L3-Micreo to export IED protection systems

Brisbane’s L3-Micreo will produce and export more than 14,000 SILVERSHIELD units which protect vehicles from radio-controlled improvised explosive devices (IEDs). The units will be delivered to the Afghanistan National Defence and Security Forces and are in addition to 16,000 systems exported in 2018. The latest contract, announced by defence industry minister, Linda Reynolds, brings to…

Labor to promise to restart the car industry – report

ABC news is reporting an as yet unannounced Labor election policy to restart Australian car making, this time manufacturing electric and hydrogen powered vehicles. The report, on abc.net.au, says Labor would provide R&D grants from a $1 billion manufacturing-focussed fund. ABC reports high-ranking US executives have travelled to Australia to discuss co-investment options with the…

Agersons makes progress in American agri-tech market

Melbourne agri-tech business, Agersens has increased penetration of its IoT-based eShepherd in the United States signing a Memorandum of Understanding (MoU) with the Ohio State University. The MoU follows similar agreements to trial and implement the cattle husbandry technology with universities which provide agricultural extension services in Idaho and Kansas. Cattle wear the eShepherd collar,…

DroneShield powers ahead in latest quarter

Sydney-based drone security manufacturer, DroneShield (ASX: DRO) powered ahead in the latest quarter substantially increasing cash inflows and reducing cash burn. The company, which makes DroneShield, DroneSentinel and DroneGun Tactical products to detect and eliminate threats from rogue drones, booked revenue of more than a million for the first time in the quarter ended 31…