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Sunday, January 15, 2006

Tassie Product Maximising Profits for Fish Farmers - Lara Giddings, MHA - Tasmanian Government Media Releases

Tassie Product Maximising Profits for Fish Farmers - Lara Giddings, MHA - Tasmanian Government Media Releases

Tasmanian company Pan Logica Pty Ltd today received a $150,000 State Government Innovations Grant.

Minister for Economic Development Lara Giddings said the grant would assist the company to create Tasmanian jobs by taking a new ground breaking software package to the world.

“The software package is currently being used by another successful Tasmanian company, Tassal and is changing the way salmon farmers manage their businesses,” Ms Giddings said.

“Pan Logica will use the money to help market the software that helps salmon farmers take all factors – including weather, feed, number of fish in the pen – into account to produce healthy, high quality fish while maximising profitability.

“The software can also be used to ascertain the impact of changes in the various factors that contribute to the cost of production.

“This removes many of the uncertainties in managing these complex high-value assets and ensures that the best possible result is achieved despite changing circumstances.

“By helping our producers deliver product of an even higher and consistent quality, this software will help build on Tasmania’s brand as a clean and innovative supplier of quality produce to the world.

“This is yet another example of the extraordinary innovation for which Tasmanian companies are becoming renowned,” Ms Giddings said.

“This is a product that has the potential for use throughout the world and for applications other than fish farming.

“Developed by Mathematician Dr David Wright, the company is looking to take the software overseas.

“Pan Logica estimates that the company will invest $3.4 million into the project, and generate 21 full-time positions by the year ending 2007-08.

“This grant is another example of the Lennon Labor Government working with innovative Tasmanian businesses to create opportunities and create jobs for Tasmanians,” Ms Giddings said.

Further information

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