Ecocentric raises funds and prepares for ioT takeoff

Energy systems monitoring company Ecocentric is preparing to manufacture its Numen device that connects a building’s sensors and electrical equipment with the cloud after a novel fundraising effort. The Perth company has just completed an equity crowdfunding campaign which has netted $400,000 from 150 small investors, according to reports. This matches $3.2 million raised through…

Derby Rubber opens in Adelaide

Specialty rubber manufacturer Derby Rubber has relocated its head office to Wingfield in Port Adelaide where it was welcomed in a ceremony with local dignitaries. Managing Director Stephen Sheppard and General Manager Michael Clayton hosted Premier Steven Marshall, trade minister David Ridgway and the Mayor City of Port Adelaide Enfield, Claire Boan. The state has…

Amaero Engineering lists and reveals road to profitability

By Peter Roberts Additive manufacturing company Amaero International (ASX: 3DA) has revealed a swift move from losses to profits in filings with the ASX following its $8 million capital raising and listing on the exchange. The company’s 2019 accounts reveal a profit before tax of $454,266 for the year, an improvement on the $1.5 million…

Third inland rail regional activation precinct

NSW deputy premier John Barilaro has announced a third special activation precinct (SAP), this time in Moree, to generate business opportunities from the construction of the Inland Rail from Melbourne to Brisbane. The precincts are designed to “unlock the opportunity for investment in regional NSW” by attracting businesses according to a statement. The Queensland government…

Nufarm gets go ahead to sell South American operation

Agricultural chemical manufacturer Nufarm (ASX: NUF) has been given the go ahead by shareholders to sell its South American division to Nufarm shareholder, Sumitomo for $1.2 billion. The Melbourne company, which has faced headwinds in Australia with the prolonged drought and in the United States with extensive flooding, received the go ahead in an overwhelmingly…

Thales hook up the latest space agency agreement

The Australian Space Agency signed a collaboration agreement with French communications and defence company Thales this week, one of numerous such agreements with nations, states and international and local space industry leaders signed by the young agency. Agency boss Dr Megan Clarke (pictured) has been acive signing alliances and said its new agreement with space…