Addressing the annual meeting in Christchurch, Mr McLauchlan said the additional work, and the work in hand, placed Scott Technology in a strong position heading into 2011.
"This is despite the issues we are becoming used to with weak consumer demand and the continuing high New Zealand dollar relative to all the major currencies other than the Australian dollar."
Two years ago, at the last annual meeting held in Christchurch, he announced that Scott had secured a $7 million order which was subsequently cancelled due to the further deteriorating in the world's financial markets.
The company, which employed 200 people, was currently supplying equipment to the emerging world and its reliance on the "old rich countries" had reduced dramatically in the past few years.
Scott was well-positioned to participate in the growth opportunities presented in the emerging world, Mr McLauchlan said.
The company had continued to look for further opportunities in automation applications and had just completed the purchase of Malcolm Smith Reference Materials and had several proposals under consideration.
Scott last year had entered a period of growth which had been achieved through existing operations and recent acquisitions.
The growth had continued into the current financial year, he said.
During the year, the company focused on spreading activities across its multiple manufacturing sites to achieve effective resource utilisation and improved outcomes for customers.
"Benefits of the company's diversification are now being realised and opportunities continue to arise in all of our target markets through providing superior service and innovative solutions."
Scott had earlier reported a profit after tax of $2.79 million on revenue of $46.6 million.
Managing director Chris Hopkins said the business focus of the company was more diverse than it was 10 years ago.
It had stronger and more robust flows of revenue and opportunities.
The main areas it concentrated on were: The global appliance industry; meat-processing sector; the global mining industry where it provided laboratory sample preparation for both on-site and off-site commercial laboratories; and industrial automotive solutions where it targeted and worked with high-volume, high-value industries.
It had a market presence in the United States, China, Europe and Australia.
Mr Hopkins said that the definition and recording of research and development activities was always difficult.
Due to the renewed interest in recording research and development, both within New Zealand and globally, Scott analysed areas of activity and its spend and came up with a total R&D spend of about $7 million.
"On the face of it, this seems phenomenal.
However, when you consider the nature of our work - the one-off design and build - and the commitment we have to new technologies and innovation, this is not surprising.
"We invest in R and D not just for today, but primarily for tomorrow, which is where our growth will come from," he said.
