SQC raises another $50 million for quantum development

Sydney quantum computing hardware manufacturer Silicon Quantum Computing (SQC) has closed a scaled back $50.4 million Series A capital raising to fund the manufacture of the world’s first scalable, error corrected quantum computer. The investors in the latest round are the Commonwealth Government and institutions including the Commonwealth Bank of Australia (CBA), Telstra and the…

AML3D awarded European process patent

Additive manufacturing company AML3D has announced that it has been granted a European patent for the company’s Wire Additive Manufacturing (WAM) process.  The European Patent Office patent is aligned with an Australian patent granted in June 2021, the company said in a statement on Tuesday morning, and “provides coverage over AML3D’s method and apparatus for…

Building houses in factories for the Commonwealth Games was meant to help the housing crisis. What now?

By Louise Dorignon, RMIT University and Trivess Moore, RMIT University Huge sporting events come with substantial public investment in housing. After Melbourne hosted the 1956 Olympics, about 600 houses in the athlete village became public housing in West Heidelberg. After Melbourne hosted the 2006 Commonwealth Games, the athlete village in Parkville was largely sold off,…

Making the most of Australia’s space frontiers – By Andrew Mannix

The local space sector was shocked when the federal government cancelled the National Space Mission for Earth Observation (NSMEO). However, industry understands the government’s pivot, and still has a critical role to play in lessening Australia’s dependency on foreign countries for our space services, writes Andrew Mannix. Space underpins our technologically advanced way of life.…

Fleet Space buys radio frequencies for satellite communications

Nano satellite manufacturer Fleet Space Technologies has expanded its global footprint acquiring rights to new long-term radio frequencies which enable communications with its low earth orbit (LEO) satellite constellation. In its first commercial venture on the continent, Fleet has purchased the frequency of assets of a Luxembourg-based company, giving it effective operational control over an…

Manufacturing news briefs – stories you might have missed

IDT Australia raises $2 million from shareholders Melbourne pharmaceutical manufacturer IDT Australia has raised $2 million via an over-subscribed share purchase plan to existing shareholders. The raising followed the successful completion of a $5 million placement to professional and sophisticated investors. The total capital raised will be used to fund the company’s capital expenditure programme…