Compound semiconductor developer and maker BluGlass has announced the close of its share purchase plan (SPP), which raised $5.3 million before costs. The company said in a statement on Tuesday that the raise will accelerate production and delivery related to new and existing contracts, as well as support additional fab equipment and working capital. It…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 1) Australia’s 50 Most Innovative Manufacturers 2025 report — now available to download for free @AuManufacturing is very happy to release our campaign report, wrapping up 2025’s iteration of the 50 Most Innovative. This 48-page report features never-before-published Q and As with six…
It might be to put a new sales team on the ground in a new market. Or to import some expensive production kit and fly an expert over to teach your staff how to use it properly. Or you might need to bring in outside technical help to bring a tricky project up the last…
By Colette Southam, Bond University The federal government wants to boost Australia’s productivity levels – as a matter of national priority. It’s impossible to have that conversation without also talking about innovation. We can be proud of (and perhaps a little surprised by) some of the Australian innovations that have changed the world – such…
Materials and renewable energy development and commercialisation company Sparc Technologies has announced firm commitments to raise $2.2 million through a share placement, with a further share purchase plan expected to raise another $500,000. In a statement on Thursday, Sparc said the placement at $0.15 per share was “strongly supported by existing and new investors”. The…
Wire arc additive manufacturing business AML3D has reported breaking even in operating cash flow terms for the quarter ending March 31, benefiting from strong US market growth underpinning $2.5 million in customer receipts for the period. According to a statement from the machine builder on Monday, it also “more than doubled investment in its US…
Reproductive technology company Memphasys came out of a trading halt on Monday morning, telling investors that it has received binding commitments to raise $1.275 million through a strategic placement. In a statement to the ASX, Memphasys said the commitments were from new and existing shareholders, amounting to 212,500,000 ordinary shares at $0.006 per share. Participants…
A measure of turnover data published by the Australian Bureau of Statistics since 2021 has shown manufacturing outpacing all other industries for February, with a strong rise in metal products. The ABS’s experimental Monthly Business Turnover Indicator tracks 13 industries, with an aggregate rise in turnover of 0.2 per cent (in seasonally-adjusted terms) for the…
Brisbane-based, Canadian-listed Graphene Manufacturing Group has raised $C 5,796,000 (approximately $6.4 million) at a price of $C 0.80 per unit. According to a statement from the company on Friday (Australian time), the net proceeds will be used to expand its production capacity to increase sales, for R&D on its Graphene Aluminium-Ion Battery with the Battery…
Sponsored article For over 30 years, Modra Technology has been developing automation solutions for carpet manufacturers. Based in Warragul, Victoria, this family-owned business supplies machinery to over 200 clients in 35 countries, with a reputation for innovation in carpet sampling and creeling technology. A key driver of Modra’s recent growth has been the CreelMT™ Mobile,…