Hightech sector defies tough market conditions Technology Innovation Network TIN 100 Report

Issue 33 – November 2011

Industrial Research Limited Chief Executive Shaun Coffey says the recently published 2011 Technology Innovation Network (TIN) 100 Report shows the ability of New Zealand's top hightech companies to prosper despite challenging market conditions. 'The continued growth in revenue of TIN 100 companies is one indicator of a healthy, dynamic manufacturing sector and shows that investment in technology can insulate firms to an extent from unfavourable macro-economic conditions,' says Coffey.

TIN has published the report, a list of New Zealand's top 100 technology companies by revenue, for the last 7 years. The report provides insights into New Zealand's top ICT, hightech manufacturing and biotechnology firms and does much to profile the high-value manufacturing sector. Coffey says it is particularly encouraging to see advanced manufacturing firms like Rakon and Scott Technology among the star performers in the report, published in association with IRL.

'Advanced manufacturing, more than any other sector of the New Zealand economy, has the potential to greatly increase its contribution to GDP,' says Coffey. He says many of the successful products and services developed by New Zealand firms that compete on the world stage are underpinned by this country's science and technology capability.

For more information call Mike Eng at Industrial Research Limited on 04 931 3029.

Summarised from an Industrial Research Limited media release 30 October 2011.

Published in business and ICT.