PPK Group to demerge, raises $15.4 million
Diversified mining equipment and materials technology business PPK Group is to demerge its mining group. Announcing a $15.4 capital raising, PPK will spend the funds to accelerate projects applying its boron nitride nanotube (BNNT) technologies. Chairman Robin Levison and director Dale McNamara sold down shares in PPK to enable them to invest in the new mining venture.
Magnis Energy Technologies to supply Dubbo big battery for meat processing
Would-be lithium ion battery manufacturer Magnis Energy Technologies is to supply a 2.2MWh ‘plug and play’ battery which will be installed at meat processor Fletcher International Exports’ flagship processing facility at Dubbo inn NSW. The battery, which will be supplied from Magnis’ New York facility, will be tested in association with the University of Newcastle to ‘future-proof’ meat exports. Magnis is developing a battery mega-factory in Townsville, as well as in New York.
Aurora Labs upgrades 3D printer fume extraction
3D metal printers manufacturer Aurora Labs has taken delivery of equipment (pictured below) to upgrade fume extraction in its RMP-1Beta 3D printer prototype (main picture). Aurora Labs’ Rapid Manufacturing Printer One (RMP1) is the world’s first Direct Metal Laser Melting (DMLM) 3D printer featuring Multi-layer Concurrent Printing (MCP) technology. The upgrade addresses the removal of soot and fume – lasing generated print condensate – in the printer. The system will be installed in early December and a period of testing and parts production for customers will take place.
Pictures: Aurora Labs
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