The Clean Energy Finance Corporation has made a $2 million investment in a seed round for MicroTau, a Sydney-based company that has developed a shark skin-inspired coating reducing drag in airplanes by up to 7 per cent in tests.
Silicon Quantum Computing (SQC) which plans to build a silicon quantum computer in Australia today announced the launch of its $130 million Series A capital raising to fund the company’s technical development, operations and strategic activities through to 2028. The Series A round follows SQC’s successful $83 million seed capital raising in 2017. Investors in…
WA rare earths producer Lynas Rare Earth’ US subsidiary has signed a follow-on contract for approximately US$120 million with the U.S. Department of Defense (DoD) to establish a first of its kind commercial Heavy Rare Earths (HRE) separation facility in the United States. Lynas USA LLC plans to construct a facility to separate Heavy Rare…
Two manufacturers based in Toowoomba, Obadare Group and Tanuki, have been awarded grants totalling approximately $1.1 million under the state government’s Made In Queensland program.
On Friday a small Adelaide manufacturer announced it was closing, unremarkable perhaps because it happens every day. But manufacturing is suffering a death by a thousand such cuts, argues Peter Roberts. We have to do something to change the fortunes of our SMEs who, like the little company profiled here – are doing it tough.…
Stronger sperm selected by Memphasys’ Felix device Assessments undertaken at nine international IVF clinics have shown that the Felix device produced by reproductive biology company Memphasys is capable of selecting better sperm from a sample destined for IVF procedures than traditional methods. Felix is a six-minute test that uses an electric force and polymer membranes…
Lockheed Martin Australia (LMA) and Australian space service provider, Inovor Technologies have inked a strategic agreement to support LMA’s ‘Hosted Missions Program,’ a key feature of the company’s JP9102 Enhanced Australian Industry Capability (AIC) plan. If adopted the programme would utilise surplus capacity aboard JP102 space launch vehicles for small Australian designed and built satellite…
Prime Minister Anthony Albanese has announced a final settlement with France’s Naval Group which cuts $2 billion from the expected cost of Australia’s decision to scrap the purchase of Attack class submarines from France. Albanese today announced Australia will pay Naval Group an $830 million settlement of the cancelled a $90-billion contract, bringing the estimated…
Equatorial Launch Australia also plans to construct a larger launch facility, with three launch pads, accommodating larger rockets and payloads. Several more launches are planned this year. The company is aiming to have 50 or more launches a year by 2024 and 2025.
Metal additive manufacturing technology manufacturer Titomic will create radiation shielding for South Australian company Fleet Space Technologies’ first Alpha satellites in 2023 – expected to be the world’s first fully 3D printed satellites. Titomic will use its Titomic Kinetic Fusion (TKF) technology to mitigate ionizing radiation to prolong the satellite’s lifespan through a cold spray…
