Canberra optics and weapons systems manufacturer, Electro Optic Systems (ASX: EOS) has denied its powerful weapons systems have been deployed in the bloody conflict engulfing Yemen. As reported in @AuManufacturing, EOS was criticised for a $450 million arms sale to the UAE which many believe will end up being used by Saudi Arabia against rebels…
Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, is pressing ahead with plans for its second plant. The company has received approval for a plant proposed for Toowoomba from the Queensland Department of Environment and Science, adding to their existing facility at Warren, NSW..…