Founder and CEO of Savic Motorcycles Dennis Savic has said he couldn’t be happier with his company’s capital raise that closed late last night having raised $1,224,049. The Melbourne company was aiming to raise between $500,000 and $2 million, with shares priced at 23 cents a share. Savic raised the cash to fund commercialisation of…
Building-integrated photovoltaics company ClearVue Technologies has been awarded a $2 million grant from the Western Australian government to bring manufacturing of its core components onshore. The company will establish a WA-based photovoltaic (PV) and nanoparticle components manufacturing facility. Onshoring will mitigate supply chain risks in line with the company’s global strategy, while benefitting the economy,…
Eleven businesses have been awarded approximately $870,000 under the final round of the Tasmanian government’s Advanced Manufacturing Accelerating Growth Program. Grants are worth up to $100,000 each on a co-contribution basis and assist manufacturers “to purchase capital equipment, linked to an off island market driven expansion opportunity with resulting increased employment.” Round four recipients (a…
A 43-foot hybrid boat being developed by a collaboration between electrical and electronics company Ampcontrol, boat builder Steber International and the University of Newcastle, has been launched on the Manning River, Taree, in regional NSW. Ampcontrol Engineering Manager Steve Mitchell said the successful deployment was a result of a partnership between industry, government and the…
The head of the company developing Australia’s first rare earths metals refinery has urged companies to produce high value rare earth metals locally rather than exporting ores overseas. Managing Director and Chief Executive Officer of Iluka Resources Tom O’Leary told the company’s annual general meeting that the key Australian rare earth resources – neodymium, praseodymium,…
Green energy company Endua has announced that it has raised $7.5 million in pre-series private funding, with new investors including Queensland Investment Corporation (QIC), Melt Ventures and 77 Partners.
CNC Design prints innovative lounge chair in two hours Additive manufacturing technology company CNC Design has demonstrated that 3D printing can print large items of furniture in a matter of hours, reducing production time and costs. The company displayed an innovative chair (pictured) at AMW 2023 exhibition at the RMIT University stand utilising a material…
Today in our editorial series Celebrating Australian Made, coinciding with Australian Made Week, we look at how steel producers are moving to embrace green steel production technologies which will flow through to the entire steel value chain, including numerous Australian Made licensees. By John Noonan Europe introduces a carbon border tax in 2026, but will…
By Susanne Becken, Griffith University; Brendan Mackey, Griffith University, and David Simon Lee, Manchester Metropolitan University The global airline industry is fast recovering from the unprecedented pause to flying imposed by COVID-19. In some parts of the world, such as the Middle East, airlines are even expanding rapidly – well beyond pre-pandemic levels. But how…
CSIRO has released a new report examining the prospects of carbon dioxide utilisation in the Northern Territory, which will help inform the business case for a proposed Northern Territory Low Emission Hub (NTLEH.) The Opportunities for CO2 Utilisation in the Northern Territory report has been delivered to the territory government and stakeholders, CSIRO said in…
