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The blow to Australian manufacturing is that electronics company AmbiLogic moved its business overseas after failing to meet Australian immigration standards.
Boss Ray Wells
Together with local company HyDrive Engineering, commercial success in manufacturing professional systems for yachts and vessels --
Will leave Australia on September 16.
AmbiLogic and HyDrive work together to design and manufacture a unique flyby-
The cable electronic steering system for large yachts and vessels has driven HyDrives's sales to overseas commercial shipbuilders to nearly $1 million.
But with technology in mind, AmbiLogic's sales
The intensive nature of the business and the impact of the global financial crisis on the marine industry, resulting in a turnover of only $145,000 (net of GST)
The year ended in June 30.
Mr. Wales started his business in SA on 2004 with a 457IE visa and was extended on 2008.
The new visa rule means that he can no longer extend and is not eligible for permanent residency because his business has failed to meet the eligibility threshold of $200,000 in annual turnover and $75,000 worth of assets.
"All the work we have done so far has not worked out. . .
The global financial crisis and the nature of our business mean that we have not met the requirements.
"This is the case where we really accept this situation and move on," said Mr Wales . ".
Grahame Anderson, general manager, said HyDrive Engineering, a leading exporter of hydraulic ship steering equipment, has benefited a lot from AmbiLogic's programmable logic controller system.
"This is the brain of our device, causing our device to go to super-
Yacht manufacturers in the UK, China and Taiwan.
"AmbiLogic's exit is not only our loss, but also the loss of all those small assembly shops, electronic board processors and plastic molding companies that get a lot of traffic --
At work, Mr. Anderson said.
Anderson said that the recent research and development work of AmbiLogic will completely change the smaller ship to the market.
"But this will be delayed due to logistical problems.
"Not to mention that the cost will increase because we have to import parts from New Zealand where Mr Wales is planning to settle," Anderson said . ".
Wales said he would keep a shell company in Australia but would decide whether to continue operating based on his placement.
Steve Adcock, chief executive of the technology industry association, said AmbiLogic is the kind of company SA needs.
"Unfortunately, local businesses do not have a feedback system during the federal visa process, and I can understand their frustration," Mr Adcock said . ".