Drone company raises $3.5 million to commercialise technology.

Drone technology company Emescent has raised $3.5 million in venture capital to commercialise Hovermap, which utilises autonomous drones to map underground mines. The company, a spin-out from CSIRO, raised the capital from Main Sequence Ventures and Bechtel mining executive, Andy Greig. Hovermap consists of a LiDAR mapping payload equipped with autonomous technology that automates the…

Innovation fades from view – and why we should be worried.

Analysis by Peter Roberts. Remember Malcolm Turnbull’s innovation nation? It was flavour of the month but interest evaporated when the word failed to resonate with voters and the then Prime Minister turned to more pressing issues. The rise and fall of innovation under this government is just another chapter in the marginalisation of what arguably…

Osmoflo’s cup runneth over.

Adelaide desalination and water treatment manufacturer, Osmoflo is groaning at the seams at its Burton factory as it completes a number of major water purification projects. The company, which uses sophisticated membranes to desalinate and purify water, appears to have been benefiting from an upturn in mining investment across Australia. “Projects we are currently working…

Codan to supply Bangladesh with military radios.

Adelaide’s Codan Radio Communications is to supply the Bangladesh Army with 200 Codan Patrol 2110M Manpacks providing portable tactical communications capabilities. The company, a division of Codan Limited (ASX: CDA), said the deal gave the company “another multimillion dollar partnership in the Asia Pacific Region.” The company offered “a technically compliant product with superior quality…

Victoria backs new electric truck manufacturing facility.

The Victorian government has announced financial support to electric truck maker SEA Technologies to build a new plant in Victoria’s La Trobe Valley. The facility is expected to employ 500 Latrobe Valley locals, and assemble 2,400 vehicles a year – specialising in the production of electric delivery vans and minibuses using SEA Electric’s proprietary, and…