REDARC makes Westpac’s top 20 “ businesses of tomorrow ” list
Big News for REDARC Electronics
REDARC Electronics are pleased and deeply honoured to announce that it has been named one of Westpac’s Top 20 “ businesses of tomorrow ”.
As part of the BoT program, Westpac recognised 200 of the nation’s outstanding companies at a summit in Sydney on the 7th of April.
The Westpac Businesses of Tomorrow program recognises and supports Australian businesses today who have a clear vision for tomorrow. The program helps businesses, big and small, transition and grow in a changing economy. The program had an incredible response from Australian businesses, receiving close to 2,000 applications.
Of the 200 recognised, 20 businesses were exclusively picked to be given the opportunity to participate in a mentor-matching program with Australian business leaders such as fashion designer Carla Zampatti and AGL chief executive Andrew Vesey. The 20 businesses will also receive a tailored $100,000 professional services package and a global study tour in the USA and China.
REDARC was selected for their bold vision to quadruple the business through market expansion, and its focus on innovation with over 30 employees dedicated to research and development.
Being a technology focused business, REDARC’s entire business model is based upon innovation. They chose to put technological development into everything they do and invest 15% of annual revenue into R&.
As an advanced manufacturer, they need a highly skilled and empowered workforce, and without this, their product wouldn’t be at the technology level that it is today.
Ahead of the $20 million expansion of their manufacturing facility in Lonsdale, South Australia, REDARC will be looking to double their workforce over the next four years as well as the purchase of additional state-of-the-art machinery and testing and validation equipment. This will enable REDARC to comply with international market regulations as well as defence and medical standards.
REDARC Electronics has over 35 years in the research, design, development and manufacture or a range of electronic and power management products. REDARC was recently awarded back to back Excellence in Manufacturing – Gold Award (over $10 million turnovers) at the Australian Auto Aftermarket Excellence Awards Banquet.
To learn more on REDARC Electronics visit their website!