The Trailblazer for Recycling & Clean Energy (TRaCE) and Virescent Ventures have announced that they will partner to invest $1.6 million in climate tech startups through UNSW Founders Climate 10x accelerator program. The 10x program accepted its first intake last year, with a program running from August 2 until October 6, with a demo day…
Details
Austal’s 18th LCS warship for the US Navy completes acceptance trials The future USS Kingsville constructed by Austal USA, part of the Perth-based shipbuilder Austal, has successfully completed acceptance trials in the Gulf of Mexico for the U.S. Navy. During acceptance trials, comprehensive testing is conducted on the ship’s major systems and equipment in order…
Details
Plumbing solutions company Reliance Worldwide Corporation has announced that it has entered into an agreement to purchase Holman Industries for $160 million ($US 105 million), a seven times multiple on Holman’s EBITDA for the last 12 months. Holman is a Perth-headquartered, family-owned manufacturer and distributor of branded plumbing and watering products, sold through retail and…
Details
Perth-based building-integrated photovoltaics (BIPV) company ClearVue Technologies has achieved fire safe certification for buildings over 18 metres tall and in high-risk environments, In a statement on Tuesday, the company said their solar glazing unit was certified under “stringent classifications for non-combustibility, little or no smoke propagation, and no flaming droplets” by TÜV SÜD under the…
Details
Sydney-based quantum computing startup Diraq has completed a Series A-2 capital raise of $29 million (US$15m) to advance the company’s R&D initiatives to realise the full potential of quantum computing. The funding for Diraq, a leader in quantum computing based on silicon quantum dots, was led by Paris-based specialist investor Quantonation with participation from John…
Details
Biotechnology manufacturer CSL has failed to prove the efficacy of one of its most promising drugs under development – CSL112 (apolipoprotein A-I [human]). As recently as last year the Melbourne company was testing the drug in reducing the risk of follow on adverse cardiovascular events (MACE) in patients following an acute myocardial infarction (AMI) or…
Details
The federal government has committed $51 million to support collaboration between industry and researchers under Round 15 of the Cooperative Research Centres Projects (CRC-P). The 21 grants support industry-led projects with promising commercial potential that solve a wide range of community and economic challenges, from diagnosing life-threatening infections more quickly to innovative environmental recycling processes.…
Details
Aerospace, defence and space company Boeing has named Amy List as the incoming Managing Director of Boeing Defence Australia, replacing Scott Carpendale. List (pictured) will be based at Boeing Defence Australia’s Brisbane’s head office and report to Carpendale, who has been promoted from MD and vice president of the division to vice president of Boeing…
Details
Great Wrap launches compostable machine pallet wrap Stretch wrap business Great Wrap has launched a new machine pallet wrap (pictured) made from compostable biopolymers. The company took to social media and said: There has been a lot of research, trials, and material development happening behind the scenes to get it ready for launch. Pallet wrap…
Details
ASX-listed compound semiconductor company BluGlass has received $4.3 million in commitments from institutional and sophisticated investors in what it describes as “a strongly supported share placement” at an issue price of $0.037 per share. According to an announcement from BluGlass on Monday, it is also undertaking a share purchase plan offer to enable eligible shareholders…
Details