The federal government has continued a run of announcements of major defence acquisitions, selecting a design by Damen Shipyards Group as the preferred option for the Australian Defence Force’s Landing Craft Heavy vessel (pictured). The announcement is a step in the establishment of a littoral fleet which is expected to create 1,100 direct jobs and…
Altech Batteries has announced that it has progressed funding of its CERENERGY sodium-chloride solid-state battery project in Saxony, Germany, appointing key advisers to assist. The company, through its Germany subsidiary Altech Batteries GmbH, appointed a global big four professional services firm to assist in securing finance for the 120MWh CERENERGY battery manufacturing plant. The project’s…
SciDev enters European PFAS treatment market Wastewater treatment company SciDev has entered the important European market for PFAS ‘forever chemicals’ treatment, securing its first commercial order in Europe. The contract with Swedish Hydro Solutions AB is for a containerised PFAS treatment system to remediate contaminated landfill site in Northeast Sweden. The initial value of the…
Adelaide-based wire arc additive manufacturing business AML3D will continue its globalisation efforts, particularly in the US, with the raise of $30 million through a share placement. In a statement on Friday, the company said it has received firm commitments for the raise, at $0.19 per share. The proceeds will support initiatives including “more than doubl[ing]…
Mechanical arm and gripper specialist Reach Robotics has announced a new contract with the Australian Defence Force, which sees the company scheduled to deliver a new manipulator system able to operate over 800 meters below sea by mid-2025. In a statement on Friday, the company – formerly known as Blueprint Lab – said it will…
This week Russell Mineral Equipment was announced as the National Reconstruction Fund Corporation’s first investee, with the NRFC taking a $40 million stake in the company alongside US-based private equity firm Resource Capital Funds. Earlier this year, RME was a gold award winner in @AuManufacturing‘s Australia’s 50 Most Innovative Manufacturers campaign for 2024. Below is…
Defence manufacturer Electro Optic Systems has sold off its naval satellite communications arm EM Solutions only five years after buying the business, further focusing EOS on its core business of Remote Weapon Systems. EOS entered into a binding share sale agreement to sell the Brisbane subsidiary to UK listed Cohort plc for an enterprise value…
Navigation and autonomy manufacturer Advanced Navigation and European innovator NILEQ have signed a MoU to co-develop a resilient navigation system integrating its MBDA NILEQ absolute positioning technology. The co-developed solution will foster joint technology development between AUKUS partners the United Kingdom and Australia, and provide resilient absolute positioning for airborne platforms. The development comes amid…
