DroneShield’s $10m share of big Ukraine order DroneShield has revealed its counterdrone equipment has been selected to deploy to Ukraine under the latest, $20 million Australian Government aid package. The company received multiple orders from the government with a total value to DroneShield of $10.4 million. $5 million of cash receipts from the $10.4 million…
Sydney quantum computing hardware manufacturer Silicon Quantum Computing’s (SQC) Michelle Simmons was named last night as the winner of the 2023 Prime Minister’s Prize for Science. Professor Simmons (pictured) was recognised for creating the new field of atomic electronics which are ‘powering the transition from the digital to the quantum age’. Simmons, who has already…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Australian Precision Technologies wins missile contract Precision engineering manufacturer Australian Precision Technologies (APT) has received a contract from Kongsberg Defence Australia to manufacture components for the KONGSBERG Naval Strike Missile (NSM) Launchers to be delivered under Project…
Robert Iervasi joins SPC Global board SPC Global has announced the appointment of Robert Iervasi to its board, describing Iervasi as “a well-known executive in the FMCG industry [who] brings a wealth of experience and expertise to the SPC Global team.” Iervasi was previously Group CEO at Asahi Beverages, and “played a pivotal role in…
National Reconstruction Fund to hold inaugural meeting The board of the National Reconstruction Fund will hold its inaugural board meeting in Sydney on Monday afternoon. In attendance will also be Chair Martijn Wilder, as well as Kelly O’Dwyer, Kathryn Presser, Karen Smith-Pomeroy, Daniel Walton, Daniel Petre. Ahmed Fahour and Dr Katharine Giles will attend virtually. The make-up…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Government buys sea mines, ‘potentially’ locally assembled The Australian Defence Force (ADF) has announced it will purchase new, smart sea mines, which will reinvigorate Defence’s maritime mining capability, and are deployable from submarines, ships and aircraft, according to…
The federal government has announced funding of $12.4 million to support five major projects that will help Australian researchers collaborate globally on clean energy research and development. The International Clean Innovation Researcher Networks grants will support networks focussed on renewable energy and clean technologies such as solar, wind, storage, green metals, and their supply chains.…
ABT’s record growth in FY23 Sealed heavy vehicle brake manufacturer Advanced Braking Technology has announced revenues of $14.7 million for FY23, a 25.1 percent increase on the previous year. The company was able to increase sales margins during the year by 5.97 percent to 49.9 percent. Net profit after tax was $1.47 million, a 129…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) AUKUS technology sharing comes a step closer Australian access to foreign technologies on a range of cutting edge industrial technologies is a step closer following progress in the US Senate to the provision of exemptions from export…
Phycologic harnesses algae to purify indoor air Sydney start up Phycologic has launched its novel Seatree which harnesses the photosynthetic power of algae to purify indoor air. Founded by engineers and marine scientists Zac Duryea and Jack Vitnell (pictured), the company worked with University of Technology Sydney’s Deep Green Biotech Hub to develop the algae-filled…
