Centum Rakon Oscillators On Board Spacecraft to Mars
June 2014: The Mars Orbiter Mission (MOM) spacecraft was launched on board PSLV-C25 on 5 November 2013 by the Indian Space Research Organisation (ISRO). Rakon’s Joint Venture (JV) partner Centum Rakon is one of the ISRO’s local component suppliers – its oscillators are on board PSLV-C25 as well as the Mars spacecraft.
R&D grant awarded to Rakon
January 2014: Rakon is proud to be one of 31 companies to receive a government Research and Development Growth Grant. Recipients were announced in January by Science and Innovation Minister Steven Joyce. Rakon will receive more than NZ$1 million per year in funding over three years.
The R&D Growth Grants were introduced last year as part of changes to R&D funding designed to encourage more research and development to be undertaken by businesses in New Zealand.
“These companies have the potential to grow further and faster through the innovation this support will foster”, Mr Joyce said.
Rakon’s General Manager of Engineering New Zealand, Michael McIlroy said the company was very pleased to be a recipient of the grant.
The Duke of Kent visits Rakon UK
HRH the Duke of Kent made a visit to a successful Lincoln engineering firm on Wednesday, September 4 to see its specialist work.
The Duke of Kent stopped at Rakon UK, known internationally for its ultra-stable crystal oscillators work, to meet the 90 staff and learn more about its products and technologies.
Strategic Partnership For Manufacturing Operations In Chengdu, China
5 July 2013: Rakon Limited (NZX:RAK) and ZheJiang East Crystal Electronic Co. Ltd. (ECEC), a specialized electronic components manufacturer listed on the Shenzhen Stock Exchange, are to establish a strategic partnership targeting the smart wireless device (SWD) market.
ECEC will acquire from Rakon 80% of the shares in Rakon Crystal (Chengdu) Co. Limited (RCC), the owner of the manufacturing facility in Chengdu, China for US$18.8 million. The acquisition will result in a new joint venture of RCC with Rakon holding 5% and existing joint venture partners continuing to own 15%.