WASSP Sounder Technology Receives a $10.6m R&D Growth Grant
New Zealand based ENL Group, the parent company of Electronic Navigation Ltd, has announced that it has received a NZD$15m ($10.6m) R&D Growth Grant from Callaghan Innovation to assist with ongoing investment in its globally recognized and New Zealand made WASSP Multibeam Sounder.
Callaghan Innovation is a New Zealand government agency that helps businesses succeed through technology and R&D.
ENL Group Managing Director Gareth Hodson says the R&D grant further assists the company as it looks to expand its product range required increase the company’s export revenue opportunities.
“ENL Group foremost is a technology company. In the past we have developed products outside of our WASSP multibeam sounder system and we will continue to do this in the future,” says Mr Hodson.
“In October we launched our third generation multibeam sounder which is based on a scalable hardware platform with endless possibilities for many new products including bottom classification and biomass research.”
“ENL Group has invested tens of millions of dollars over the last 20 years into R&D. Alongside this new grant, we will be allocating further significant financial investment over the next three years as we develop new product lines, and grow our markets internationally.”
As well as being the parent company of WASSP Ltd, ENL Group is also the New Zealand distributor for FURUNO Electronics of Japan.