DIT Technologies Pty Ltd (DIT) the country’s preeminent leader in technology systems for the agricultural and livestock sector yesterday announced it has received a grant from the federal government to accelerate
The federal grant will fast track DIT’s plans to fund the
The grant announcement follows a partnership between DIT and Australia’s largest exporter
Last month, DIT installed its first set of uCALM export
Subsequent research following the trial by DIT technologies has shown a 20
What does the project entail?
The commercialisation project will place NutriPro units delivering uCalm Export into the live cattle export supply chain to track animal
DIT will install 40 NutriPro
The project will allow DIT to monitor the trial and complete a Commercial Proof of Concept study through replicated trials by DIT’s senior nutritionist tracking animal stress and productivity gains through the supply chain.
Unique to DIT, uCALM export is a new to market supplement developed to assist in reducing animal stress during handling, yarding and transportation and is made up of multiple ingredients including cobalt, copper, magnesium and manganese, the key ingredient a form of concentrated glucose.
What does this grant mean for the company?
Founder of DIT, Mark Peart says he’s very proud of the continued endorsement by the federal government and the office of Queensland MP, John McVeigh.
“To have the endorsement of both the federal government, industry and continued support by our local MP John McVeigh is a huge coup for DIT and reinforces our maturity and reputation in the livestock agricultural sector, no longer are we a small startup,” he said.
“DIT continues to disrupt the agricultural industry in Australia, acquiring two of its largest competitors in the last six months and increasing our company valuation from $10 million to $30 million.
“We’re focused on partnering with fellow innovators in the agricultural sector to create impact and use technology to power positive change,” says Peart.
Groom MP John McVeigh says he’s delighted to see a local success story and leader in the industry DIT and Mark Peart support by this federal grant.
“As one who has been involved in agribusiness all of my personal, professional and political life, I am always excited by new technology and innovation such as that being introduced by DIT through this project,” Dr McVeigh said.
“I consider Toowoomba and the Darling Downs to be the agribusiness capital of Australia and this project is further proof of that reality.”
Who exactly are DIT?
Pioneers in the space, DIT earned its reputation in water supplementation to the red meat livestock industry, proportionally dosing liquid supplements into livestock drinking water reducing the average daily cost for farmers from $0.40 to $0.08 per animal.
They also successfully created NutriPro, a purpose-built proportional dosing system designed specifically for a more accurate dose of inputs.
Industry-wide, traditional water supplementation units have issues with dosage accuracy which is why DIT created NutriPro a purpose-built proportional dosing system designed specifically for a more accurate dose of inputs.
NutriPro uses new technology (peristaltic pump) to allow more precise and smaller dose rates of supplements to be safely administered.
Establishing and growing water supplementation technology as a means to cost savings and welfare benefits for the Australian red meat industry provides an economic base for DIT to develop and further expand the technology as it gears up to expand into major agricultural markets such as the US, South America