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,…
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…
Australia’s national science agency has scored a five-year, multi-million dollar partnership with Google to work on national missions around clean energy and artificial intelligence.
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…
University of NSW recycling expert Professor Veena Sahajwalla was named NSW Australian of the Year at a ceremony on Monday night.
Inflation from increasing costs of materials, labour and services have forced Hazer Group to increase estimates of the likely cost of its demonstration plant to produce hydrogen from biogas in Perth. The project at the Western Australian Water Board’s Woodman Point wastewater treatment plant was originally costed at $16.7 million and this was later raised…
Yarra Ranges Council has announced the purchase of a biochar plant from Earth Systems, which the council says will help it meet its net zero by 2040 and 100 per cent renewable power by 2030 targets.
Immuron’s Travelan anti-diarrhoea product has moved to the human clinical trial phase in a program led by the Uniformed Services University in the United States. Travelan, which is made in Melbourne and on sale through Chemist Warehouse, is a non-absorbable, safe product which is composed of anti-bacterial antibodies that work on the gut immune system.…
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…
The federal government has released a new ten-minute online test designed for SMEs, which aims to benchmark their digital maturity against their peers and provides advice on accessing support.