A rights issue is underway in which industrial technology group Environmental Clean Technologies (ASX:ECT) is seeking to raise between $2.75 million and $7.45 million for expansion. The company is developing a number of technologies to upgrade low-grade materials such as brown coal as well as recover waste resources and turn them into new materials. Its…
By Stuart Corner of IoT Australia Not exactly, but equinITy Technology, the developer of a horse monitoring system, says its technology was used by trainers of six winners, six second and five third place getters in the Spring Racing Carnival, including the trainer of the Melbourne Cup winner. According to the company, Danny O’Brien, trainer…
Engineering and industrial services group WestStar Industrial (ASX: WSI) has extended its manufacturing capabilities with the purchase of Alltype Engineering in an all-scrip deal. No cash is changing hands. Alltype operates a 7,000 square metre fabrication shop (pictured) employing 120 at Naval Base, Western Australia and services customers in the Oil & Gas, Water, Power…
The federal government has announced grants worth $1.6 million to help SMEs and researchers to connect with global markets. Twenty researchers and 14 small businesses are being supported in Round 4 of the Global Connections Fund (GCF) Bridging Grants. Industry minister Karen Andrews said: “These grants provide a critical pathway for Australian businesses and researchers…
A small cider manufacturer in winegrowing hot spot the Barossa Valley has swept up the major awards in this year’s Australian Cider Awards. Cider Australia’s awards for ‘Best in Show’, ‘Best Australian Cider’ and ‘Best New World Cider’ went to Barossa Cider Co’s Squashed Apple Cider. The product of brothers Oscar and Hugo Bowen was…
High speed welding technology group K-TIG will open its Adelaide operations to investors at the same time as it is advancing arguments that new technologies such as its own are needed to soften a coming shortage of qualified welders. The company’s Mile End operation will be open on November 26, and will include a demonstration…
Queensland is continuing its focus on the development of hypersonic aircraft engines in the form of work being undertaken by Dr Fabian Zander. The University of Southern Queensland’s Zander, a recipient of an ARC Discovery Early Career Researcher Award, is taking supersonics in a new direction, developing an airbreathing propulsion concept for engines that greatly…
Biopharmaceutical developer Bionomics (ASX: BNO) has received a $5.2 million R&D Tax Incentive Refund for 2018/2019 recognising its intense product development efforts. The company, which is developing a number of novel drug candidates based its unique ionX platform technology, appears to have received one of the largest refunds for the year. While most young drug…
Perth satellite IoT communications company Sky and Space Global (ASX: SAS) is attempting to raise $15.8 million from investors to extend its planned equitorial nano-satellite coverage to a fully global one. In an announcement to the stock exchange the company revealed the raising would be made up of a $10.8 million non-renounceable entitlement issue to…
As fire ravages the eastern states it is bizarre that today fertiliser and explosives group Incitec Pivot (ASX: IPL) was reporting a drop in profit caused by massive floods in North Queensland. The company reported EBIT of $304 million for the year ended 30 September, down from $557 million the year before largely because of…
