And you can invest! A minimum $98,000 to get in the game…
Earlier today, the press man from Surf Lakes, Wayne Dart, emailed photos of the Occy and Barton Lynch endorsed wavepool, currently under construction in North Queensland.
As was reported one year ago, and according to the then Memorandum, Surf Lakes costs half the price of Wavegarden’s new tank The Cove to build (Fifteen mill instead of thirty), creates more than double the weekly revenue of The Cove and two hundred times more than Slater’s pool (Six hundred gees versus two fifty k and three gees), creates 2400 waves per hour vs 1000 (The Cove), dwarfing estimates of fifteen for Slater’s pool.
The device goes up and down to create a circular ring of waves, like the concentric rings created when you throw a stone into a pool. You’ll get a throwing peak takeoff, with a wave that loses size rapidly after the initial takeoff.
Surf Lakes say their “main goal is to be able to commission the demo site by mid-July. However, there are some things that are out of our control such as the weather.”
“We have now received over 90 inbound licensing enquiries. We expect to sign the first licensee, which will either be from Australia or the USA, in the coming weeks. This represents first revenue for our company.”
Here’s how it’s looking thus far (captions by Surf Lakes).
Investors are still being sought, if you’re that way inclined although the minimum investment is $98,000 and you must be a “sophisticated investor.” That means y’gotta have two-and-a-half mill in assets and earn a minimum of 250,000 a year.