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Orbital Corp

 
Hoover's Profile: Orbital Corporation Limited
(OTC:OBTLY) (Australian:OEC)
Contact Information
Orbital Corporation Limited
4 Whipple St.
Balcatta, Western Australia 6021, Australia
Tel. +61-8-9441-2311
Fax +61-8-9441-2133

Type: Public
On the web: http://www.orbeng.com.au
Employees: 89
Employee growth: 3.5%

Orbital is going from Down Under to all over the world with its direct-injection engine technology for automobiles, boats, and motorcycles. The technology, known as the Orbital Combustion Process (OCP), is used in engines to reduce fuel consumption and emissions output. Orbital is pushing licensing as a way to establish OCP as a commercially viable product. Although the company is more successful at getting its engine technology into motorcycles and watercraft, it does sell license agreements to vehicle and engine makers, including Mercury Marine. Orbital also earns revenues from royalties and from prototype and component manufacturing. The Asia/Pacific region generates about three-quarters of Orbital's sales.

Key numbers for fiscal year ending June, 2009:
Sales: $16.3M
One year growth: 14.9%
Net income: ($2.0)M

Officers:
Chairman: W. Peter Day
CEO and Managing Director: Terry Stinson
CFO: Keith A. Halliwell

Competitors:
Daimler
Ricardo
Robert Bosch

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