Sydney-based quantum computing startup Diraq has completed a Series A-2 capital raise of $29 million (US$15m) to advance the company’s R&D initiatives to realise the full potential of quantum computing. The funding for Diraq, a leader in quantum computing based on silicon quantum dots, was led by Paris-based specialist investor Quantonation with participation from John…
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Biotechnology manufacturer CSL has failed to prove the efficacy of one of its most promising drugs under development – CSL112 (apolipoprotein A-I [human]). As recently as last year the Melbourne company was testing the drug in reducing the risk of follow on adverse cardiovascular events (MACE) in patients following an acute myocardial infarction (AMI) or…
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The federal government has committed $51 million to support collaboration between industry and researchers under Round 15 of the Cooperative Research Centres Projects (CRC-P). The 21 grants support industry-led projects with promising commercial potential that solve a wide range of community and economic challenges, from diagnosing life-threatening infections more quickly to innovative environmental recycling processes.…
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Aerospace, defence and space company Boeing has named Amy List as the incoming Managing Director of Boeing Defence Australia, replacing Scott Carpendale. List (pictured) will be based at Boeing Defence Australia’s Brisbane’s head office and report to Carpendale, who has been promoted from MD and vice president of the division to vice president of Boeing…
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Great Wrap launches compostable machine pallet wrap Stretch wrap business Great Wrap has launched a new machine pallet wrap (pictured) made from compostable biopolymers. The company took to social media and said: There has been a lot of research, trials, and material development happening behind the scenes to get it ready for launch. Pallet wrap…
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ASX-listed compound semiconductor company BluGlass has received $4.3 million in commitments from institutional and sophisticated investors in what it describes as “a strongly supported share placement” at an issue price of $0.037 per share. According to an announcement from BluGlass on Monday, it is also undertaking a share purchase plan offer to enable eligible shareholders…
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Low emission industrial technologies developer Calix has completed a front end engineering and design (FEED) study which found the company’s near zero emission ZESTY process was cost competitive with traditional high emissions iron making. Calix told investors that the study for a 30,000 tonne per annum Zero Emission Steel Technology (ZESTY) Hydrogen Direct Reduced Iron…
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Sydney quantum computing hardware manufacturer Silicon Quantum Computing (SQC) has announced the former CEO of Arm Holdings, Simon Segars, as the company’s new Chair, effective January 28. Segars was employee number 16 in 1991 when he joined Arm, a British-headquartered software and semiconductor design company which was founded the year before and which is now…
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International Graphite has successful commissioned its new qualification-scale graphite micronising plant (pictured) at Collie, south of Perth which will produce graphite used in battery anodes. The 200tpa microniser is the largest in Australia and a milestone in the development of a domestic graphite industry, according to the company. International Graphite told investors: “It will be…
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By Peter Roberts In all the orgy of offshoring that has hollowed out Australian manufacturing in the past few decades, few have stopped to ask why do those companies that remain local manufacturers remain here, when so many now source offshore? Palash Nandy, CEO of electrical equipment manufacturer Legrand Australia and New Zealand, has been…
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