Company Profile

About Gravitec

Gravitec Instruments is a Guernsey administered company. It has two subsidiaries: Gravitec NZ (estab. 1998) and Gravitec UK (estab. 2003). R&D operations are centred in Perth, Australia. Gravitec is privately owned, the core management remaining with the founding shareholders who retain ownership and control with more than 75% of the voting stock. The principal laboratory is in Auckland, New Zealand. In May 2005 a Gravitec laboratory was also established at The University of Western Australia ("UWA") in Perth .

Technical development has had the benefit of a strong network of support from academic partners, technical partners, and various commercial partners with technical knowledge and expertise. Financial support has come from private/institutional investors, various government agencies (both defence & general research) and corporate entities (both potential end users and technical and engineering intermediaries).

International patents protect Gravitec's technology. The various patents have been drafted by expert London patent agents in direct consultation with the inventor, and have wide registration throughout the world. All its patents have been maintained in all areas since inception. Gravitec owns all its technology without restriction.



Clive Hayley (Founder & Group Director):
Clive Hayley has a BA (Hons) in Law and is a Solicitor. In 1982, immediately following completion of his academic and practical training at the age of 25, he formed a partnership in the then City firm of Southcombe & Hayley. His former partner, now District Judge Southcombe, left the firm on his appointment to the Bench in 1990 and Clive has been Senior Partner since that date. His professional background combines formal legal training and practice with broad commercial and administrative experience.


Simon Fraser (Founder & Group Director):
Simon Fraser has a BA (Hons) from Oxford University and an MBA from INSEAD in France . After training as a Royal Navy Officer, he joined the Merchant Bank Lazard Bothers before being hired by Salomon Brothers to work in their corporate finance department, initially in London and then in New York. After then completing business school he joined Morgan Stanley where he was subsequently appointed a Principal and Executive Director with responsibility for originating corporate finance transactions, primarily with UK corporations.


Richard Vaughan (Group Director):
Richard Vaughan is a Chartered Account (FCA) and has an MBA from INSEAD in France. After qualifying with a City firm of accountants he joined a firm of Management Consultants, subsequently establishing a practice which focussed on assisting small, high growth business. He has held Board positions on quoted companies in the UK and North America and served as Chairman of a U.K. financial institution. He has participated in private equity backed transactions both in the UK and North America. He is currently a director of several private companies and offshore hedge funds.


Wayne McRae (Senior Research Scientist):
Wayne McRae graduated in 1994 with a BSc (Hons) and in 2000 with a PhD in physics at the University of Otago, New Zealand. He spent a year at the University of Waikato in Hamilton NZ, working as a junior physics lecturer before moving to Auckland and joining Gravitec Instruments in 2002. His current research interests involve overseeing the continuing development of the digital hardware and software for the Gravitec gravity and magnetic gradiometers as well as supervising a University of Western Australia PhD student working on project development of the magnetic gradiometer system.


Howard Golden (Chief Geophysicist, Commercial Director):
Howard Golden earned his BA degree from the University of Utah in the USA, and an MSc in Geophysics at Leeds University in England. His career spans 25 years in the exploration industry, including gas exploration work with Schlumberger, worldwide mineral exploration with BHP Minerals, and most recently as Principal Geoscientist and Chief Geophysicist with WMC Resources. Within those exploration roles he has been involved with significant research and development efforts including BHP Billiton's Falcon gravity gradiometer and WMC's GEOFERRET distributed electromagnetic acquisition system. He is a Fellow of the Geological Society of London and the Society of Economic Geologists, and past president of the Australian Society of Exploration Geophysicists. Howard joined Gravitec in 2005 and is currently involved in moving Gravitec's gradiometry technologies toward commercialisation.