Powerhouse investment still strong in economic climate

CHRISTCHURCH — In what is being seen as one of the toughest economic times the country has experienced, Christchurch-based wireless environmental monitoring company, Indigo Systems, have attracted continued investment from local investors, Powerhouse Ventures.

Dr Stephen Hampson, managing partner of Powerhouse Ventures says, "Our initial investment in Indigo Systems made sense because their product saves people money - particularly great in tough times. It's for the same reason, coupled with high growth potential, that we have been attracted to reinvesting in the company."

Indigo Systems deliver wireless systems for environmental monitoring, incorporating reliable and secure data collection for farming, resource management, groundwater, irrigation and climate monitoring. They also supply complete monitoring, data transmission, equipment control, web visualisation and data storage systems.

Indigo Systems have overcome the key constraints of widespread monitoring (specifically for any large environmental space) by reducing cost, addressing issues around battery life and focusing on ensuring ease of setup – essentially, they have developed a low cost system, where almost any type of environmental sensor can be plugged into a wireless transmitter and everything configures itself.

Indigo Systems director, Dr David Rankin says, “Having the support of Powerhouse Ventures at a time when our projected growth in New Zealand is really ramping up, is fantastic. Their investment and expertise will give us the backing we need to grow our market here in New Zealand, as well as investigate opportunities a little further afield.”

Powerhouse Ventures is a Christchurch-based investment group, which looks for highly motivated entrepreneurs who want to build successful companies. They work with proven and unproven teams to take on new markets with novel ideas, and using their industry contacts, they work with entrepreneurs to validate market opportunities and to define the right product for the right customer. Powerhouse Ventures has the expertise, industry links and sources of finance to translate ideas into viable products and bring them to market.

For more information on Indigo Systems:
http://www.indigosystems.net.nz/index.html