BluGlass raises $4.3 million through placement, aims to raise another $9 million through SPP

ASX-listed compound semiconductor company BluGlass has received $4.3 million in commitments from institutional and sophisticated investors in what it describes as “a strongly supported share placement” at an issue price of $0.037 per share. According to an announcement from BluGlass on Monday, it is also undertaking a share purchase plan offer to enable eligible shareholders…

Calix near zero emissions steel set to be cost competitive

Low emission industrial technologies developer Calix has completed a front end engineering and design (FEED) study which found the company’s near zero emission ZESTY process was cost competitive with traditional high emissions iron making. Calix told investors that the study for a 30,000 tonne per annum Zero Emission Steel Technology (ZESTY) Hydrogen Direct Reduced Iron…

First battery graphite produced in WA

International Graphite has successful commissioned its new qualification-scale graphite micronising plant (pictured) at Collie, south of Perth which will produce graphite used in battery anodes. The 200tpa microniser is the largest in Australia and a milestone in the development of a domestic graphite industry, according to the company. International Graphite told investors: “It will be…

Australian AI system developed for uncrewed vehicles

BAE Systems Australia and Trusted Autonomous Systems (TAS) have completed a four-year research and demonstration programme developing an advanced Artificial Intelligence (AI) system that could be used in uncrewed ground vehicles (UGV). The companies developed the TAGVIEW (Trusted Autonomous Ground Vehicles in Electronic Warfare) system which allows multiple UGVs to operate simultaneously to carry out…

Hunter Cleantech Accelerator awarded $438,375 funding from NSW government

The University of Newcastle’s Hunter Cleantech Accelerator has been awarded $438,375 in funding through the NSW government’s Accelerating Regional Innovation Fund. The accelerator is operated through the university’s Integrated Innovation Network (I2N) and is “designed to build the capability and competitiveness of tech-enabled entrepreneurs” in the region, according to a statement from University of Newcastle…