Redflow raises further $6.75 million, totalling $11.65 million from Entitlement Offer Energy storage company Redflow told the ASX last week that it has received firm commitments from institutional and sophisticated investors for an additional $6.75 million (before costs) via placement of entitlement shortfall shares, at a price of $0.21 per share. Combined with approximately $4.9 million…
Public hearings for the inquiry on developing advanced manufacturing in Australia will be held on Tuesday at 9:00 am in Brisbane, examining the health, robotics and space sectors. According to a statement on Monday, the House Standing Committee on Industry, Science and Resources will hear from stakeholders representing those sectors on “what is needed to…
This week’s report from the Productivity Commission targeted Australia’s energy policies as a form of industry assistance – anathema to the dry economic policy group. Here, Roy Green finds the Commission out of touch with Australia’s needs. This is another tiresomely predictable and formulaic report from the Productivity Commission. Ironically it takes issue with the…
XTEK’s HighCom awarded new armour order XTEK has announced that its HighCom Armor Solutions division has received an international purchase order to supply ballistic body armour to an undisclosed European customer, worth $2.6 million. Scott Basham, XTEK Group’s CEO, said on Monday that the armour business — across manufacturing in Columbus, Ohio, XTclave technology development…
The Queensland government extended its support of the Advanced Robotics for Manufacturing (ARM) Hub by $7.2 million over four years in this week’s state budget. The ARM Hub is a not-for-profit innovation initiative launched in 2020, helping link companies with researchers for robotics and software-related projects. The funding would help it “continue its vital work…
Gilmour Space Technologies confirmed today that it had executed a $52 million grant agreement with the federal government that will see new space manufacturing and space launch facilities established as part of its Australian Space Manufacturing Network (ASMN) project. The project, co-funded under the Modern Manufacturing Initiative (MMI) Collaboration stream, the Queensland government and industry…
