Drone detection and countermeasure manufacturer DroneShield has topped off a year of rapid growth with a fully underwritten $75 million capital raising. The company is raising $70 million via a share placement, and an additional $5 million through a share purchase plan. The cash will be used to build up inventory to support a sales…
Below is the introduction speech from @AuManufacturing’s Australia’s 50 Most Innovative Manufacturers awards event, held on April 18. You can view the 2024 list here. Good morning and welcome. We acknowledge the traditional owners of this land – the Gadigal people of the Eora nation – as we begin this event. When we launched this…
@AuManufacturing’s Australia’s 50 Most Innovative Manufacturers for 2024 were announced to a full room at Cockle Bay Wharf’s rooftop L’Aqua venue on Thursday morning. After a five-month campaign and the assessments of five expert judges, the list for this year can be made public. This title expresses its great thanks to the second annual event’s…
The first prototype Ghost Shark autonomous undersea vessel (pictured) being developed for the Royal Australian Navy has been completed. The name references Boeing’s successful development of the unmanned aerial vehicle (UAV) Ghost Bat for the RAAF. Developed in Sydney by US start up Anduril, the company has previously shown a 2.8 tonne ‘Dive-LD’ autonomous submarine,…
Drone detection and countermeasure manufacturer DroneShield can look forward to greater opportunities selling to European militaries following an approval from the NATO Support and Procurement Agency (NSPA). The approval awarded via COBBS BELUX BV, DroneShield’s in-country Belgium and Luxembourg partner, is the first Counter-small UAS procurement framework agreement in NATO history. The initial agreement is…
By Peter Roberts So whether or not Australia will actually have a Future Made in Australia as wished for by the Albanese government comes down to what it has always come down to – a matter of Ideology. The sides of the debate are clear. Ranged against are the usual suspects – economically regressive media…
Defence Minister Richard Marles has outlined an ambitious Integrated Investment Program which incudes a jump in defence spending to the equivalent of 2.4 percent of GDP by 2033-34, a rise of a massive 0.3 percent on earlier projections. The programme, a response to the 2024 National Defence Strategy, involves a complete rebuild of Defence’s capability…
The University of Sydney research facility, Sydney Manufacturing Hub, has invested in a hot isostatic press (HIP) machine from Quintus Technologies, with installation at the university’s Darlington campus scheduled for January next year. HIP uses a pressure vessel, high pressure gas, and high temperatures to consolidate parts, increasing their density and strength and removing defects…
Rapid welding equipment manufacturer K-Tig is back in business having escaped administration through a downsizing and refinancing operation. Administrators KordaMentha announced that creditors had approved a rescue package that will result in the company returning to normal operations recapitalised, and with a smaller cost base. Under a Deed of Company Arrangement, K-Tig management has been…
Australia’s only manufacturer of solar panels Tindo Solar has celebrated five years of exporting to Vietnam with another shipment delivered in the first quarter of 2024. Tindo CEO Richard Petterson announced the milestone in an address at the Australia-Vietnam Green Economy Summit, which is led by Asialink and Climateworks Centre and supported by the federal…