Clean energy company MGA Thermal has secured an additional $5.7 million in funding, taking its recent funding round total to approximately $14 million. The company, which is demonstrating the scale and industrial capabilities of its thermal energy storage systems, was supported by returning investors including Main Sequence, Melt Ventures and new investor JEKARA. The funding…
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EOS Defense Systems USA has participated in the US Army’s Project Convergence Capstone 4 (PC-C4) at the Army’s National Training Center in Fort Irwin, California. The subsidiary of Electro Optic Systems Limited demonstrated the capabilities of an R600 Remote Weapon Station (pictured) equipped with a Northrop Grumman M230LF cannon, coaxial machine gun, and four Javelin…
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Eight small to medium-sized businesses delivering priority capabilities for Defence will be assisted by federal government grants totalling $3.47 million. The Defence Global Competitiveness and Sovereign Industrial Capability Priority grant programmes help Australian businesses boost manufacturing, harness their expertise and increase jobs. The latest recipients are: QPE Advanced Manufacturing (pictured) will receive $1 million to…
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By Katie Howe Last week Prime Minister Albanese cheerfully welcomed the Chinese government’s removal of import duties on Australian wine. Following numerous government-to-government talks held in Canberra and Beijing over recent months, it was seen as a positive step in a new era of Australia-China relations. For winemakers, it was merely a small win on…
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Vast Renewables has executed engineering contracts to complete Front-End Engineering Design (FEED) on its VS1 Concentrated Solar Thermal Power Plant (CSP) project. The New York listed company executed key engineering contracts with Afry, FYFE, Primero and Worley to complete FEED on the Construction of 288 MWh CSP power plant to be built at Port Augusta,…
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Rio Tinto spends up big with local suppliers Rio Tinto increased its spend with suppliers and local businesses in Australia to more than $16.1 billion in 2023, as part of the company’s commitment to support communities where it operates. This was an increase of five per cent on the previous year and was spent with…
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The federal government has released its Medical Science Co-investment Plan, following the announcement of a proposed Future Made in Australia Act in response to international attempts to shore up domestic industry. The co-investment plan, released on Monday morning, identifies “a broad range of high-value investment opportunities” in medical technology, according to a statement, as well…
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Defence and communications manufacturer Electro Optic Systems has announced new customer orders valued at $24 million. EOS subsidiary EM Solutions has received additional orders worth $19 million, while EOS Space Technologies has won a $5 million contract. EM Solution’s orders include: Follow on orders from a European NATO navy for six King Cobra satellite terminals…
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Aerospace company Boeing has been awarded a $139.5 million contract to deliver Increment 3 Block 2 software, systems and sensor upgrades to enhance the anti-submarine warfare, maritime strike and intelligence collection capabilities of the RAAF’s P-8A Poseidon maritime patrol aircraft. The RAAF’s first P-8A aircraft entered into service in 2016, with the latest upgrades supporting…
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Applications have opened for SME manufacturers to apply for CSIRO’s Innovate to Grow, a free, ten-week, online program assisting companies “embarking on early-stage R&D or those venturing into new solutions”. In a statement on Monday, the nation’s science organisation said the intake of the Advanced Manufacturing cohort would be the first following the announcement of…
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