Additive manufacturer Amaero International has completed an upsized institutional placement to raise $25 million following strong support from existing institutional shareholders as well as from new Australian and international institutions. The company will use funds raised primarily to fund the purchase of capital equipment including a second atomizer and improvements to the company’s headquarters in…
The federal and state governments have announced $20 million for a new TAFE Queensland Centre of Excellence – Clean Energy (Batteries), to be a state-wide initiative coordinated through TAFE Queensland SkillsTech. According to a joint statement on Tuesday, the centre will operate across the TAFE network and deliver training in “emerging battery technologies and support…
Researchers from Monash University, led by Associate Professor Mikaël Martino from the university’s Australian Regenerative Medical Research Institute, have discovered a cell in blood which can rapidly promote healing, suggesting potential in off-the-shelf therapies. The group’s research showed cells known as Regulatory T cells “rapidly becoming a cell type specific for the injury it needs…
Following a meeting of creditors, bus and logistics fleets manufacturer GoZero Group’s bid to acquire bus manufacturer, BusTech which is in administration, has been approved. With the deed of company arrangement to be finalised in the coming days, the deal will make GoZero the biggest bus manufacturer in Australia, with operations across eastern and south…
Crusader Caravans is set for a bumper hot summer – announcing five new ranges and an expansion of export sales into the US market. Operating under the guidance of the business advisory Mawson Group, Crusader Caravans has retained a healthy balance sheet, strong order and production figures, according to a statement. This has seen and…
The federal government is to back construction of a rocket motor manufacturing facility designed to support Australia’s developing capabilities in guided weapons and missile manufacturing. The federal government today called for options from industry to establish a manufacturing complex for what it called a ‘sovereign rocket motor programme’ to make rocket motors, backed by an…
GT Recycling officially opens Geelong soft plastics plant Geelong, Victoria’s GT Recycling has officially opened its soft plastics recycling facility in a ceremony attended by local MPs. The $4.7 million facility is supported by a $3 million federal government grant. The new facility marks a major milestone in the fight against plastic waste, turning recycled…
The National Reconstruction Fund Corporation announced the departure of its founding CEO Ivan Power before the weekend, citing health problems. In a brief statement, the NRFC said Power had suffered several health challenges since he began his role this year and has been on extended leave since late-May. NRFC chair Martijn Wilder thanked Power, adding…
Australian Vanadium (AVL) has completed factory acceptance testing (FAT) of a vanadium flow battery (VFB) – the first to be manufactured using Australian manufactured vanadium electrolyte. The 220kWh VFB, to be installed at a Horizon Power site in Kununurra, Western Australia, can deliver up to 78kW of power for long duration energy storage. The battery…
Korea’s Hanwha Defence has deepened its links with Australia’s defence and space industries with a series of MOUs signed with several indigenous industry partners. Hanwha has linked with companies including rocket manufacturer Gilmour Space Technology, navigation systems company Advanced Navigation, and eVTOL/UAS leader AMSL Aero as well as foreign owned communications company Safran in Australia.…
