Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Orion increases investment in 4RF Communications

Orion increases investment in 4RF Communications Ltd

Orion New Zealand Limited has invested a further NZ$3.6 million in innovative New Zealand microwave technology company 4RF Communications Ltd, bringing its total investment in the company to just over NZ$17 million.

Orion first invested in 4RF in early 2001 with an initial investment of NZ$6.5 million and an agreement for subsequent investment. The recent investments have been made in two tranches following 4RF achieving agreed revenue, international distribution, and technical milestones.

4RF engineers high-performance point-to-point radio technologies for professional mobile radio, trunking and cellular network applications. Exports to Western and Eastern Europe, South Africa, India, Asia, the Middle East, Australia and the Pacific have contributed 77% to 4RF revenues this year.

Orion New Zealand Chairman Linda Constable said Orion had been very pleased with the performance of 4RF and was looking forward to continuing to play an active role in the company’s development as it expands its international markets.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>