The European Investment Bank (EIB), backed by the InvestEU programme, is granting a €36.7 million loan to Königswarter & Ebell, a German subsidiary of Australian Battery cathode materials producer Pure Battery Technologies (PBT). The project involves construction of a commercial demonstration plant at a brownfield industrial site owned by Königswarter & Ebell in Hagen, Germany…
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Xefco is moving to the pilot manufacturing stage for a new waterless dyeing and finishing process, which it says could cut energy and water use by 86 per cent and 88 per cent respectively versus conventional wet processes. The company’s Ausora solution is described as using a “plasma-enhanced chemical vapour deposition” method to apply dyes…
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Welding technology developer K-TIG along with two shipbuilding partners is to demonstrate the suitability of K-TIG technology for the repair and sustainment of US Navy warships. The company has been awarded a research project under the US Navy’s National Shipbuilding Research Program to demonstrate the suitability of its advanced form of Keyhole Tungsten Inert Gas…
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Needle-free vaccination company Vaxxas has announced completion of a funding round worth $34 million, which it says will help it build production capacity and accelerate its clinical program for a Covid-19 vaccine candidate. Among existing investors in the round were OneVentures and University of Queensland technology transfer organisation Uniquest. “This financing from a strong syndicate…
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Matrix raises cash for expansion Perth’s Matrix Composites and Engineering has secured funding via a $7.5 million convertible note to fund major new contracts as it continues its emergence from a Covid pandemic low in business. The company, which manufactures buoyancy systems for underwater oil and gas infrastructure, has secured $30 million in orders since…
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The Australian Renewable Energy Agency (ARENA) is backing the creation of Australia’s largest electric vehicle logistics fleet by supporting the construction of a ‘depot of the future’. ARENA today announced $20.1 million in funding to Team Global Express (Global Express) for the depot project to integrate battery electric vehicles in its transport and logistics operations.…
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Airbus Defence and Space has selected the University of New South Wales (UNSW) to develop high efficiency solar cells to be used in space. A three and a half year research project will help push the performance of photovoltaic solar cells for space to the limit, both in terms of efficiency and radiation stability to…
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Construction has begun on the world’s largest radio telescope, the $3 billion Square Kilometre Array Observatory (SKAO,) which is being developed across large areas of outback Western Australia and South Africa. Minister for Industry and Science Ed Husic officiated at the ground-breaking ceremony on Wajarri Yamaji Country, 800 kilometres north of Perth yesterday. An international…
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ATSpace has confirmed they are ready to launch two of their Kestrel I rockets before the end of the year after a planned launch in November was postponed due to severe weather. Under permissions granted by the Australian Space Agency, launch services company Southern Launch and AT Space will aim to launch both the VS02…
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Cold spray additive manufacturing company Titomic has announced that it has raised $5.1 million through a share placement, including $2.2 million from its existing strategic investor and joint venture partner Repkon. Titomic Directors Herbert Koeck and Dag Stromme were also significant investors in the round, it said. Managing Director Koeck told investors on Monday that…
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