Receives $1.1m Federal Government Advanced Manufacturing Growth Fund Grant to Support Enhancements to Current Manufacturing Facilities
Melbourne, Oct 18, 2017 AEST (ABN Newswire) - dorsaVi (
ASX:DVL) is pleased to announce it has received a Federal Government Advanced Manufacturing Growth Fund grant of more than $1.1m. This Federal fund was established to help industry adjust to the wind-down of car manufacturing in Victoria and South Australia. The fund is focused on advanced manufacturing activities that will boost innovation, skills and employment opportunities.
dorsaVi Chief Executive Officer, Andrew Ronchi, said the grant will be used to support the purchase of robotic loaders, optical tracking equipment, calibration equipment and additional production engineers. We have already made significant advances to our ability to produce our sensors at volume. The additional funding will enable the company to further expand its manufacturing capacities, reduce the costs of sensors and enhance our ability to quickly respond to orders from large clients.
The grant will be spent over a three-year period and will be supplemented with additional investment from dorsaVi.
About Dorsavi Ltd
dorsaVi (ASX:DVL) is an ASX company focused on developing innovative motion analysis device technologies for use in elite sports, occupational health and safety and clinical applications. dorsaVi believes its wearable sensor technology enables – for the first time – many aspects of detailed human movement and position to be accurately captured, quantified, and assessed outside a biomechanics lab, in both real-time and real situations for up to 24 hours.
Our technology has applications across three sectors:
- Clinical: ViMove is transforming the management of patients by providing objective assessment, monitoring outside the clinic and immediate biofeedback. ViMove is currently used by medical and physiotherapy practices in Australia, the United Kingdom, and the United States.
- Elite Sports: ViPerform is allowing coaches and medical teams managing elite athletes and teams to screen athletes and provide objective evidence for decisions on return to play, measure biomechanics and provide immediate biofeedback out on the field, tailor and track training programs and optimise technique and peak performance. ViPerform is being used by AFL and NRL clubs, Cricket Australia, and the Australian Institute of Sport (AIS) in Australia. Barclays Premier League (EPL) clubs in the UK and US based sports clubs from the National Basketball Association (NBA), the Major Soccer League (MLS) and the National Football League (NFL) as well as various Olympic teams and athletes internationally.
- OHS: We combine innovation, measurement, and quality to reduce workplace incidents, costs, meet compliance and improve brand reputation. ViSafe enables employers to assess risk of injury for employees as well as test the effectiveness of proposed changes to workplace design, equipment or methods based on objective evidence. ViSafe has been used by major corporations including Sodexo, London Underground, Vinci Construction, Crown Resorts, Caterpillar (US), Monash Health, Coles, Woolworths, Toll, Toyota, Orora (formerly Amcor), Crown and BHP Billiton. Australian Workplace Compliance delivers risk mitigation through compliance to OHS, Quality Management Systems, Company Policy, and Process.
Further information is available at https://www.dorsavi.com
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