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Titomic secures $1.2m sale of custom kinetic fusion system to US-based Triton Systems
Additive manufacturing company Titomic (ASX: TTT) has sold its custom kinetic fusion (TKF) system to Massachusetts-based business venture company Triton Systems for $1.2 million. The deal represents Titomic’s first TKF sale within the US and is believed to be part of a larger strategic investment by Triton to develop innovative research, development and manufacturing applications. […]
ikeGPS expands IKE PoleForeman footprint in the US with new utility clients
Platform technology company ikeGPS Group (ASX: IKE) has secured $3.63 million in new contracts for its next-generation subscription software product IKE PoleForeman. Launched in October, this structural analysis product enables utility engineers to efficiently design distribution power and communication networks. Since its launch, it has accumulated more than $10.88m in total contract value, representing approximately […]
HMC Capital appoints ex-PM Julia Gillard to chair new Energy Transition Fund
Diversified asset management firm HMC Capital (ASX: HMC) has announced that former Australian prime minister Julia Gillard will chair its soon-to-be-launched Energy Transition Fund. The company expects to raise $2 billion from institutional and wholesale investors later this year to kick-start the fund, which will invest in up to 15 gigawatts of assets across the […]
Westar Resources highlights Mindoolah’s high-grade gold and silver potential
Westar Resources (ASX: WSR) has obtained “outstanding” gold and silver results in a new review of the potential of the historic Mindoolah Mining Centre (MMC) within its Mindoolah project area in Western Australia’s Murchison district. Assays of up to 40.7 grams per tonne gold and 214g/t silver were returned from 14 grab samples of mined […]
BrainChip strengthens AI capabilities with new patent for Akida neuromorphic processor
Artificial intelligence (AI) specialist BrainChip Holdings (ASX: BRN) has strengthened its intellectual property portfolio with the issuance of a new patent by IP Australia. Patent AU2022287647 (An Improved Spiking Neural Network) was granted for the company’s neuromorphic processor Akida and machine learning framework MetaTF, designed to seamlessly transform contemporary neural networks into event-based or spiking […]
Southern Cross Electrical subsidiary wins $160m contract for Collie battery project
Southern Cross Electrical Engineering (ASX: SXE) subsidiary SCEE Electrical has been awarded a $160 million balance of plant works contract by Synergy for the Collie Battery Energy Storage System (CBESS) south-east of Perth. The contract is believed to be the largest initial award by value in SCEE’s history, surpassing the $100m electrical and communications services […]
IDT Australia to pioneer national ADC manufacturing with Victorian government grant
Pharmaceutical manufacturing company IDT Australia (ASX: IDT) has been awarded a grant by the Victoria state government to partly fund the establishment of Australia’s first current good manufacturing practice antibody-drug-conjugate (ADC) manufacturing facility. The grant, provided by the Victorian Industry Investment Fund stream of the Victorian Jobs and Investment Fund, will support IDT Australia’s new […]
Uvre expands uranium portfolio in South Australia with strategic exploration licences
Uvre (ASX: UVA) has announced it is adding two new exploration licences in South Australia’s prime uranium territory to its significant global portfolio of energy and critical metals. The Australian junior, best known to date for its work at the East Canyon uranium-vanadium project in Utah and the South Pass lithium project in Wyoming, has […]
Warren Buffett warns on AI as Berkshire Hathaway’s cash pile nears US$200 billion
At the grand old age of 93, none of us know how many more shareholder meetings Warren Buffett will host but once again he has really held the attention of Berkshire Hathaway investors over the weekend. While this was his first meeting without his sidekick Charlie Munger who died at the age of 99 last […]
Market wrap: tech pushes market higher after monster Apple share buyback
A surprisingly strong result from iPhone maker Apple which included a $167 billion buyback helped to put a rocket under local technology shares and end the week on a very positive tone. The rocket under the technology sector helped to push the ASX 200 up 0.6% on Friday or 42 points to 7629 points, which […]
Chariot Corporation enjoys early lithium drilling success at Black Mountain
Chariot Corporation’s (ASX: CC9) Phase 1 drill program at the Black Mountain project in Wyoming has intersected high-grade spodumene mineralisation and confirmed the exploration potential of the area. Early results have already identified a potentially large pegmatite stock at a shallow depth of around 100 to 200 metres to the east of the Phase 1 […]
PPK Group investee wins $30m ADF body armour contract
PPK Group (ASX: PPK) is celebrating a major $30 million Australian government defence industry order awarded to its investee company Craig International Ballistics (CIB). Queensland-based CIB will supply body armour that will be used by Australian Defence Force (ADF) personnel, including in combat and counter terrorism operations. CIB is already a major supplier to the […]
Caravel Minerals lodges key environmental review document for WA copper project
Caravel Minerals (ASX: CVV) has reached a critical milestone in its plans to develop its namesake copper project, lodging an environmental review document (ERD) with Western Australia’s Environmental Protection Authority (EPA). The ERD is the most detailed level environmental assessment currently available under state and federal legislation. Located 150 kilometres north-east of Perth in WA’s […]