The Victorian Government’s Invest Victoria arm has offered non-dilutive financial support to Dovetail Electric Aviation to support its electric propulsion development roadmap, according to the company. Dovetail has relocated its headquarters from NSW to Victoria, with Invest Victoria’s cash adding to that received from aerospace company Aciturri which recently became the lead investor in the…
DroneShield moves to profit on increasing global tensions Drone countermeasure company DroneShield has confirmed it moved to profit in FY23 on the back of rising global tensions and Russia’s invasion of Ukraine. The company reported record contracts and growing cash receipts which reached $73.5 million in FY23, five times the previous year. More than 68…
The second stop on our adventure to unearth Australia’s 50 Most Innovative Manufacturers is at Scimita Ventures. Founder Dr Mobin Nomvar tells Brent Balinski about his work commercialising energy, materials, and circular economy research. Ask anybody who has taken scientific research and turned it into a commercial output and they’ll likely tell you that it’s…
AMSL appoints new CEO Passenger EVTOL maker AMSL Aero has announced that Max York is the company’s new Chief Executive Officer and Managing Director. York was described in a statement on Monday as an experienced commercial executive, military veteran and board director who will lead the company in partnership with co-founders Andrew Moore and Siobhan Lyndon as…
HEO opens USA Office Satellite monitoring company HEO announced the establishment of its United States of America office, HEO (USA), on Friday (Sydney time). The company said the expansion reflects a commitment to serving new and existing defence, government, and commercial customers in the US market. The new office in the Washington DC metro area…
Hazer Group to receive $9.45 million R&D tax incentive Technology development company the Hazer Group has announced approval has been received of its FY2022 R&D tax incentive refund from the federal government of $9.45 million. The company, which is constructing a commercial demonstration plant in Western Australia to demonstrate the Hazer process for producing hydrogen…
By Peter Roberts Suddenly, every iron ore producer and the country’s two primary steel producers are looking at ways of decarbonising the steelmaking process, or going entirely to green steel production. Andrew Forrest’s Fortescue group is famously attempting to become Australia’s greenest company while Whyalla steelworks operator GFG Alliance has begun production of green steel…
Intermodal terminal offers safety, environmental benefits: federal, Victorian governments On Friday the federal and Victorian governments welcomed private sector investment to build and operate a $400 million intermodal freight terminal in Melbourne’s north. Intermodal Terminal Company (ITC) announced it will soon start construction of the Somerton Intermodal Terminal, which will be a key node in…
The Australian Renewable Energy Agency has released a roadmap to decarbonise Australia’s alumina sector – crucial for net zero goals as the country is the world’s largest alumina exporter. Worth $7.5 billion to the national economy every year, the Roadmap for Decarbonising Australian Alumina Refining, outlines technologies that could reduce emissions from Australia’s six alumina…
Matrix raises cash for expansion Perth’s Matrix Composites and Engineering has secured funding via a $7.5 million convertible note to fund major new contracts as it continues its emergence from a Covid pandemic low in business. The company, which manufactures buoyancy systems for underwater oil and gas infrastructure, has secured $30 million in orders since…