A new quantum research initiative led by the Defence Science and Technology Group aims to protect Australian military operations when GPS is compromised, according to a statement released by Defence on Monday. The project, funded by the Australian Army, will focus on developing a ground-to-satellite optical quantum link to enable secure and precise time synchronisation…
Reproductive technology company Memphasys came out of a trading halt on Monday morning, telling investors that it has received binding commitments to raise $1.275 million through a strategic placement. In a statement to the ASX, Memphasys said the commitments were from new and existing shareholders, amounting to 212,500,000 ordinary shares at $0.006 per share. Participants…
Australian medicinal cannabis producer ECS Botanics is taking its expansion plans global after securing a significant funding boost from one of Australia’s biggest banks. The Victorian-based cultivator announced on Monday it had increased its National Australia Bank loan facility by $2 million to a total of $5.2 million, while also securing an additional $400,000 for…
Heidelberg Materials Australia announced on Monday it has entered into a conditional purchase agreement to acquire Midway Concrete, expanding its presence in the Melbourne and Geelong markets. Midway Concrete operates four plants in Laverton, Craigieburn, Melton and Lara, and has built a reputation for quality products and customer service over its 23-year history. Phil Schacht,…
Solar and hydro thermal energy startup RayGen Resources has announced the close of a Series D funding round worth $127 million, led by a follow-on investment from US oil and gas services company SLB. In a statement on Thursday, the company said the $31 million investment from SLB was in addition with the execution of…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Fonterra plans $1.7m refurbishment of Tasmanian cheese tower Global dairy company Fonterra has plans to upgrade the cheddaring tower, as its Wynyard, Tasmania cheese factory. It lodged a development application to refurbish and remediate the tower, boosting its height to 21 metres,…
