The Frost & Sullivan 2010 Global Entrepreneurial Company of the Year Award is presented to Resource Ballast Technologies (“RBT”). RBT, a technology start-up company with a unique ballast water treatment system, was established in South Africa almost a decade ago. RBT’s success lies in its technical expertise and the development of a novel ballast water treatment system. This system can be fitted onto the ballast discharge pipe and is ideal in the case of retrofitting existing ships.
In 2006, the company secured equity finance from the Southern African Intellectual Property Fund (“SAIP Fund”), a venture capital fund that invests in South African high-tech companies with proprietary technologies that have global mass market potential. “With space being limited on board ships, the system has a very low footprint. Other strong advantages include the fact that it is relatively less capital intensive, has a low operating cost and low power usage,” states Wellington Chadehumbe, the CEO of Triumph Venture Capital, the Fund Manager to the SAIP Fund.
RBT’s development phase involved working with the International Marine Organisation’s GloBallast initiative, which proved vital in enhancing the company’s ballast water treatment system. “As part of its growth implementation strategy, RBT searched for a suitable strategic partner that had the required assets, geographic reach, and resources in the shipping industry, to facilitate the channeling of its technically advanced ballast water treatment system to appropriate customers,” said Bernard Jacobs, the CEO of RBT.
After a process of due diligence, the company entered into a strategic partnership with Wilhelmsen Maritime Services (WMS), a leading Norwegian marine repair and maintenance company, listed on the Oslo Stock Exchange.
“Under this beneficial partnership, WMS industrialises the technology and produces the ballast water treatment system at their production facilities, while also marketing, selling and providing service and maintenance on the system globally,” explains Jacobs. “RBT brings to the table its focus on developing the design and efficiencies of its ballast water treatment, as well as exploring the opportunities of utilising the technology for other treatment applications.”
RBT is strongly positioned to deliver customer value through the signing of a license agreement with WMS. This will ensure that customers benefit from the expertise of Wilhelmsen in the marine industry, as well as the high service standards delivered in its worldwide locations.
“The proactive approach of RBT is evident from the setting up of its own testing facility,” comments Frost & Sullivan’s Research Analyst Fred Royan. “As the certification process of the International Maritime Organisation (IMO) for the testing and certifying of ballast water treatment systems is long and rigorous, and with there not being such a testing facility in South Africa, RBT responded by building its own full scale test facility in Cape Town harbour.”
The Entrepreneurial Company of the Year Award is presented to the company that has excelled in the following criteria: growth strategy excellence, growth implementation excellence, degree of innovation with products and technologies, leadership in customer value and speed of response.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Resource Ballast Technologies
Resource Ballast Technologies (“RBT”) is a technology start-up company based in South Africa, with a unique ballast water treatment system. RBT has a strategic partnership with Wilhelmsen Maritime Services (WMS), who have industrialised the technology and produced the ballast water treatment system at their production facilities. RBT aims to focus on developing the design and efficiencies of its ballast water treatment, as well as exploring the opportunities of utilising the technology for other treatment applications.
About Frost & Sullivan
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