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Increasing nett present value

  Press Release: September 14, 1999

From one engineer to another - His Excellency, Sir Eric Neal, Governor of South Australia visits Dadanco

Recent publicity of Dadanco's achievements in the world of air conditioning prompted His Excellency Sir Eric Neal, Governor of South Australia, to visit the company's headquarters today to meet the people behind the successes.

Sir Eric was given a tour of the premises and a demonstration of the high-tech research and development processes used by DADANCO to design optimum performance, energy-efficient air conditioning systems for clients across the globe.

As a qualified engineer, His Excellency recognised the uniqueness of the technology, which has been developed in South Australia by a burgeoning business with only eight employees.

"DADANCO is among the fastest growing businesses in South Australia, and with continued growth at this rate, will help to focus global attention on our State as a recognised leader in technology, innovation and business development" Sir Eric said.

Company co-founder Professor Sam Luxton referred to the support of the University of Adelaide. He emphasised that Mr Vladimir Petrovic, who was studying for a PhD in air conditioning when the company was founded, could not have developed his ideas into world patented technologies without such strong assistance.

Mr Petrovic also highlighted that DADANCO's global success was supported by excellent quality and craftsmanship in the manufacturing process, a job carried out by Mr Wayne Mason and his company, A1 Ducting Pty Ltd, also based in Adelaide, at Dry Creek.

The Governor said he recognised DADANCO as a true success story in the commercialisation of a new technology, a result of cooperation between research institutions and commercial industry..

Sir Eric stated that the tour had reaffirmed what he had already heard about Dadanco's innovative technology and professional, global approach to business.