Marand partners with Grey Innovation on NOTUS Emergency Invasive Ventilator Program
20 April 2020

Marand partners with Grey Innovation on NOTUS Emergency Invasive Ventilator Program

Marand Precision Engineering (“Marand”) today announced its partnership with Grey Innovation, supported by the Victorian Government and Advanced Manufacturing Growth Centre (“AMGC”), to manufacture NOTUS Emergency Invasive Ventilators in support of the Australian and Victorian Government’s response to the COVID-19 pandemic.

The program has an initial potential order volume of 4,000 units. The initial order for 2,000 units for the Australian Government, with the first units expected to be delivered in June, has commenced initial prototyping. The Victorian Government has announced its intent to order a further 2,000 units.

Rohan Stocker, CEO of Marand said, "From the outset of this crisis, Marand has been keen to play our role to help our community by building critical products that are needed urgently. We have the engineers, the capability and 50 years of manufacturing experience, so when the Victorian Government connected us with Grey Innovation, we were able to respond and mobilise immediately. We needed to do this and are grateful for the opportunity to help.”

Under the proposed partnership arrangement, Marand, together with the other program partners and our combined local supply-chains, will manufacture and assemble thousands of critical parts for the NOTUS Emergency Invasive Ventilator Program.

“Marand has a proven history of re-directing our capability towards new challenges. Our capabilities and skillsets are highly transferrable, from being Australia’s largest supplier to the F-35 Joint Strike Fighter Program servicing Lockheed Martin and BAE Aerospace, to supporting Australia’s next generation of advanced manufacturing companies, such as Carbon Revolution. We are used to developing and manufacturing products with tight schedules and demanding requirements,” said Stocker.

Jefferson Harcourt, Executive Chairman of Grey Innovation said, “This critical project is all about rapid response and agility and we are grateful to Rohan and the Marand team for their expertise and willingness to help us make it happen right from the start.”

About Grey Innovation

Active in healthcare, environmental tech, and defence sectors, Grey Innovation operates a scalable platform to unlock the best Intellectual Property and fast track it to commercial success. Focusing on the identification, licencing, development and commercialisation of IP to build substantial new companies, Grey Innovation’s vertically integrated model allows repeatable deployment of people, products and processes, accelerating value creation, while reducing risk. The result is the company provides superior returns to its investors. For more information visit www.greyinnovation.com

About Marand

Marand Precision Engineering Pty Ltd designs and manufactures complex and innovative equipment and products primarily for the aerospace, defence, mining, rail, and renewable energy industries. Our customer base also includes companies such as Lockheed Martin, BAE Systems, Boeing, BHP Billiton, Rio Tinto. Marand is privately owned by CPE Capital.

For more information visit www.marand.com.au

Media Contact – Marand

Alex Lyon
Marand, Business Development Manager
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+61 417 384 223

Media Contact – Grey Innovation

Wani Wall
Communications & Partner Relations
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