Media Release for immediate use: Thursday 20 May 2010
Company Gives NZ Government R & D Boost the Thumbs Up
Tait Radio Communications supports today’s Budget announcement regarding the provision of a $234million boost for
applied research and development.
This business investment announcement by the New Zealand Government is designed to help lift the country’s long-term
economic performance. Tait Radio Communications Finance Director David Wade says this funding boost is definitely the
right approach for wealth creation in New Zealand.
“As a New Zealand-owned organisation, Tait is firmly committed to seeing growth and technology proceed hand-in-hand in
this country,” he says.
“Compared to other countries in the OECD, New Zealand has underinvested in applied research and development. But this
commitment from the Government to invest in the area of business research and development is encouraging for the
commercial sector and will benefit the whole of New Zealand.”
David Wade says it’s a step in the right direction having a government take a long-term approach in the area of research
and development (R).
“Companies like ours plan their “pipeline” of innovations as much as seven years out, so this longer term continuity of
funding will definitely be beneficial,” he says. “When we think about how to take an idea from the drawing board through
to delivery to a customer, we look at several criteria for success.
“First and foremost is customer value and differentiation from competitors. It’s important to develop our capability and
partner with Kiwi supplier and IT businesses to create spin-off benefits for everyone.
“The grants announced in the Budget today will go to companies with a strong track record of successful investment in
research and development. Companies which have proven they can secure great returns for New Zealand will be targeted for
this new investment initiative.”
David Wade says Tait also supports the $20million project-based voucher scheme for smaller companies. He says it’s
important to have a diverse high-tech environment because the smaller R companies of today will become the larger ones of tomorrow.
He says this government funding will give companies which already have research and development experience and incentive
to do even better. He says with extra funding available, Tait Radio Communications will now be able to invest even more
heavily in research and development.
“We will be able to use these grant funds to take a look at more opportunities to innovate and thereby deliver more
value to our customers. Tait Radio Communications is in growth and recruitment mode, so there’s no shortage of ideas in
how to do that!”
Background information:
Tait Radio Communications is a global leader in designing and delivering radio solutions which are the right fit for a
variety of industries including public safety agencies, government services, utilities and urban transport providers.
Across the world, users of Tait products and services are better able to protect themselves and the public, be more
responsive and more efficient.
While several corporate functions are based in Christchurch, the company prides itself on its international customer
base and global support network. The company works with a network of sales/support offices, dealers, system integrators
and consultants that spans the globe.
ENDS