announcements

Aerofoil Energy announces results for the year to Nov 2018

2018 was a year of exceptional achievement for Aerofoil Energy, operationally and financially, and provides a springboard for our continued rapid growth in the current year...

11-Mar-19

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Financial Highlights:

• Turnover increased from £0.6m to £8.9m
• Net assets over £3m and debt-free
• Strong operating cashflow

Operational Highlights:

• Over half-a-million Aerofoil sales in the year
• Aerofoils now installed in over 2,500 UK stores
• First nationwide roll-out completed for Sainsbury’s
• Now engaged with over 20 retailers internationally
• New products from Vortex development pipeline

Our client list now includes many of the UK’s largest grocers and retail chains...

The roll-out of Aerofoil and Vortex technology to nearly 1,400 Sainsbury’s stores commenced in February 2018, and completed successfully in March 2019. Other substantial orders followed including from Asda, several Cooperative societies, Boots, SSP and WH Smiths. More recently, M&S and its franchisors commenced a programme to install our technology in some 800 stores. We also launched trials with Tesco and other UK grocers, as well as Walmart in the USA and Canada. In total, Aerofoils are now installed in over 2,500 stores across the UK.

Major roll-out contracts resulted in rapid sales growth...

In the year to 30 November 2018 we sold over 500,000 Aerofoils and recorded turnover of £8.9m.† Our net assets now exceed £3m and we are debt-free, having funded our growth organically and with the support of shareholders. Our financial stability gives us freedom to accelerate our product development pipeline, expand our client base, and finance major roll-out projects from internal resources. With such agility, we can move quickly and our clients can take every confidence in our operational and financial capacity to deliver.

We continued to innovate and enhance our suite of energy-saving technologies...

Approximately 70% of a multi-deck’s energy consumption is influenced by the effectiveness of the air curtain. This has therefore been the focus of our attention, recognising that this is where the major gains in energy efficiency are achieved. On this front, Aerofoils are just one of a suite of energy-saving Vortex technologies that we developed in 2018. All are designed with merchandising a priority: they look great, are easy to install, perform exceptionally well, and have a positive impact on store colleagues and customers.

Our team demonstrated class-leading experience in design, operations and logistics...

We leveraged our technical partnership with Williams Advanced Engineering by adding in-house design and engineering expertise with specific industry relevance. We have also bolstered our project management and logistics capacity, enabling us to deliver major client contracts whilst maintaining hands-on control over the quality of materials and integrity of installations. Through our contracting partners, we now have Aerofoil-trained technicians distributed throughout the UK. This attention to detail enabled us to complete the Sainsbury’s roll-out with flawless results.

Further innovation and growth is planned for 2019...

With our experience in technology innovation and our logistics capability, we have established ourselves as the leader in energy-efficiency solutions for retail refrigeration. 2019 will mark the release of new technology, further growth and wider customer engagement both domestically and internationally. Darren Shapland, Chair of Aerofoil Energy, said “The company succeeded in meeting its 2018 targets, and I would like to thank our shareholders for their loyal support during the development phase and trialling of Aerofoil technology. We have set ambitious growth targets for the business in the coming years and I look forward to reporting positive progress.”

† Based on unaudited accounts to 30 November 2018. Accounts will be lodged with Companies House in due course.

Sainsbury's roll-out: mission accomplished!

Aerofoil Energy today installed the final Aerofoil in its roll-out across Sainsbury's estate...

07-Mar-19

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WHSmith chooses F1-inspired Aerofoils to save energy and reduce its carbon footprint

Leading high street brand WHSmith has chosen to fit Aerofoils to its open-fronted refrigerators in more than 430 of its travel stores...

05-Feb-19

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Aerofoils help Scotmid save energy and lower emissions

Community retailer Scotmid Co-operative have adopted aerofoil technology for their chilled food cabinets, a move that will deliver transformative savings in energy costs and carbon emissions as well as improving the retail experience for shoppers...

29-Jan-19

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SSP Group chooses F1-inspired, energy-saving aerofoils

SSP Group plc, the leading global travel retailer, has chosen the Formula One-inspired Aerofoil for its chilled food cabinets, in another major contract award for Aerofoil Energy.

23-Jan-19

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M&S chooses Aerofoils to save energy and carbon emissions

Marks and Spencer, the iconic UK high street retailer, has chosen to roll out Aerofoils, the Formula One-inspired energy saving device for open-fronted retail fridges from Aerofoil Energy Ltd.

17-Jan-19

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John Austin-Davies joins Aerofoil Energy

Aerofoil Energy is delighted that John Austin-Davies has joined the team as our specialist technical advisor and a key member of our Vortex development group.

29-Nov-18

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Boots begins roll-out of aerofoils

Another major high-street retailer has selected aerofoils as its shelf-edge technology of choice.

22-Oct-18

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Vortex is here!

Our Vortex team has developed a suite of new energy-saving technologies, which we've already installed in over 125 stores.

15-Oct-18

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Aerofoil Energy's F1-inspired refrigeration technology on show

We're in Atlanta to bring aerofoil technology to supermarkets in the US.

23-Sep-18

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Asda adopt aerofoils

We're delighted that Asda are now rolling out aerofoils across their refrigeration estate.

21-Sep-18

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Sainsbury’s to accelerate energy-savings in supermarket ‘first’

Sainsbury’s is the first UK supermarket to roll out revolutionary Formula 1 inspired aerofoil technology on fridges in the cold aisles across all of its stores...

15-Nov-17

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press articles

Not just for F1

Marks and Spencer is fitting open-front, in-store fridges with an energy-saving device developed by the Williams F1 team...

18-Jan-19

Formula One spreads its wings to the supermarket

The technology that developed the wings which help keep Formula One race cars tight to the track has found its way to supermarkets in the U.K. and soon, in the U.S...

20-Sep-18

Company using F1 tech in supermarket fridges in line for top engineering prize

Aerofoil Energy, based in Cheshire, and Williams Advanced Engineering's successful collaboration has put them in the running for the 2018 MacRobert Award...

04-Jun-18

Williams harnesses Formula One aerofoil technology for fridges

In a room at the back of a 38,000 sq ft engineering facility at the Oxfordshire headquarters of the Williams Formula One team is a supermarket fridge...

27-Dec-17

Frosty supermarket aisles could become thing of the past thanks to new gadget developed for F1

If you've ever found yourself pulling your coat closer as you pick out your chilled goods, then this will come as very good news...

18-Nov-17

Why supermarket chiller aisles may soon not be so chilly

Have you ever gone food shopping on a lovely hot day only to be turned into an icicle walking past the supermarket's open chiller cabinets?...

17-Nov-17

Chilly supermarket aisles set to become history

Chilly supermarket aisles are about to become a thing of the past as Sainsbury's has designed new F1-style gadgets to stop cold air escaping from fridges...

17-Nov-17

Williams keeps it cool

How F1 technology ended up on supermarket shelves...

17-Nov-17

Best wing since sliced bread

You'll never be chilly in supermarket aisles again - and it's all thanks to the rear wings on Williams F1 cars...

15-Nov-17

Williams' F1 rear wing tech will feature in ... supermarkets

Sainsbury's uses aerofoil to keep fridges cold, aisles warm and energy consumption down...

15-Nov-17

Here's why Formula One engineering is invading supermarket aisles

They suck airplanes up into the sky. They help race cars speed around tight corners. And now airfoils are coming to the fridge aisle...

06-Jan-16
industry journals

Combining forces for energy efficient fridges

The worlds of retail refrigeration and Formula One engineering united in 2015, when technology company Aerofoil Energy partnered with Williams Advanced Engineering...

23-May-19

WHSmith is latest to adopt Aerofoils

WHSmith is the latest retailer to adopt Aerofoil Energy’s shelf-edge technology to the open-fronted refrigerators in more than 430 of its Travel stores...

05-Feb-19

WHSmith adds F1 technology to travel stores

The retailer has added Aerofoil Energy’s shelf-edge technology in more than 430 of its travel stores...

05-Feb-19

WHSmith chooses Aerofoils

Retailer WHSmith has joined the growing list of companies choosing to use Aerofoil shelf-edge technology on its open-fronted refrigerators in more than 430 travel stores...

05-Feb-19

Marks and Spencer and Scotmid Co-operative adopt aerofoil cooling

Both retailers have announced plans to adopt cooling technology based around Formula One engineering principles for their stores with aim to improve energy efficiency...

29-Jan-19

Aerofoil demand goes global with SSP

Global travel retailer SSP Group is the latest customer to choose the Formula One-inspired Aerofoil for its chilled food cabinets...

23-Jan-19

M&S to roll out energy-saving tech for its fridges

The devices guide cold air down the front of the fridge so it can be recirculated...

18-Jan-19

M&S to deploy aerofoil technology

Marks and Spencer is said to have chosen to roll out energy-saving Aerofoils on its open-fronted retail refrigeration units...

17-Jan-19

Marks & Spencer chooses Aerofoils to save energy and carbon emissions

Marks & Spencer, the iconic UK high street retailer, has chosen to roll out Aerofoils, the Formula One-inspired energy saving device for open-fronted retail fridges from Aerofoil Energy...

17-Jan-19

M&S adopts F1-inspired tech in fridges

Marks and Spencer is reducing the energy consumed by its fridges by using Aerofoils, the Formula One-inspired device from Aerofoil Energy...

17-Jan-19

Warm response to fluid dynamics

Technology that makes racing cars go faster is now saving energy in supermarkets and reducing the 'frozen aisle' effect often found near the chiller cabinets...

05-Dec-18

ASDA adopts energy-saving Aerofoils

Supermarket group Asda is set to adopt an energy-saving aerofoil device on refrigerated cabinets in 187 of its stores...

19-Sep-18

Sainsbury's to use aerofoil technology in all cold aisles

Retailer will be adopting chiller technology based around Formula One engineering principles in a bid to improve cost efficiency and customer comfort...

15-Nov-17

F1 takes to the aisles

In one of the more unusual examples of technology transfer, an aerofoil system is to be used to improve the efficiency of fridges at 1400 Sainsbury's stores...

15-Nov-17
videos

MacRobert Award 2018 finalist

Williams Advanced Engineering and Aerofoil Energy were selected as a MacRobert Award finalist for their aerodynamic shelf-edge technology 'aerofoils', which significantly reduce energy consumption in supermarket and convenience store fridges.

13-Jun-18

 

The Institution of Engineering and Technology

Describing how aerofoils can assist in reducing energy consumption in supermarket refrigeration, Paul McNamara and Ian Turner discuss how Williams Advanced Engineering has assisted Aerofoil Energy in its product development.

20-Jan-16

 

Claire Williams at CBI annual conference

Williams F1 racing deputy team principal Claire Williams gives her take on the first CBI annual conference she's attended, how Williams plans for success and the business partnerships that take formula 1 technology and innovation from the track to the supermarket aisle.

09-Nov-15

 

F1 technology cuts supermarket emissions

The cutting-edge technology behind Formula One cars isn't limited to the racetrack. Engineers at F1 team Williams adapt much of their expertise to help industry. And this aerofoil device could help supermarkets make big energy savings, says technical director Paul McNamara.

04-Jun-15