Bowman Power Ltd. (Southampton, England) announced a major investment and collaboration agreement in the Asia Pacific with the Singapore Power Group (Singapore). The agreement includes marketing collaboration as well as equity investment.
The agreement with Singapore Power also covers the distribution of Bowman products through Singapore Power's subsidiary, Development Resources Pte Ltd. (DRPL), which will help Bowman reach out to markets across the Asia-Pacific region, including Australia and New Zealand, but excluding the Japanese market.
David Streather, marketing and sales director at Bowman Power, stated, "The agreement opens up exciting opportunities for on-site generation and offers a further springboard across the Asia-Pacific region for our products."
Ang Koh Seng, managing director of DRPL, stated, "Singapore Power's decision to invest in Bowman Power reflects our interest in building close relationships with companies that have the potential to add considerable value to our businesses. Added to this, is our confidence in the opportunities that are opening up for greater technical collaboration and possibly, some product integration between Bowman and SP Systems, Singapore Power's subsidiary focusing on power-quality technologies and solutions for commercial and industrial applications."