Xefco is moving to the pilot manufacturing stage for a new waterless dyeing and finishing process, which it says could cut energy and water use by 86 per cent and 88 per cent respectively versus conventional wet processes. The company’s Ausora solution is described as using a “plasma-enhanced chemical vapour deposition” method to apply dyes…
Needle-free vaccination company Vaxxas has announced completion of a funding round worth $34 million, which it says will help it build production capacity and accelerate its clinical program for a Covid-19 vaccine candidate. Among existing investors in the round were OneVentures and University of Queensland technology transfer organisation Uniquest. “This financing from a strong syndicate…
Matrix raises cash for expansion Perth’s Matrix Composites and Engineering has secured funding via a $7.5 million convertible note to fund major new contracts as it continues its emergence from a Covid pandemic low in business. The company, which manufactures buoyancy systems for underwater oil and gas infrastructure, has secured $30 million in orders since…
Cold spray additive manufacturing company Titomic has announced that it has raised $5.1 million through a share placement, including $2.2 million from its existing strategic investor and joint venture partner Repkon. Titomic Directors Herbert Koeck and Dag Stromme were also significant investors in the round, it said. Managing Director Koeck told investors on Monday that…
Former Western Australian MP Clive Brown has been appointed Chair of the South West Advanced Manufacturing and Technology Hub (SW AMTECH) steering group. Brown would provide independent advice to the state government via regional development minister Alannah MacTiernan, according to a statement from MacTiernan’s office on Saturday. Bunbury-Geographe presented the opportunity to establish a manufacturing…
EMVision cashed up from three government and non-government grants Medical imaging company EMVision Medical Devices expects to receive $8.8 million in funding from three grant programmes in the current quarter. The company received in November $1.2 million in milestone payments from the Australian Stroke Alliance which is funding its development of a system utilising microwaves…
Welding industry peak body Weld Australia announced the winners of the Victorian and Tasmanian Welding Excellence Awards at an event on Thursday evening. The awards highlight world-class work performed by welders, fabricators and educators in the industry, according to Weld Australia. “This year’s Victorian and Tasmanian winners feature businesses and people committed to the pursuit…
As our Australia’s place in the semiconductor world editorial series draws to a close, Steven Duvall and Glenn Downey provide the final part of their four-part feature. Here they propose steps to help build the semiconductor industry in Australia 1) Introduction This article concludes our four-part feature on semiconductors, continuing the themes from the three…
Xtek awarded $27 million defence contract for drones Xtek has received a $26.9 million purchase order from the Australian Department of Defence for new small unmanned aerial systems (SUAS), it announced on Thursday. The purchase took the value of orders in hand for its technology division to $35 million, with $47 million in revenue already…
The final result for 2022 in the Australian Industry Group’s Performance of Manufacturing Index showed “deteriorating conditions” following three months of broadly stable results. The PMI fell by 4.9 points over November to 44.7 in the survey-based PMI, released on Thursday. Any result above 50 indicates growth, and any result below it contraction. Five of…