Hazer Group gets R&D refund

Technology development compay the Hazer Group has received a R&D tax incentive refund of $1.3 million for its development activities in the 2019 financial year. The Perth company is commercialising the Hazer process, a low-emission hydrogen and graphite production technology. Hazer CEO Geoff Ward said the funds, together with a capital raising in November, put…

Ainsworth buys US games developer

Poker machine and gaming manufacturer Ainsworth Game Technology has bought US-games developer MTD Gaming Inc for an initial consideration of US$13 million. The Sydney company will pay an additional US$13 million to MTD’s private owners on the delivery of financial targets and contract renewals. Ainsworth, founded by Len Ainsworth who started the world’s second-largest gaming…

Archer progresses quantum chip measurement

Quantum computing materials development company Archer Materials has begun performing measurements required to build an operational, room-temperature quantum computing chip. The company said today in a statement that measurements related to control of qubits, the basic unit of quantum information, on ‘components’ of its future quantum chip, known as a CQ chip. Archer expanded its…