The Local Capability Fund enabled a Perth-based company to acquire novel technology which created new and unexpected opportunities for their business.
Laboratories for Materials Advanced Testing Services (LMATS) was provided funding under the COVID-19 Business Recovery Round after the company’s revenue declined due to the pandemic.
The Bibra Lake business provides a wide range of structural testing and inspection services for various industries.
Perth Manager Johann Petrick said the Phased Array Ultrasonic Testing unit LMATS bought had assisted the company to diversify its services.
“This specific unit has some unique capabilities - it can do something called total focus analysis, which is a very advanced phased array technique,” he said. “But after we purchased it we realised we could use it for other stuff as well, like testing rail axles.”
Mr Petrick said he was hoping the new technology would help the business secure more contracts as they now plan to expand their testing into the defence and energy sectors.
He said the company was also looking at purchasing more Phased Array Ultrasonic Testing units, which could create more jobs and apprenticeships.
“Every one of these units needs a technician, so it could be massive,” he said. “I would say in 12 months we would be looking at [purchasing] ten units, not one.
“No one wants to be the first with new technology so we have our foot in the door.”
Managed by the Department of Jobs, Tourism, Science and Innovation’s (the department) Industry Development Division, the LCF is a competitive grants program that assists local businesses improve their capability and competitiveness to supply goods, services and works to the government, major projects and other important markets.
The funding can be used for equipment, improvements to internal business infrastructure and systems, and expert consultancy fees.
The department will be running a series of stories to promote local business outcomes as a result of LCF funding.
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