A small technology company from Canberra has signed a new $1.4 million deal with the US Marine Corps.
Kord Defence, which develops programmable control systems for military and law enforcement markets, credits their export success to the early investment by the Defence Innovation Hub.
The contract will enable Kord to complete the development of its Rifle Accessory Control Unit Technology.
Minister for Defence Industry Melissa Price said it was an example of how the Defence Innovation Hub is opening doors for Australian companies.
“I’m pleased to see the investment our Government made in Kord has enabled them to grow and pursue new export opportunities in global markets,” Minister Price said. “Along with growing the sovereign capability of our own defence industry, this is precisely what we designed the Defence Innovation Hub to do.
“It’s really great to see another Canberra company highlighted on the world stage.”
Kord’s Managing Director, Dr Peter Moran said development of their technology would not have been possible without the support of the Defence Innovation Hub.
“Winning an Innovation Hub contract in 2017 enabled us to develop a wireless control system which formed the basis of the technology now being tested by the US Marine Corps,” Dr Moran said.
Kord has previously signed contracts for its technology with the US Marine Corps, most recently in 2018, but has been working on the technology for over a decade now.