EOS continues restructure with financing agreement

Defence, space and communications manufacturer Electro Optic Systems has given itself breathing space for restructuring announcing a financing agreement with major shareholder Washington H. Soul Pattinson. The Canberra company has been under pressure in recent months with leadership transitions, a heavy call on investment dollars and a fall in its share price. Now investment house…

Gilmour Space announces Inmarsat as provider of space-based telemetry for 2023 launch

Australian rocket manufacturer and launch provider Gilmour Space Technologies has announced that it has signed a deal with Inmarsat to use the UK company’s space-based telemetry services. Gilmour plans the maiden launch of its Eris rocket, which would be the first Australian orbital rocket, for early in 2023. A statement from the company on Thursday…

Strategic Elements generates electricity from moisture

Printable electronics developer Australian Advanced Materials, a company owned by investment house Strategic Elements, has reported ‘rapid technological progress’ in manufacturing a printed device generating electricity from moisture in the air (pictured). AAM, working in partnership with the University of New South Wales, CSIRO and researcher VTT group in Finland has developed and tested a…