There are no known direct competitors in the global market as yet.

Fibre-gen has produced a world-first harvester head mounted sonic tool, the Hitman PH330, which measures the strength of trees to see if they are suitable or not for high-end building construction.

Fibre-gen director Nigel Sharplin said that their timber-measuring tool is the new standard for wood stiffness measurement bringing substantial financial benefits and reducing risk to life in the forestry industry.

"Until now there has been huge waste in buying, freighting and processing logs into structural lumber or engineered wood products, only to find the end products fail to meet strength criteria," he said.