COVID-19 support payments
®
is a registered Trade Mark of Wellington Drive Technologies WT 9368 04/20
Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com
14 April 2020
Market Announcement
For immediate release
Wellington Drive Technologies COVID-19 support payments
Wellington Drive Technologies has received $434,376 under the New Zealand Government’s COVID-19
Wage Subsidy scheme.
The company is also applying for other COVID-19 related government support for its international offices:
• In Australia, where Wellington’s iProximity subsidiary has two staff members, the company expects
to receive a refund of its PAYG obligations from the Australian Tax Office for the March, June and
September quarters. This is expected to be around A$10,000 per month.
• Wellington’s United States (US) subsidiary has applied for two COVID-19 related programmes; the
US Paycheck Protection Program for its five US-based staff members and the Economic Injury
Disaster Loan program. Grant eligibility and amounts will be determined by program underwriters.
About Wellington Drive Technologies:
Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, proximity
marketing solutions, energy-efficient electronic motors and connected refrigeration control solutions. It
serves some of the world’s leading food and beverage brands and refrigerator manufacturers and offers
proximity-based marketing solutions for global food and beverage brands as well as Smart City projects in
the Australian market. Wellington’s products and services improve sales, decrease costs and reduce
energy consumption. Headquartered in Auckland with a global reach, Wellington is listed on the New
Zealand stock exchange under the ticker symbol NZ:WDT
For further information visit www.wdtl.com
Contact:
Greg Allen Howard Milliner
Chief Executive Officer Chief Financial Officer
Phone +1-778-238-6494 +64 27 587-0455
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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