Amaero International to review strategic alternatives Additive manufacturing technology company Amaero International has commissioned investment and advisory firm Guggenheim Securities to evaluate strategic alternatives for the company. The study was aimed at ensuring it was ‘taking every step possible to maximise value for shareholders’, according to an announcement. Amaero said no decisions had been made…
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BlueScope Steel will invest $217 updating the Port Kembla steelworks with the assistance of a federal government Modern Manufacturing Initiative grant. Canberra will provide $55.4 million to the project which will ‘shore up the supply of Australian steel to support renewable energy projects and our local defence sector’, according to the government. Steel plate produced…
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A ‘smart rail system’ that transforms rifles into data nodes linking soldiers in the battlefield with tactical leaders and commanders, is being trialled by NIOA. The Brisbane prime defence contractor has linked with technology and licensing company T-Worx to investigate application of its Intelligent-Rail (I-Rail) technology for use in the Australian Defence Force. The rifle-mounted…
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University of Southern Queensland defence industry research efforts have been granted membership to the federal government’s Defence Industry Security Program (DISP). Membership signals USQ’s strong capability to meet the national and international security requirements of Australia’s defence industry supply chain, according to a statement. DISP provides non-military organisations with a framework for working securely with…
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SeaStock, which recently became the sixth company with a licence to produce asparagopsis extract-based livestock feed, will undertake a project on “production and processing techniques” with Flinders University. Asparagopsis is a red seaweed native to Australia and New Zealand, and the subject of years of research led by CSIRO and James Cook University investigating the…
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Pure Hydrogen plans to produce ‘turquoise’ hydrogen from methane feedstock in a Brisbane pilot plant utilising technology from French company Plenesys. Pure Hydrogen has built up ‘considerable’ expertise in methane pyrolysis hydrogen production and will combine it with Plenesys’s A/C Plasma Torch to convert methane into hydrogen and solid carbon products including graphene. The two…
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CSIRO and Singular Health have announced the creation of an AI-based model for designing bespoke cranial implants. Crainiotomy CT scans were used to train a convolutional neural network AI model to generate a cranial implant design. Made possible with the support of CSIRO Kick-Start, the AI model is capable of generating a cranial implant within…
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Federal opposition leader Anthony Albanese will pledge an extra $22 million on infrastructure for the Lansdown Eco-Industrial Precinct, should Labor win the upcoming federal election.
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French multinational Schneider Electric has announced the completed acquisition of Aurtra, a University of Queensland spinout specialising in power asset management solutions. The acquisition was announced last year, with Aurtra’s HealthSense – a multi-function sensor solution – now part of Schneider Electric’s services offer portfolio. Aurtra was founded in 2016, following a decade of industry/university…
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A new export industry for Australia – sending green electricity offshore via cable – has moved a step closer with news that the giant Sun Cable export project has raised new capital. Billionaires Mike Cannon-Brookes and Andrew Forrest led a $210 million Series B capital raising from existing shareholders announced on Sunday night. The fund…
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