an inflatable amphibious craft.

The 21-year-old transport design graduate emphasises that it is entirely up to the company, which has been employing him part-time, to decide whether to take his one-to-six scale proof of concept any further.

Sealegs, which says it has sold more than 50 amphibious craft in 18 months, is busy making a new aluminium version of the inflatable that crossed the channel in 43m 12s in June.

That was less than half the record, set by Sir Richard Branson last year, in one of New Zealand entrepreneur Alan Gibbs' Aquada cars.

But Mr Gibson says Sealegs has already patented his design, which he developed according to company specifications, and he is confident a 240-horsepower jet engine would allow a 5.6m production version to travel one-and-a-half times faster than the record-breaker.

The Anaconda is designed to barrel over the water at up to 88km/h before coming ashore, when its three retractable wheels could carry it across land at 15km/h.

"It could be used for anything from commuting to sight-seeing and picnicking," said Mr Gibson, who overcame his land-locked Central Otago origins by sailing as a youth on Lake Dunstan.

Sealegs managing director David McKee Wright said the company was impressed with how the model was developed from computer software, which enabled its dynamics to be worked out before the hull was built.

The model was fabricated by a computer-cutting machine, saving money compared with traditional boat-building and giving the company confidence in testing the market for future products.