South Australian automotive company Supashock today signed a landmark agreement to partner with Rheinmetall.
The agreement, officially signed at Supashock’s Magill headquarters, takes the relationship between the two companies to another level.
Only a few months ago they agreed to work together on the development of active and passive suspension systems for implementation into trucks.
Minister Pyne said Supashock is a shining example of an Australian company who has used innovative ways to enter a completely new market.
“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
“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.”
“The Turnbull Government has been able to help Supashock connect with Rheinmetall through the Centre for Defence Industry Capability (CDIC) under Defence’s Global Supply Chain initiative.”
“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,” Minister Pyne said.
“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.”
“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” Minister Pyne said.
For more information on the Global Supply Chain Program and other industry support programs visit www.business.gov.au/cdic