In the wake of its failed bid to acquire NetComm and more recently the breakdown in merger talks with Sirius, memory specialist Hypertec has vowed to continue its strategy of growth with the revelation of a new - but as yet undisclosed - product launch in July.
Hypertec is in the process of applying for a research and development grant to facilitate the launch of the product that managing director Colin Lillywhite is keeping under close wraps.
"We have put in a fair bit of R&D, and suffice it to say it is something that diversifies us from our traditional memory focus but with elements of memory technology still involved," Lillywhite said.
Lillywhite is adamant that Hypertec needs to have visionary tactics in order to maintain its competitiveness in a marketplace unhappily devoid of Australian companies. "In the technology marketplace companies get to a certain size that makes sense, otherwise they are not viable in the long term," explained Lillywhite of his company's expansionary tactics.
"In the next couple of years we want Hypertec to become sizeable enough to compete internationally."
Australia has great products and technology but almost all companies lack the size to be truly international or competitive on a global scale," Lillywhite claimed.
Lillywhite's infatuation with size has led to speculation of Hypertec's eventual float, a position he is not adverse to endorse. "Until we list or merge, Hypertec will not be able to get to an appropriate size," he said.