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Award winning solutiongoes into productionAward-winning Bachelor of Engineering Technology graduate, LachlanClelland on why he chose to do his degree at WelTec: “I was impressedby the approach. Staff have a lot of time for students, putting a lot ofeffort into helping you succeed with your study. Most important for mewas the applied approach to learning. We got to work on real-worldexamples in industrial situations.” It is one of these real-world projectsthat led to Lachlan’s Institution of Engineering and Technology (IET)prize for top Bachelor of Engineering Technology student.Lachlan went on to win the prestigious Institution of ProfessionalEngineers Ray Meyer medal for Excellence in Student Design. TheRay Meyer Medal is sponsored by GHD and awarded by IPENZ to thestudent or group of students presenting the best final-year project.This was an outstanding achievement and the first time an ITP has wonsuch an award.Lachlan’s final year project involved designing and building anautomated cable production machine. He was briefed on pioneeringsuperconductor research as part of a two-year internship at CrownResearch Institute Industrial Research Limited (IRL), now CallaghanInnovation. Lachlan worked on his project to design and build amachine to make commercial production of the woven superconductormore efficient.“I was able to apply what I was learning at WelTec into a practicalindustry application. When I built the prototype it worked on the first try.”General Cable Superconductors, which has put the machine intoproduction, also awarded Lachlan a prize recognising his achievement.4 | WELLINGTON INSTITUTE OF TECHNOLOGY
2012 SummaryADDING VALUE9489 STUDENTS4401 EFTSof total EFTS studied atLevels 4 – 7EDUCATION PERFORMANCEINDICATORS (SAC EFTS)*81%CourseCompletionsStudents aged under 25 studiedof all the Level 4-7 EFTSdelivered in 201272%QualificationCompletionsFINANCIAL PERFORMANCEThe Tertiary Education Commission (TEC) has again awardedWelTec a low risk rating for its financial performance.38%2.9%ParentOperatingReturnStrong cashflowmanagement with aliquid funds ratio of25%, 8% higherthan budgetProgression to HigherLevel Study$1,483,000Budgeted ParentOperating SurplusSATISFACTION$1,587,000Actual ParentOperating Surplus66%Retained inStudy94%Student Satisfaction93%Employer Satisfaction* Provisional as advised by TEC March 20132012 ANNUAL REPORT | 5
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