NZCity NewsLinks -

Finance

16 May 2024

Search

Sealegs owner Future Mobility in Unlisted trading halt while loss widens
Future Mobility Systems (FMS) - formerly Sealegs - has been placed in a trading halt by the alternative exchange, Unlisted, for not furnishing audited annual accounts for the March year, as required under its rules.However FMS did...

Sealegs director takes aim at NZX at testy annual meeting
Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange.

Orion Marine wins appeal in copyright case vs Sealegs
The Court of Appeal has released the injunction that Sealegs had previously won against Orion Marine that stopped Orion from making amphibious boats.In July last year, the High Court found that former Sealegs employees had breached...

Choppy markets drive Future Mobility deeper into loss
Future Mobility Solutions - the company behind Sealegs amphibious craft - said its loss for the March 31 year more than doubled to $6.3 million due to "challenging" conditions in the military and commercial markets.Revenue came...

Future Mobility's Sealegs unit gets permanent injunction in copyright suit against Orion Marine, Smuggler
Future Mobility Solutions said it won a High Court copyright infringement suit against rival boatbuilders that had used technology from its Sealegs amphibious boats

Future Mobility Solutions buys US boat-maker Willard Marine for US$6.85M
Future Mobility Solutions, the company formerly known as Sealegs International, has agreed to buy US boat-maker Willard Marine for US$6.85 million

Future Mobility Solutions plans $1.5 mln acquisition of Lancer Industries
Future Mobility Solutions, the company formerly known as SeaLegs, plans to buy Lancer Industries for $1.5 million in cash and shares as it attempts to become more competitive in the oil barge sector

Sealegs signals global expansion plans with new name
Auckland-based Sealegs, which manufactures and sells amphibious boats and systems in New Zealand and overseas, today announced plans to

Sealegs get High Court injunction to protect technology ahead of lawsuit
Sealegs International says it has obtained a High Court injunction to protect its intellectual property from being copied ahead of a trial set for September next year

Amphibious boat builder Sealegs hit with $6.8m damages claim
Amphibious boat builder Sealegs International has been served with a $6.8 million damages claim following a long-running legal case it lost on appeal.Sealegs, owned by Future Mobility Solutions, originally won a copyright injunction...

Sealegs owner Future Mobility Systems seeks de-listing from NZX
Future Mobility Sulutions (FMS), which owns amphibious boat maker Sealegs, has applied delist its shares from the NZX.FMS said it had previously considered a delisting from NZX in 2017."The board has continued to review its position...

Sealegs competitor Tectrax files High Court action
Sealegs, fresh from a successful legal defence of its copyright, looks to be heading back to court after rival company Tectrax alleged it had breached the Fair Trading Act.The privately-owned Tectrax has filed papers in the High...

Future Mobility Solutions turns to a first-half loss on litigation costs
Auckland-based Future Mobility Solutions, formerly called Sealegs, turned to a first-half net loss, largely due to litigation costs in an intellectual property case

Future Mobility Solutions planning to de-list from NZX, move overseas
Future Mobility Solutions, the company formerly known as SeaLegs, plans to delist from the NZX, saying the market is too small

Sealegs plan global expansion, name change
Auckland-based Sealegs, which manufactures and sells amphibious boats and systems in New Zealand and overseas, today announced plans to expand globally and to change its name. The company - which intends to rebrand as Future Mobility...

Sealegs gets High Court injunction to protect technology ahead of lawsuit
Sealegs International says it has obtained a High Court injunction to protect its intellectual property from being copied ahead of a trial set for September next year.Auckland-based Sealegs, which manufactures and sells amphibious...