Market News

First Graphene Limited (ASX: FGR; “First Graphene” or “the Company”) is pleased to announce it has entered into a joint development agreement (JDA) with fellow ASX-listed company Suvo Strategic Minerals Limited (ASX:SUV; “Suvo”) to research and develop low-emission cement and concrete products.

ASX-listed DroneShield has received two orders totalling approximately $2.2 million for a number of its handheld systems, including the recently launched DroneGun Mk4 portable drone countermeasure equipment.

Cicada Innovation’s National Space Industry Hub has ventured into a partnership with India-based deep tech incubator mach33.aero to establish a bilateral international space collaboration...

Tritium, a Brisbane-based manufacturer of electric vehicle chargers, has generated $57 million in revenue from 1 January 2023 to 30 April 2023, reflecting a year-over-year growth rate of 237 per cent from last year’s $17 million profit. 

Australian semiconductor developer BluGlass Limited rolled out the first suite of its commercial gallium nitride (GaN) laser products for customer purchase at Photonics West in San Francisco in January, according to the company's latest quarter activities update. 

Amaero International, an ASX-listed company with manufacturing and corporate headquarters located in Tennessee, USA, has updated its financial guidance, revising key projections for capital expenditures and EBITDA breakeven timelines.

Northrop Grumman has signed a six-year contract with Quickstep Holdings for the delivery of Australian-made components for the F-35 aerospace program. 

Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020. 

DroneShield has been awarded a two-year research and development (R&D) contract for $9.9 million by a Five Eyes Department of Defence (DoD), with approximately $4.5 million expected in the third and fourth quarters of 2023. 

Supply chain pressures continue to ease for Australia’s industrial sectors, with the Ai Group Industry Index posting an increase of 3.1 points in August to -11.6.