Automotive, aerospace and defence manufacturer PWR Holdings expects H1 FY25 net profit after tax to be between $3.2 million and $3.7 million, below the NPAT of $9.8 million achieved in the first half of FY24. The profit figure includes expenses incurred with PWR’s new $22 million headquarters at Stapylton on the Gold Coast which opened…
Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…
Aurora Labs lands third defence PO Metal additive manufacturer Aurora Labs has received its third direct order from the Australian Department of Defence for advanced 3D-printed metal components. The order valued at $50,000 strengthens the strategic relationship between A3D and Defence, according to an announcement. The CEO of Aurora Labs Rebekah Letheby said: “This third…
Additive manufacturing machinery manufacturer Titomic has broken into the US ship and submarine construction market, making its inaugural sale of a cold spray repair system. The sale to U.S. Navy’s Naval Sea Systems Command (NAVSEA), adds to its recent successes with the Royal Dutch Army and French Navy. Titomic told investors that reseller, Anywise America…
3D printed automotive, aerospace and drone heat exchanger manufacturer Conflux Technology has secured $11 million in its Series B funding round, led by the Victorian government venture capital arm Breakthrough Victoria. Breakthrough pledged $5 million along with investors AM Ventures and Acorn Capital, with the cash to be used to accelerate development of its Conflux…
Perth based Aurora Labs has received a second direct order for the Department of Defence for experimental additively manufactured metal components. This follows a June order from Defence to supply experimental metal alloy 3D printed parts, as well as supplying print production specialty componentry over the coming months. The company develops metal additive printers and…
Melbourne-based Luyten 3D, which makes large-scale concrete printers for the construction industry, has announced the sale this week of a Platypus X4 Special Edition machine to startup 3VIMA. According to its website, the machine sold is able to “construct large-scale projects with complex geometries” up to four metres high, eight metres wide, and 16 metres…
Metal additive manufacturing machinery manufacturer Titomic has been invited to join DNV ProGRAM to help standardise cold spray applications in the oil and gas sector The initiative from the DNV certification group focuses on developing and standardising additive manufacturing technologies for the oil and gas sector. The collaboration will target the use of cold spray…
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…