EFIC Headway working capital guarantee helps Perth location-based technology company with export contracts

Export Finance and Insurance Corporation, EFIC, Australia’s export credit agency, will help Perth-based NGIS Australia Pty Ltd in exporting its expertise and technology to Hong Kong through the provision of a working capital guarantee.

The support comes in the form of a $300,000 EFIC Headway working capital guarantee to NGIS Australia’s bank, ANZ. This new contract in Hong Kong builds on successful projects in Papua New Guinea, Indonesia and Fiji.  
        
EFIC’s Managing Director, Mr Angus Armour said that the working capital guarantee provided to NGIS Australia would support the specialist services company to deliver for a key government client.

“While EFIC Headway working capital guarantees are not required to be allocated to a particular project, in this case NGIS has advised that the guarantee will support the delivery of a project for the Government of Hong Kong,” said Mr Armour. “EFIC is delighted to be able to be involved in another of Australia’s SME export success stories.”

Mr Paul Farrell, Managing Director of NGIS Australia said “NGIS offers a range of new technologies to the mining, energy, agribusiness and other industries.  We are pleased that EFIC has been able to provide us with support to continue to develop our international expansion plans.”