SHEDDING the intellectual property that has won it international acclaim in recent years is a sound strategic move, says R&D Technology Solutionz.
The Palmerston North company sold two subsidiaries it set up to promote products it developed from concept to focus on its core consulting business, which it is expanding internationally. The company sold Smart Surveillance Technologies to Visual Footprints, and RF Communications to Remote Control Limited earlier this year in a move that group marketing manager Chris Symonds describes as strategic and necessary, as it has allowed R&D to consolidate its technical and intellectual knowledge into the one organisation.
“We never had plans to operate those companies, it is not our core business, but we retained the people who developed the intellectual property,” he says, adding the company now wants to focus on its global consultancy service.
R&D is offering consulting services on product, software systems and automation development, as well as systems integration and commercial deployment, which Symonds says it is more than qualified for.
“Unlike most of the large consulting firms, we have first-hand experience doing all of this. We have done the hard yards and have come out battle-scarred, but have learnt all the hard lessons,” he says.
R&D set up Smart Surveillance Technologies to market GNOME, an intelligent camera controller that integrates with digital surveillance systems and retail point-of-sale devices.
Last June R&D reached an agreement - expected to generate $18 million - with US importer Hitron for the sale and distribution of the product throughout North, Central and South America, while in December 2004 a similar agreement was struck to cover Africa, India, Pakistan, South-East Asia and Asia.
Symonds says an important element of the sale to Visual Footprints is that R&D will continue to provide technical assistance, service support and ongoing industrial research and development to the new owners.
RF Communications, meanwhile, was a division formed to develop wireless products for heavy vehicles, such as the successful Status Automator vehicle management system.