Changes made to Austal’s board Perth shipbuilder Austal has announced two changes to its Board of Directors. After serving six years as a non-independent director, Chris Indermaur will not seek re-election at Austal’s upcoming AGM and will retire. Austal has appointed experienced international finance executive and board member Brent Cubis as a non-executive director (NED).…
3D printer manufacturer Titomic has sold its first machine to an Australian business for domestic use – a Titomic D623 cold spray system (pictured). The company announced it has made the sale, valued at $174,000, to United Industrial Solutions, a specialist in coatings and corrosion mitigation for the resource sector. United Industrial Solutions will leverage…
Metal additive manufacturing company SPEE3D has successfully participated in the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL) advanced manufacturing demonstration at the University of Tennessee Knoxville. The goal of the exercise was to train a soldier with no previous additive manufacturing training or experience to print a crucial part that can…
Additive manufacturer Amaero International has completed an upsized institutional placement to raise $25 million following strong support from existing institutional shareholders as well as from new Australian and international institutions. The company will use funds raised primarily to fund the purchase of capital equipment including a second atomizer and improvements to the company’s headquarters in…
Birdon progresses new boats for the Netherlands Birdon Group is progressing the build of Bridge Erection Boats (BEBs) for the Netherlands Army, with six Birdon BEBs in the final stages of assembly and delivery scheduled for the end of September. Birdon just performed a sea trial on the first boat – hull number 007 (pictured)…
Seatransport to design ships with closed cell foam Gold Coast based Ship design group Seatransport has secured the approval and exclusive licence for a Class approved closed cell foam for commercial vessels. After six years co-operation with Strathclyde University and a European foam manufacturer overcoming toxicity and flammability issues with marine closed cell foam, Lloyd…
Fleet Space’s Centauri-6 satellite takes off flight at space discovery centre A new piece of next-generation Australian space technology is on display at the Australian Space Discovery Centre in Adelaide. It is a full size model of Centauri-6, the eighth satellite launched by Adelaide-based company Fleet Space Technologies successfully reached orbit on April 8, 2024…
AML3D has recorded a massive 1005% year-on-year boom in revenue as the U.S. defence sector takes advantage of its advanced manufacturing capabilities.
Metal additive manufacturer Aurora Labs (A3D) has launched its new AL250 Printer with the first model now ready for commercial printing in A3D’s Industrial Print Services Business in Perth. The printer will bolster print capability in the Print Bureau and demonstrate to potential customers the capabilities of A3D’s machines to help boost future printer sales.…
Starpharma’s loss, strong financial position Biotechnology company Starpharma‘s loss narrowed during FY24 by 48 percent from $15.6 million to $8.2 million. Net cash outflow of $11.8 million was down $7.4 million from FY23 on revenue up 132 percent to $9.8 million. Revenue included a one-time $6.6 million cash payment from Mundipharma on termination of a…
