Nanosatellite company Fleet Space Technologies raises $35.8 million

Nanosatellite developer Fleet Space Technologies today announced it had raised $35.8 million (US$26.4 million) in Series B funding, allowing the company to pursue its advanced nanosatellite technology for use in industrial Internet of Things (IoT) applications. The Adelaide company, now valued at $170 million, raised cash from existing shareholders Artesian Venture Partners, Blackbird Ventures, Grok,…

@AuManufacturing’s new value-added service – accessing SMERL3 Covid recovery loans

ADVERTISEMENT The Australian Manufacturing Forum and @AuManufacturing have launched a new value-added service for manufacturers, assisting companies access loans guaranteed by the federal government under its SMERL3, SME Covid-19 recovery scheme. The federal government in conjunction with banking and lending institutions have been providing government backed loans of between 50 per cent and 80 per…

Traffic Technologies raises cash to expand in hardware and software

Roadway signage and traffic systems company Traffic Technologies is to raise $10.3 million from investors through a non-renounceable rights issue which is underway. The company has previously raised $2.17 million from sophisticated investors including $1 million from First Samuel. The company, which manufactures traffic hardware and provides software for end to end traffic management, IoT…

Products from Micro-X, QPE Machining and AML3D go on public display

Three innovative Australian manufacturers are revealing their products to the public this week – X-ray emitter manufacturer Micro-X, QPE Advanced Machining and additive manufacturing group AML3D. Micro-X is displaying its prototype self-service security screening station for airport passengers (pictured) at the RSNA 2021 conference in Chicago which features the latest innovations in radiology. And QPE…