Drone engine manufacturer Orbital Corporation has inked a continuation contract with a Singapore customer for the design and development of a new engine for an unmanned aerial vehicle (UAV). The contract will take an existing design, development, verification and validation contract through to its completion. Orbital CEO Todd Adler said the contract was another positive…
Melbourne-based electric motorcycle manufacturer Savic Motorcycles is seeking investment ahead of production of its C-Series, which was awarded Australian Design Rules (ADR) certification in December. On Thursday morning Savic told those on its mailing list that it has “decided to extend our capital raising through Equitise, the renowned crowdfunding platform, so that you, our supporters…
SME business has taken a rather dim view to the long timelines associated with industry opportunities that could arise from the AUKUS agreement between Australia, the UK and the US. Here Paul van de Loo takes a jaundiced view, and presents an alternative industrial scenario. The AUKUS agreement has captured a lot of airtime lately.…
CSIRO releases new renewable storage roadmap Storage of renewable energy will be “essential” to Australia reaching net zero transition and will require significant investment, according to a roadmap released by the national science agency, CSIRO, on Wednesday. The Renewable Energy Storage Roadmap shows that the national electricity market (NEM) could require a 10 to 14-fold…
FLAIM Systems, which makes virtual reality-based technology for training firefighters, has announced a $6.7 million Series A round, led by the Victorian government investment vehicle Breakthrough Victoria. FLAIM was established in 2019 to migrate technology from Deakin University in fields including virtual reality and haptics into a new company, and has since achieved sales to…
The Australian Renewable Energy Agency (ARENA) has celebrated the successful sign off on $2 billion in funding since its establishment on July 1, 2012. On December 5, 2022, 10 projects started with ARENA committing a total of just over $48 million, taking the sum of all ARENA funding to $2.04 billion. While it’s not possible…
Wide Open Agriculture has progressed site selection for its commercial scale factory to manufacture buntine protein derived from sweet lupin. The company told investors this followed positive feedback from potential partners and sales prospects for the product’s versatility as a food ingredient in multiple high value food categories. CEO Jay Albany said the company had…
The federal government has announced approximately $3.2 million in matched funding to six defence industry SMEs. The grants came through two programs, Defence Global Competitiveness and Sovereign Industrial Capability Priority. According to industry minister Pat Conroy, the grants would help provide “the opportunity to deliver cutting-edge manufacturing and maintenance capabilities” to the Australian Defence Force…
Group 6 Metals and Fortescue Future Industries have announced a non-binding memorandum of understanding, enabling the pair to explore using renewable energy, heat energy and hydrogen at the Dolphin Tungsten Mine on King Island, Tasmania. Group 6 is currently redeveloping the mine, which it owns 100 per cent of, and which has been closed since…
By Peter Roberts The federal government’s big promise to manufacturers at last year’s election, the $15 billion National Reconstruction Fund will become a reality after the National Reconstruction Fund Corporation Bill passed the Senate last night. The National Reconstruction Fund is seen by the government as a key part of ensuring Australia is a country…
