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OEC, ORBITAL CORPORATION LIMITED
nipper
post Posted: Jul 22 2020, 07:03 AM
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In Reply To: nipper's post @ Jan 27 2017, 09:03 AM

Doing workouts, bench presses, getting traction

https://www.theaustralian.com.au/business/m...04210b7c80dd10c

QUOTE
. Orbital Corporation, Ralph Sarich’s engine invention company that listed on the ASX back in 1985, has certainly reappeared on the radar of investors.

Some 35 years on, the company has long abandoned its signature engine which promised more power, fewer emissions and significant fuel economy.

Having failed to interest the car industry, Orbital instead has turned to the market for tactical military unmanned aerial vehicles. Its pivot to defence industry drones is showing some sign of success.

Its April investor presentation affirmed profitable revenue between $25m and $35m for the year to June 2020, compared with $15m the previous year.

Once the biggest ASX listed company in Perth, with its shares at $50, Orbital has seen a share price rally this month from 74c to $1.46, up another 14 per cent Tuesday.

It appears the engine technology company, headed by chief executive Todd Alder, has been buoyed by the recent launch of the federal government’s 2020 defence strategic update and the recent visit by Minister for Defence Linda Reynolds to its Balcatta HQ......




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: rlane  
 
nipper
post Posted: Jan 27 2017, 09:03 AM
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well, wake me up from the long slumber
QUOTE
A generation after Ralph Sarich's plans to revolutionise internal combustion technology with an orbital engine ended in utter failure, the company he founded has been reborn with a lucrative contract to build high-performance engines for unmanned US military drones. The Orbital Engine Corporation has secured a contract worth a minimum of $44 million over three years, and up to $120m, to build its N20 engine for the US aircraft giant Boeing's ScanEagle drone.

While the N20 is a standard rather than an orbital piston engine, the fuel injection and combustion technology it employs have been derived from the Sarich engine that was developed back in the 1980s. That invention never went into production but the company that floated on the stock exchange; in 1985 has continued to license its technology and take on consulting projects. Three years ago, a new board led by John Welborn, a mining executive and former Wallaby, decided to return to the entrepreneurial mission of Mr Sarich.

Orbital had consulted to the US aircraft firm and Mr Welborn said the board decided that it needed to go back to building engines and owning the intellectual property. "The real step change was deciding not to be a consultant but to own the IP and go back to the original entrepreneurial spirit of Sarich. Let's build an engine and own it," he said.

The result is the so-called UAVE N20, which was developed with Insitu, a specialist dronemaker that was bought by Boeing in 2008. Orbital is in talks with Insitu about a supporting agreement that will cover engine rebuilds, supply of spare parts and servicing. This is expected to be completed this year.

The firm's headquarters in Perth's northern suburbs has a staff of 85, which includes about 50 engineers and technicians. It maintains the biggest engine testing facility in the southern hemisphere. ... Mr Poynton said the Insitu contract could launch Orbital into developing larger engines for all types of aircraft.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
F-W
post Posted: Mar 11 2010, 03:13 PM
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Orbital granted $440K for FlexDI

http://www.goauto.com.au/mellor/mellor.nsf...A2576E3000116A0



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people we despise, we don't believe in it at all."
-Noam Chomsky
 
gerardl02
post Posted: Apr 29 2008, 12:42 PM
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Anyone watch this board anymore? Live in the states and don't understand recent spike in price and volume. Is it time to jump on board?

 
win128
post Posted: Aug 13 2007, 11:00 PM
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In reply to: win128 on Monday 06/08/07 05:49pm

Kiss of life
20 June, 2007 | 12:58 PM

http://www.overdrive.in/article/Kiss-of-life/page1.html

Once two-strokes were synonymous with smoke-spewing, noise-polluting
demons, nasty wreckers of the earth's green environs. Technology has
provided solution to grant them a comeback to mainstream
motorcycling. Vijayendra Vikram does overview.

"Bloody two-strokes," you scream every time while quaffing billions
of blistering carbon barnacles, when an RD350 smokes you. But in this
age of clean, mileage-friendly four-stroke bikes, there still exists
the biker within us who still craves the zip only an RX, Shogun or RD
would provide. A legion still swears by them and call it a black day
when their demise occurred almost all over the world. The high levels
of hydrocarbons in the exhaust had become the primary concern for
environmentalists, while higher fuel consumption threatened to
deplete fuel reserves much faster. The two-strokes had to go and
bikers had no choice but to bid farewell to the two-stroke rush and
thrill - to preserve a green and habitable planet. What use would
bikes be on a dead planet anyway? Technology has provided a wonder
solution, so the tiny powerpacks are set to hit roads again, soon.
This time around they will be equipped to give their four-stroke
siblings a run for their money on all fronts.
Australian firm Orbital Engine Corporation's revolutionary direct
injection technology that has been acclaimed across Europe, has
resurrected two-strokes. This tech currently powers Aprilia, Piaggio
and Peugeot scooters, being compliant with strict Euro norms.
This technology, we hear, is coming India's way very soon. None other
than Bajaj Auto is tipped to backing this move. With carburettors
slowly becoming obsolete, Ucal fuel systems has tied up with Orbital
to produce fuel injection systems for two-stroke engines. It has
bagged an order from Bajaj Auto, that has already equipped its three-
wheelers with this technology. What may seem like the manufacturer's
move to turn its smoky autorickshaws environment friendly, can very
well be the face of its new entry level bike platform.
Remember `Sonic', the 100-110cc bike it displayed at Auto Expo last
year? The smart commuter bike could be Bajaj's secret weapon to
transform the entry level bike segment - and turn the game in favour
of durable and powerful, yet fuel efficient two-stroke bikes.
Direct Injection (DI) is now widely recognised as a `next generation'
technology that boosts the efficiency of conventional internal
combustion engines. It involves injecting fuel directly into the
combustion chamber of an engine, instead of entraining it through an
inlet valve in a carburetted engine.
Orbital has devised a technology comprising of an air-assisted low-
pressure direct fuel injection, combustion and engine management
system collectively known as Orbital Combustion Process (OCP)
technology. The Orbital DI system generates a precisely controlled,
finely atomized fuel cloud in the spark plug region that boosts the
efficiency of two-stroke engines and dramatically reduces emissions.
In a conventional two-stroke engine, the fuel is introduced in the
intake air stream before the mixture enters the crankcase. This
charge is compressed in the crankcase by the underside of the piston,
and enters the cylinder when the piston opens up the transfer ports.
Combustion products from the previous cycle are thus forced out of
the cylinder with this new air-fuel charge. This process of flushing
out exhaust gases is called scavenging. The downside to this
conventional architecture is that during scavenging both the ports
remain open, allowing a considerable loss of unburnt fuel along with
the exhaust stream. Also, high residual gas fractions within the
cylinder make consistent ignition difficult and hence require a rich
air-fuel mixture. This excess of fuel in turn leads to incomplete
combustion and high carbon monoxide levels in the exhaust gases. The
lubricating oil, mixed with the fuel, also makes matters worse.
The green quotient of two-strokes thus dropped, making them almost
obsolete. Orbital decided to resurrect them and came up with
the breakthrough Direct In-cylinder (DI) fuel injection technology.
In a DI system the carburettor is eliminated, and the fuel is
injected into the combustion chamber via a top-mounted injector at
the cylinder head. This arrangement allows the exhaust products to be
scavenged out by the air entering through the inlet tract. The fuel
is then injected into the cylinder, at a later stage, greatly
reducing the amount of unburnt fuel wasted in the exhaust. The DI
process also allows a rich region around the spark plug, eliminating
the need of a rich air-fuel mixture to achieve stable combustion.
This step greatly reduces the hydrocarbon content in the exhaust and
aids in increasing the fuel efficiency.
Needless to say, a two-stroke engine has always had a power advantage
over a four-stroke engine of similar capacity, as it fires once
every revolution, giving it twice the power of a four-stroke in
theory, which only fires once every other revolution. The downside to
this is poor fuel efficiency and high emission levels. DI was
conceived of to eliminate these shortcomings and its rising
popularity across manufacturers proves the point for it. This
technique has helped reduce hydrocarbon emissions by more than 85 per
cent and carbon monoxide emissions by about 70 per cent compared to a
conventional two-stroke engine. Snapping on a catalytic converter
further enhances the figures and there is no visible smoke from the
exhaust too. While it elevates fuel efficiency by a considerable
margin, there is no lag in power. A 100cc DI two-stroke engine is
capable of producing around 10PS of power and yet manages to be as
frugal as a four-stroke. This means they can now inch closer to four-
strokes in fuel efficiency and comply with stricter emission norms
while possessing their trademark zip.
Orbital had a fair idea of the cost-sensitive two-wheeler market and
worked at keeping costs low for this technology. With Bajaj Auto
aiming to transform the entry level bike segment, it seems logical
for it to get back two-stroke 100cc bikes on the road, of course with
a green tag this time. Primarily, DI two-strokes would boast higher
power than their four-stroke mates while being almost equally frugal.
Sharing technology between bikes and three-wheelers would mean Bajaj
Auto could generate numbers high enough to negate the cost
constraints associated with this expensive technology. We do hope
Bajaj Auto brings back 2-strokes in the form of the Sonic.

 
win128
post Posted: Aug 6 2007, 05:49 PM
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Posts: 8


In reply to: win128 on Friday 03/08/07 12:08pm

Polaris Ranger RZR ‘08

http://www.infomotori.co.uk/a_985_EN_19570_1.html

Polaris, the brand renowned for producing the successful Quad, now suggests a brand new type of vehicle. Polaris Ranger RZR '08 can be defined as a vehicle which features both off-roads abilities of a quad and comfort of a side by side.

Polaris Ranger RZR '08 is equipped with two side by side seats, with seatbelts, a steering wheel and a tough roll bar, and it is 2590 mm long and 1270 mm wide. Therefore the Ranger RZR '08 is a little more bigger than a Polaris Sportsman, and it also offer a wide rear baggage box.

In terms of mehcanics, alluminium chassis, a 760 cc two cylinders direct injection engine, PVT (Polaris Varable Transmission), and AWD automatic wheel drive.
In addition, disk brakes allow a safe and precise braking system. In terms of permormance, Polaris Ranger ZRZ '08 guarantees a top speed of 90 Km/h and acceleration from 0 to 55 km/h in 4 seconds. The vehicle is planned for sales by the end of the next summer in the States.

 


win128
post Posted: Aug 3 2007, 12:08 PM
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Posts: 8


In reply to: pkay on Tuesday 24/07/07 02:28pm

Criterion - The Australian -- Recommendation: SPECULATIVE BUY

http://www.theaustralian.news.com.au/story...2-23634,00.html



Orbital Engine Company (OEC) 28c

* Font Size: Decrease Increase
* Print Page: Print

Tim Boreham | August 03, 2007

HERE'S one that has snuck under the investor radar - and no wonder.
The Perth-based outfit long ago scrapped its orbital engine plans,
with founder Ralph Sarich now dabbling in property (and more
successfully).

Yet Orbital presses the right eco-buttons in promoting its
direct-injection (DI) technology, which promotes cleaner engines and
fuel efficiency.

Orbital is also a China and India story, so say no more. In China, 20
million extra bikes contribute to the pea-soup atmosphere. All of them
use carburettors, a cutting-edge innovation when invented back in 1893.

Orbital already enjoys royalty flows from makers of scooters,
motorbikes and outboards, with its DI used in 500,000 engines.

In India, licensee Bajaj Auto is producing a direct-injected
auto-rickshaw. Early indications suggest fuel gains of 30 per cent. So
if DI is used on Bajaj's 350,000 units, climate change is licked and
our Hollywood starlets can move on to world poverty or the fate of
performing bears.

Orbital also is a joint venturer in Synerject with Siemens VDO
Automotive, which makes the DI componentry, as well as other
non-related products for non-vehicle manufacturers. An engineering
services arm provides a third revenue stream.

Orbital has been edging towards profits -- $500,000 in calendar 2006.
But if the muttering around Hay Street is right, Orbital's on the cusp
of winning a big DI contract.

Orbital head Rod Houston wasn't available for comment yesterday but
has already flagged the first four-stroke product will be launched
this financial year. Orbital's been keeping a Pentagon-like silence
about a project X collaboration with Yamaha. The idle talk in trendy
Subiaco bars and Fremantle boutique breweries points to Yamaha or
Honda. Polaris, which pumps out 100,000 snowmobiles a year, should not
be overlooked either.

Last month, Orbital flagged an improved profit for the year to June
2007. The result will be underpinned by engineering services, which
made $2 million in the first half before orders slowed in the second half.

Earnings from the US-based Synerject will be hit by the rising $A
against the $US, with previous results dragged down by start-up costs
in China.

Broker Patersons expects earnings of $2 million for 2006-07 (EPS of
0.8c). The firm has also pencilled in $5.8 million (1.2c) in 2007-08,
subject to review after the 2006-07 full-year results on August 23.

Despite its low-key rehabilitation, Orbital has attracted a base of
auto-savvy groupies on the register, but fundies aren't listening.
It's understandable given DI non-starters include Ford, Saab and Mercedes.

Houston says Orbital should blast off as Synerject's Chinese
investment delivers by the start of 2007-08. If not, it's a case of
"Houston, we have a problem". Speculative buy.


 
pkay
post Posted: Jul 24 2007, 02:28 PM
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In reply to: win128 on Tuesday 24/07/07 01:20pm

QUOTE
just wanting to rant a little... maybe someone at OEC will read this and keep us all better informed. OEC released a corporate update in June 2006 but has been silent this year...making us wait till the full-year results are released

Looks like it's worked! biggrin.gif

 
win128
post Posted: Jul 24 2007, 01:20 PM
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Posts: 8


In reply to: win128 on Monday 23/07/07 11:08pm

hehehehehe whinge a little and ye shall receive smile.gif)

http://imagesignal.comsec.com.au/asxdata/2...df/00741344.pdf

Attention ASX Company Announcements Platform
Lodgement of Open Briefing®



Orbital Corporation Ltd
4 Whipple Street
Balcatta
Western Australia 6021

Date of lodgement: 24-Jul-2007

Title: Open Briefing®. Orbital Corp. CEO & CFO on Update

Record of interview:

corporatefile.com.au

Orbital Corporation Limited said in February at its first-half result announcement
that it expected an improved profit result for the full year ended June 2007. The
company booked net profit of $0.5 million in 2006. Do you remain in line to
achieve a profit improvement?

CFO Keith Halliwell

Yes, we expect to report an improved profit after tax. As reported in the first half,
the result for the June 2007 year includes the $0.5 million settlement of an R&D
syndicate dispute and the impact of Synerject’s investment in the Chinese engine
management system (EMS) market, however we’ve seen an improvement in our
engineering business which has underpinned the result.

corporatefile.com.au

How are Orbital’s earnings being affected by the strengthening Australian dollar?

CFO Keith Halliwell

The strengthening Australian dollar has a negative impact when we convert the
Synerject profit to Australian dollars and this will continue to dampen our US-
based revenues, which also include engineering and royalties. We can put in place
some level of hedging for anticipated engineering and royalty cash flow.

corporatefile.com.au

Orbital’s Engineering Services business made a pre-tax profit of $2.0 million in
the first half of 2007 compared with a loss in the previous corresponding period.
Did the momentum continue in Engineering Services in the second half?


CEO Rod Houston

Engineering Services was particularly buoyant in the first half due to the strong
order book at the beginning of the year. There was some slowdown in the second
half mainly due to delays in engineering orders out of China and India. We’re
starting to see some of these orders come through now, however our order book
isn’t quite as strong as this time last year given the slower second half.

corporatefile.com.au

As Keith mentioned earlier, the earnings of Synerject, your 50:50 joint venture
with Siemens-VDO Automotive, were impacted in 2007 by costs associated with
the start-up of production in China. Can you comment on Synerject’s performance
versus this expectation and the progress of its operations in China?

CEO Rod Houston

Synerject’s results are generally in line with expectations, given the investments
required to set up in China. We’re also expecting ongoing support costs for
establishing Synerject’s first few products in China, with upfront engineering costs
that will be recovered in component sales in future years.

Synerject has made good progress on setting up both its manufacturing centre and
engineering centre in China.

corporatefile.com.au

In China Synerject is manufacturing a recently developed low-cost electronic
control unit (ECU). What is the potential market for these units and what will be
the drivers of their take-up by the market?

CEO Rod Houston

The low-cost ECU will initially be taken up by Taiwanese and Chinese
manufacturers who are looking to export their products. The good news is that
emissions legislation, which is already in place in Taiwan, will be put in place in
China from January 2008. This will help to drive the change towards the use of
these ECUs for scooters and motorcycles in the domestic market as well.

The Chinese domestic motorcycle market was over 20 million motorcycles last
year and it’s growing at 10 to 15 percent a year. The market today is 100 percent
carburettor-based. The experience in Europe and the US shows that the
introduction of more stringent emissions legislation provides a good driver for the
penetration of EMS. The exact timing of this change-over is difficult to predict,
Synerject is setting up now to be in a good position to supply this emerging market
in the future.

corporatefile.com.au

When might Synerject return to earnings growth?

CEO Rod Houston

Synerject is in the process of building up its manufacturing, engineering and
infrastructure to support its future growth in the Chinese and Indian markets. This
investment has created a slowdown in earnings growth but it should start to deliver
growth from the beginning of next financial year.


corporatefile.com.au

Orbital announced in May that one of its licensees in India, Bajaj Auto, had started
production of an autorickshaw model that incorporates Orbital direct injection (DI)
technology. What market feedback have you received since the launch and what
are your unit sales expectations for the current financial year ending June 2008?

CEO Rod Houston

The market feedback has been positive, with customers enjoying over 30 percent
reduction in fuel consumption and hence running costs, as well as improved
drivability. The sales figures are difficult to predict as they’ll depend on Bajaj’s
roll-out plan which is being carried out in a very controlled fashion in order to
generate pull from the market and ensure that the dealer network is appropriately
trained.

Bajaj manufactures over 350,000 autorickshaws in total and has a strong
commitment to ensuring the DI model works well in the long term.

corporatefile.com.au

What are expected to be the drivers of the Bajaj autorickshaw’s penetration of the
Indian market and what impact are you expecting on your License and Royalties
income stream?

CEO Rod Houston

The key drivers of the Orbital DI-Bajaj autorickshaw’s market penetration will be
improved fuel consumption and reduced running costs. Particulate emissions are
also reduced considerably on the DI product, and the reduced oil consumption and
smoke are major benefits to the environment. In the development pipeline there is
a DI gaseous rickshaw which is expected to give even further benefits in running
costs.

Any further licensing payments for the autorickshaw are linked to volume triggers
and are expected to become payable this financial year. Royalties will depend on
the overall acceptance in the marketplace, however with the launch of the petrol
version and the potential for a gaseous version in the next calendar year, there are
good prospects for royalties to grow over the short to medium term.

corporatefile.com.au

One element of your growth strategy for Orbital is to expand its engineering and
technology capability. What has been your recent progress in this area?

CEO Rod Houston

We’ve done a lot of work in the last two years to expand our engineering and
technology capability and broaden our portfolio to increase the number of
potential customers. A good example of this has been the development of our
spark-ignited kerosene and diesel combustion system, which has led to a number
of large engineering programs and new products being developed for the coming
years. The first four-stroke DI product in this area is expected to be launched this
financial year.


More recently, we’ve also built up our expertise in the area of compressed natural
gas (CNG) applications for heavy-duty trucks in the Australian market. This is a
new market in Australia and we’ve already won significant engineering programs
in this area. There are many other new activities we expect to develop from this
small beginning.

The development of a centre of excellence for gaseous and alternative fuels in
Australia is something we strongly believe in. We’re currently investing
significant resources from our R&D budget to ensure we build up our knowledge
and intellectual property in this area.

corporatefile.com.au

Can you comment on how the structure of Orbital’s earnings might change over
the next three to five years given your entry into emerging markets such as China
and India and the increasing pressure on governments to address the issue of
greenhouse gas emissions?

CEO Rod Houston

The India and China markets are important to our growth aspirations. They have
significant volumes and we’re in the process of launching new products that will
provide benefits with respect to emissions and fuel consumption in these markets.
Market penetration will be dependent on customer acceptance, which is difficult to
predict at this early stage. We also have opportunities to grow revenue in our
more established markets in the US and Europe, where we can develop into new
areas.

I believe we’re well positioned to leverage our core capabilities as a company that
understands the commercialisation process and also has a track record of
developing clean solutions for future sustainability. In the area of energy usage,
we have a solid platform of skills, passion and management to work on improving
efficiency for both the transport and mining industries here in Australia and in
Asia.

Our strategy is to move more of our activities into the wider field of technology
and service solutions for a cleaner world.

corporatefile.com.au

Thank you Rod and Keith.

For more information about Orbital, please visit www.orbitalcorp.com.au or call
Rod Houston on (+61 8) 9441 2462

For previous Open Briefings by Orbital, or to receive future Open Briefings by e-
mail, please visit www.corporatefile.com.au

DISCLAIMER: Corporate File Pty Ltd has taken reasonable care in publishing the information contained in this Open
Briefing®. It is information given in a summary form and does not purport to be complete. The information contained is not
intended to be used as the basis for making any investment decision and you are solely responsible for any use you choose
to make of the information. We strongly advise that you seek independent professional advice before making any
investment decisions. Corporate File Pty Ltd is not responsible for any consequences of the use you make of the
information, including any loss or damage you or a third party might suffer as a result of that use.




 
win128
post Posted: Jul 23 2007, 11:08 PM
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Posts: 8


In reply to: pkay on Monday 23/07/07 03:38pm

no direct relevance except to suggest opportunities that are hopefully being or going to be investigated and pursued by OEC management keen on promoting CNG OCP-DI. seems to be vast opportunities for CNG OCP-DI in China especially if a CNG filling station network is established as per the articles.

so far, a little disappointing that OEC has been so silent apart from being involved in a few conferences in China. even ACE has been publicly tauting their CNG injector push into China. just wanting to rant a little... maybe someone at OEC will read this and keep us all better informed. OEC released a corporate update in June 2006 but has been silent this year...making us wait till the full-year results are released sad.gif

*shrugs*

 
 


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