• Tesco roll-out completed successfully
• Aerofoils now design specification for new cabinets
• Advanced trials with major international retailers
• Aerofoil Energy wins Queen’s Award for Enterprise
• Vortex technology moves into store trials
Revenues were boosted by Tesco roll-out:
We completed the roll-out of Aerofoils across Tesco’s estate on schedule despite the significant challenges of working in stores during the peak of the Covid-19 pandemic and under commensurately tighter health and safety protocol. Feedback from Tesco stores and management has been very positive, and we are now working with the retailer on our new technology programme.
OEM sales increased three-fold:
In addition to retro-fit projects, Aerofoils are now specified as design standard for new cabinets for Sainsbury’s, Asda, Tesco and Co-op. Consequently, our sales to cabinet manufacturers alone has more than tripled in 2020, and is expected to continue to grow as more customers adopt Aerofoil technology going forward.
Business development for Aerofoils is increasingly focused on key international territories:
Having now captured ca. 80% of the addressable market for Aerofoils in the UK, our business development efforts are increasingly focused overseas on major international retailers. We have appointed partners for key territories, who have proven a critical on-the-ground resource, initiating trials with several new customers and helping to accelerate our traction in these important markets.
Our Vortex programme moved into store trials:
Our Vortex technology suite includes several aerodynamic innovations, which can be incorporated into new cabinets by OEM suppliers to our existing clients. These additional technologies significantly boost the energy savings achievable with Aerofoils. Vortex cabinets are now in trial stores with the major UK supermarket chains.