Automotive manufacturer Fusion Capital has lost the right to use the iconic Brabham name on its BT62 track racing supercar (pictured). Manufactured in a corner of a bus factory in Adelaide, 100 BT62’s are being made, with the BT63 GT2 Concept a specially designed second model. The BT62 features a mid mounted, quad cam, longitudinal…
Details
Wave energy technology developer Carnegie Clean Energy has announced that a scaled demonstrator version of MoorPower has been deployed at its testing grounds off Fremantle, Western Australia. MoorPower is a wave-to-energy system designed for use on aquaculture barges and vessels. Among the companies as part of the Blue Economy CRC-supported project are aquaculture companies Huon…
Details
New statistics from the Australian Securities & Investment Commission released halfway into the financial year show 243 manufacturing companies became insolvent during July – December 2023, compared to 235 and 84 for the same period in 2022 and 2021. In a statement from federal opposition industry spokeswoman Sussan Ley recapping recent collapses, the government’s “failed…
Details
By Peter Roberts War brings no good to anyone but a few military contractors which boom during times of rising tensions – none more so than drone detection and countermeasure manufacturer DroneShield. To say that the company is in the right place at the right time to prosper from technological change is a massive understatement…
Details
Coomera, Queensland luxury boatbuilder, Riviera has welcomed a record intake of 52 first apprentices including 12 females, adding to more than 400 tradespeople trained at the company over the past three decades. In total 27 are school based apprentices and 25 are full time apprentices. The motor yacht sector has been riding a significant economic…
Details
By Stephane Marouani As the adoption of AI grows across countless industries, it continues to enable impactful progress and revolutionise various aspects of technology and human interaction. Forrester predicts that Enterprise AI initiatives will boost productivity and creative problem-solving by 50 per cent in 2024. AI will impact the work of engineers and educators alike, saving…
Details
A $37.4 million contract has been signed between Defence and Lockheed Martin Australia, paving the way for domestic manufacture of Guided Multiple Launch Rocket System (GMLRS) missiles from 2025. In a statement on Tuesday morning, defence said the contract would facilitate technology and skills transfer from the United States and enable an initial batch of…
Details
The New South Wales and federal governments have announced two programmes to fund energy-saving upgrades to social housing and to open up access to solar power for strata apartment dwellers. Prime Minister Anthony Albanese and Premier Chris Minns released a $206 million funding package which could benefit 30,000 households across the state – programmes have…
Details
Sydney based Silex Systems is to compete in the United States to produce High Assay Low Enriched Uranium (HALEU) – a higher grade of nuclear fuel that will be required to fuel next generation advanced reactors, including Small Modular Reactors (SMRs). The company announced that the U.S. Department of Energy (DOE) had released the Request…
Details
KBR has welcomed two separate contracts with the department of defence, supporting the first MQ-4C Triton remotely piloted aircraft system (RPAS), ahead of scheduled delivery of the aircraft in 2024’s second half. The company said in a statement on Tuesday (Houston, US time) that the contracts will see it support Triton’s “aeronautical and geospatial requirements,…
Details