WASSP receives a $15.0m grant

Dec 07, 2016

WASSP Sounder Technology Receives a $15.0m R&D Growth Grant

ENL Group will receive a $15m R&D Growth Grant from Callaghan Innovation to assist with ongoing investment in its globally recognised and New Zealand made WASSP Multibeam Sounder.

New Zealand based ENL Group, the parent company of Electronic Navigation Ltd, has announced that it has received a NZD$15m R&D Growth Grant from Callaghan Innovation to assist with ongoing investment in its globally recognised 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 to 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.

About ENL Group Ltd

Electronic Navigation Ltd (ENL) is New Zealand's premier marine electronics company. Founded in 1946, ENL is a privately owned company that has earned a solid reputation for genuine service, innovation and supplying quality marine electronic products, with 70 years experience within the marine industry.

Through a comprehensive network of technical service dealers and recreational dealers, ENL excels at its traditional activity of providing nationwide distribution of marine electronics.

http://www.enl.co.nz

About WASSP Ltd:

WASSP Ltd, an ENL Group Company, is a world leader in multibeam sounder technology. WASSP multibeam sounders allow a wide spectrum of marine users to map the seafloor and see detailed information in the water column using its wide sonar coverage.

The technology accurately profiles the water column and seafloor highlighting reefs, wrecks, fish schools, seafloor hardness changes and foreign objects in the water column or on the seafloor. The information is presented in user-friendly displays, all controlled via a mouse and stored on computer hard drive for future use.

Electronic Navigation Ltd | WASSP Ltd

46 Hillside Rd, Wairau Valley, Auckland, NZ.

http://www.enl.co.nz

http://wassp.com