Eden Innovations reports sales growth

Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) appears to have made a breakthrough in commercialising its unique technologies, reporting its first significant sales. The company, which developed EdenCrete, a carbon nanotube enriched admixture for concrete, reported sales of $416,000 for the quarter to the end of march, compared to only $19,000 in the…

Skyborne Technologies raises cash to fund UAV development

Brisbane UAV maker Skyborne Technologies has raised $5 million (US$2.45) to further commercialisation of its Cerberus GL micro tactical UAV. Cerberus is designed as the world’s lightest armed UAV, weighing only six kilogrammes, with the company targeting the defence and law enforcement market. The capital raised was from a private institutional investor based in Abu…