$10 million to build defence AI technologies

The federal government has announced Defence Innovation Hub grants of $10 million ti support development of artificial intelligence (AI) technologies and defence industry. The investment supports the government’s new Blueprint for Critical Technologies and Action Plan, released by the Prime Minister yesterday, which included AI as one of nine listed critical technologies of national interest.…

SRJ to develop hydrogen compatible pipe technology

Engineering firm SRJ Technologies Group has begun an analysis of the future market for hydrogen as it progresses its plans to develop hydrogen-compatible pipe technology. The company has identified opportunities in leak sealing, mechanical connectors, isolation, repair and integrity solutions for blended hydrogen pipelines and hydrogen manufacturing facilities. The company also has a partnership with…

Baraja launches automotive LiDAR sensing system

Australian autonomous vehicle technology manufacturer Baraja has announced a breakthrough high-performance autonomous vehicle sensing system which works at range, utilising per-point Doppler capabilities. The system, which is available to manufacturers to test in 2022 and is designed for volume production, is the first such system to be available for less than US$1000 per unit, according…

Nanosatellite company Fleet Space Technologies raises $35.8 million

Nanosatellite developer Fleet Space Technologies today announced it had raised $35.8 million (US$26.4 million) in Series B funding, allowing the company to pursue its advanced nanosatellite technology for use in industrial Internet of Things (IoT) applications. The Adelaide company, now valued at $170 million, raised cash from existing shareholders Artesian Venture Partners, Blackbird Ventures, Grok,…

@AuManufacturing’s new value-added service – accessing SMERL3 Covid recovery loans

ADVERTISEMENT The Australian Manufacturing Forum and @AuManufacturing have launched a new value-added service for manufacturers, assisting companies access loans guaranteed by the federal government under its SMERL3, SME Covid-19 recovery scheme. The federal government in conjunction with banking and lending institutions have been providing government backed loans of between 50 per cent and 80 per…

Traffic Technologies raises cash to expand in hardware and software

Roadway signage and traffic systems company Traffic Technologies is to raise $10.3 million from investors through a non-renounceable rights issue which is underway. The company has previously raised $2.17 million from sophisticated investors including $1 million from First Samuel. The company, which manufactures traffic hardware and provides software for end to end traffic management, IoT…

Products from Micro-X, QPE Machining and AML3D go on public display

Three innovative Australian manufacturers are revealing their products to the public this week – X-ray emitter manufacturer Micro-X, QPE Advanced Machining and additive manufacturing group AML3D. Micro-X is displaying its prototype self-service security screening station for airport passengers (pictured) at the RSNA 2021 conference in Chicago which features the latest innovations in radiology. And QPE…