Press release
Surfboard Manufacturer Ennobled
Hydroflex Technologies GmbH embarks on a global course of expansion with an investment by the Prince of Hohenzollern.HEIDELBERG and WOLFSBURG, Germany - 11.10.2007 - For Sven Brauers, Managing Director of Hydroflex Technologies GmbH, the investment comes at the right time: "The investment enables us to grow even faster and to approach the important U.S. and Australian markets." In addition to its own "bufo boards" brand, the Company will also manufacture surfboards under the technological brand "Hydroflex Technologies" within a private labeling frame for other brands already established on the market.
The investor, His Serene Highness Karl Friedrich von Hohenzollern, heir to the throne, is convinced of the Company's success: "The surfboard sector has been undergoing changes since the collapse of the Blank manufacturer Clark Foam in December 2005: more and more boards are produced in the Far East. The innovative production technology facilitates commercial production in the surfing nations and prevents further migration to low-wage countries."
Pipe Master and surfing legend Robbie Page has won the Australian championships twice consecutively already in his age group on a Hydroflex board and is thrilled by the surfboard: "It is the fastest and most efficient board I have ever surfed on". In cooperation with international surfing pros, the Company developed a completely new, flexible board for surfing. The Company bases its patented construction design on nature: A bionic board structure sets new standards in surfing features and surfboard breaking strength while allowing for the use of far more environmentally friendly materials. (http://www.bufo-boards.com).
Press contacts:
Hydroflex Technologies GmbH / Sven Brauers / Major-Hirst-Str. 11
38442 Wolfsburg / Germany / info@bufo-boards.com / Tel:+49-5361-2728700
PvH Capital GmbH & Co.KG / Andreas Schuster / Im Neuenheimer Feld 581
69120 Heidelberg /Germany / info@pvh-capital.com, Tel: +49-6221-7292570
About Hydroflex Technologies GmbH:
The Company was founded by brothers Sven and Rouven Brauers in 2003, following many years of development work. Hydroflex Technologies GmbH is incorporated in the Volkswagen AG network under the aegis of Wolfsburg AG. Among others, the Company was awarded the ispo BrandNew Award as well as the IF Design Award for technology and design.
Internet: http://www.bufo-boards.com
About Prinz von Hohenzollern Capital GmbH & Co.KG:
The Venture Capital enterprise Prinz von Hohenzollern Capital GmbH & Co.KG's headquarters are located in Heidelberg. The Company favors investment in the early phases of business models with above-average growth potential and focuses on sectors such as biotechnology, energy and environment technology, information technology, medical technology as well as leisure.
Internet: http://www.pvh-capital.com
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