GE fallout is Silex’s gain

Industrial technology firm, Silex Systems (ASX: SLX) has agreed to buy back control from GE and Hitachi of its laser enrichment process for uranium, in association with a Canadian mining firm. Silex announced that it had acquired 51 per cent of GE Hitachi Nuclear Energy’s stake in Global Laser Enrichment (GLE). Canadian uranium miner Cameco…

Bringing the NBN up to speed

Analysis by Peter Roberts It is hard to believe but after tens of billions of dollars spent, Australia heads towards 2020 with slow internet speeds that are going to affect the country’s economic future. New figures released in the Speedtest Global Index show Australia comes in at number 55 globally in terms of internet speed,…

Titomic adds new technologies

Metal additive manufacturing company, Titomic (ASX: TTT) has won exclusive rights to two CSIRO technologies to make pipe from titanium and titanium alloys. The exclusive agreement, with CSIRO’s The company announced that Titomic Managing Director, Jeff Lang said: “This is a significant expansion of Titomic’s IP and associated revenue opportunities. “By adding these two new…

Hydrostor to store energy underground

Canadian renewable energy company will invest $30 million to turn a dis-used zinc mine at Angus near Adelaide into an underground energy store. The company will build a commercial-scale demonstration of its Advanced Compressed Air Energy Storage (A-CAES) technology in use in two other sites overseas. The Australian Renewable Energy Agency (ARENA) will provide $6…

Milestone for frigate upgrade

The Warship Asset Management Agreement (WAMA) Alliance has hit a milestone in the upgrading of Australia’s Anzac class frigates, with the removal of the mast of HMAS Arunta. The mast is being removed at BAE Systems’ Henderson shipyard in Western Australia and is a crucial part of the class’s midlife capability assurance programme. WAMA Alliance’s…