K-TIG looks to cheaper UK nuclear technology acquisition

Rapid welding technology manufacturer K-TIG has cut the amount of cash it is seeking from investors to fund the purchase of UK advanced manufacturer Graham Engineering Limited (GEL). The acquisition marks the company’s entry into the United Kingdom nuclear decommissioning sector, with K-TIG vying for contracts to manufacture containers to house nuclear wastes. The company…

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Fleet Space buys radio frequencies for satellite communications

Nano satellite manufacturer Fleet Space Technologies has expanded its global footprint acquiring rights to new long-term radio frequencies which enable communications with its low earth orbit (LEO) satellite constellation. In its first commercial venture on the continent, Fleet has purchased the frequency of assets of a Luxembourg-based company, giving it effective operational control over an…

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Micro-X’s $21 million to manufacture airport X-ray checkpoints

Carbon fibre nanotube X-ray manufacturer Micro-X has scored a coup with the announcement it has been funded by the US Department of Homeland Security to manufacture full size, integrated, self-screening airport passenger checkpoints. The company’s minaturised CT scanner technology, which has been in development under two DHS contracts worth $8 million, makes possible the concept…

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Manufacturing news briefs – stories you might have missed

IDT Australia raises $2 million from shareholders Melbourne pharmaceutical manufacturer IDT Australia has raised $2 million via an over-subscribed share purchase plan to existing shareholders. The raising followed the successful completion of a $5 million placement to professional and sophisticated investors. The total capital raised will be used to fund the company’s capital expenditure programme…

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Australia buys 20 C-130J Hercules, but government vague on industry benefit

The federal government has announced a massive new order for 20 new C-130J Hercules aircraft for the Royal Australian Air Force, but worryingly failed to define Australian industry benefits in the announcement. Defence minister Richard Marles and Defence Industry Minister Pat Conroy revealed the $9.8 billion in spending with Lockheed Martin but were vague about…

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Queensland aims for quantum advanced technologies strategy

The Queensland Government will partner with universities and industry to develop a Quantum and Advanced Technologies Strategy aiming to develop compound semiconductors, photonics and quantum technologies. The strategy will support commercialisation of research and intellectual property in Queensland, building and attracting advanced technology businesses to keep high value jobs local rather than going offshore. The…

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