Market Resarch

Through the Commercializing Emerging Technologies (COMET) program, the Australian Government funded a preliminary Business Plan and Market Research Report on commercial opportunities in the wood-chipper sector, in Australia and the U.S.A.

In the four-year period to 2008, INDSAFE could conservatively achieve total gross revenues in excess of AU$40 Million in the wood-chipper retrofit market alone … in the U.S.A. and Australia.

In an overlapping series of R & D projects, we see a growing range of MACHINE GUARDING, SAFETY MONITORING AND MATERIAL PROCESSING SYSTEMS covering many possible applications in the industrial and agricultural fields, as outlined previously.

Uptake in all industrial sectors will be driven by:

• The risk of litigation to ALL concerned parties following an industrial accident/fatality.
• Pressure from Insurance interests.
• Pressure from Trade Unions.
• Pressure from Workplace Health & Safety Authorities.
• Risk to business viability following any serious industrial incident.
• Social pressures.
• Desire for improved business productivity and workplace morale.
• Competition between Manufacturers.

The development of a new technology that is available both in retrofit form and incorporated in new machinery, places the onus on manufacturers, distributors and employers with regard to both risk of litigation (through continued use of inherently unsafe plant and equipment) and workplace viability.

The options regarding fund raising, equity splits, licensing and trade sales etc are being examined closely at the moment … and professional advice on best practice is being sought.

The current shareholders of PEMACO Pty Ltd., the company holding the intellectual property, have open minds regarding all possible future alternatives.