Sunday, Jun 25, 2006 at 09:40
Hi Barnsey,
As mentioned above, the major initial invesment in Orbital came from BHP.
The Orbital engine development ceased in the very early 80s, not due any conspiracy or buy out, simply because it was not a manufacturable in terms of tolerances, etc for the concept to work. A lot of effort went into development of a two-stroke auto engine (for Ford). Whilst this was successfully developed, it missed major product release milestone and never made it to production. The
fuel injection technology developed in parallel has been progressed and is now in production on many two-stroke engine applications globally (outboards, PWCs, motorcycles and soon rickshaws) and development programs for a range of four-stroke opportunities.
There are lots of urban myths about buy outs, US ownership, etc. The fact is that Orbital is a publicly listed company on the ASX, with the usual spread of small and institutional investors. It remains Australian based (in
Perth), with 50% ownership (& 50% Siemens VDO) of a JV company (Synerject) in the US which manufactures the
fuel injection system and looks after system integration. Over the past four years, the
Perth activity has evolved into a global powertrain Engineering
Services business rather than just focused on Orbital technology, though royalty/licence income and system sales (from Synerject) remain the other income streams.
Sorry for the sideline from biodiesel but I thought it might be interesting to know what happened. For the record, I've been with Orbital since '92 and am currently an engineering manager (projects and R&D). Refer website if interested Orbital Website"
Regards,
Hugh
FollowupID:
436495