Australian counterdrone technology company DroneShield has delivered explosive growth in its latest half-year results, with revenue surging 210 per cent to $72.3 million, according to results released on Monday. The Sydney-based company, which develops AI-powered anti-drone systems for military and civilian applications, reported its highest-ever quarterly revenue of $38.8 million in the second quarter, representing…
Livium has signed a new expanded recycling agreement with BYD Australia, broadening its battery recycling scope to include commercial vehicle batteries and energy storage systems in addition to electric vehicle batteries, according to an ASX announcement released on Monday. The three-year agreement, which commenced on May 1, positions Livium’s subsidiary Envirostream Australia as BYD’s preferred…
An Australian quantum computing company has joined forces with international partners to take on an ambitious challenge from the US military’s research agency. Sydney-based Diraq announced on Thursday it secured a contract with the Defense Advanced Research Projects Agency (DARPA) to participate in a program aiming to build a useful quantum computer by 2033. The…