Conflux Technology secures $11 million in Series B round

3D printed automotive, aerospace and drone heat exchanger manufacturer Conflux Technology has secured $11 million in its Series B funding round, led by the Victorian government venture capital arm Breakthrough Victoria. Breakthrough pledged $5 million along with investors AM Ventures and Acorn Capital, with the cash to be used to accelerate development of its Conflux…

IDT Australia revenue hits new high

Pharmaceutical manufacturer IDT Australia has reported revenue for the quarter ended 30 September up 70 percent on the previous corresponding period to reach a two year high of $5.2 million. The Melbourne company said the results were encouraging and came on top of the it submitting proposals worth $24.7 million and securing $6.8 million in…

Iondrive claims robustness improvement in battery recycling process

Battery recycling company Iondrive has claimed “exceptional results” in large-scale bench trials this month, using its process to recover critical minerals from end-of-life battery materials. In a statement on Monday, the ASX-listed company shared that “a major leap forward” had been achieved in its ability to demonstrate recovery of valuable minerals, including lithium, even from…