Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Adelaide SME partners with major prime

supashock minister pyne

South Australian automotive company Supashock has signed an agreement to partner with international prime and defence leader Rheinmetall.

South Australian automotive company Supashock has signed an agreement to partner with international prime and defence leader Rheinmetall.

The agreement, signed at the SME's headquarters in the Adelaide suburb of Magill, will see Rheinmetall acquire a 49 per cent stake in the company.

Advertisement
Advertisement

It comes just three months after the pair agreed to work together on the development of active and passive suspension  systems for implementation into trucks.

The South Australian company designs, develops and manufactures state of the art active shock absorbers for motorsport and heavy mining applications to improve safety, ride quality and loading operations.

Rheinmetall is currently the largest supplier of military vehicles to the Australian Defence Force.

Minister for Defence Industry Christopher Pyne attended the official signing in his home state of South Australia and said the Adelaide SME is an excellent example of an Australian company entering a new market for its innovation.

"Supashock is a great example of a local Adelaide business who was been able to diversify from an automotive background into the defence sector," Minister Pyne said.

PROMOTED CONTENT

"With 25 employees at its headquarters in Magill, a partnership like the one made with Rheinmetall, a significant global defence company, will only see that number grow and be sustained well into the future.

"Supashock also received a $468,887 commercialisation grant under the Turnbull government’s Entrepreneurs’ Programme to help develop its dynamic suspension technology for armoured and protected defence vehicles in April this year."

The Australian government’s Centre for Defence Industry Capability's (CDIC) Global Supply Chain initiative helped Supashock connect with Rheinmetall Defence.

The CDIC collaborates with industry to support initiatives like the Entrepreneurs’ Programme to boost the competitiveness and innovation of Australia’s defence industry.

The government assistance will support a dedicated design, manufacture, install and test project to take the suspension from prototype to production for installation in Rheinmetall Defence military vehicles.

Minister Pyne said Supashock's success should be an inspiration for other SMEs to look to the CDIC to diversify their businesses into defence.

“I commend Supashock founder and owner, Oscar Fiorinotto, for striving to diversify into the defence industry market and as a South Australian, I urge other businesses to look at doing the same," said Minister Pyne.

“I encourage all Australian businesses who want to work with Defence to visit the CDIC website at business.gov.au/cdic to seek advice from a business adviser."

 

Adelaide SME partners with major prime
Supashock-Minister-Pyne.jpg
lawyersweekly logo

The inaugural Defence Connect AIC Summit will place you with key decision-makers and stakeholders within the defence industry to discuss the government’s intention to improve AIC and increase the nation’s sovereign production, defence capability and resilience. Don’t miss your chance to be part of this event, register for free today to attend the live stream on 22 October. Register your interest to attend, visit: www.defenceconnect.com.au/aic-summit

more from defence connect

Sep 16 2021
Defence releases RFP for air defence system
Industry stakeholders have been invited to submit proposals for the ADF’s future medium-range air defence capability. ...
New Zealand to uphold ban on nuclear vessels
Sep 16 2021
New Zealand to uphold ban on nuclear vessels despite Australia’s submarine program
New Zealand PM Jacinda Ardern told reporters that the country intends to uphold its ban on nuclear powered vessels within its terr...
Sep 16 2021
PODCAST: A different vision for Australian defence industry, with shadow minister for defence industry Matt Keogh
In this episode of the Defence Connect Podcast, host Phil Tarrant is joined by shadow minister for defence industry Matt Keogh, wh...