Business

Perennial Partners joins shareholder register of Complexica

Complexica Pty Ltd, a leading provider of Artificial Intelligence software for optimising sales, marketing, and supply chain activities, announces that Perennial Partners has invested $3 million into the company, bringing the total investment by outside investors to $22 million during the past 18 months. They will join existing institutional investors on the shareholder register, which include well-known fund manager Microequities Asset Management (ASX: MAM), ports and logistics operator Flinders Ports Holdings, and ASX-listed investment bank and fund manager MA Financial (ASX: MAF). “Complexica is a hugely exciting business for Perennial Partners. We believe that Matt and his founding team are outstanding, and highly backable, having built and exited two successful enterprise AI platform businesses over the last 20 years,” said James McQueen, Senior Investment & Legal Principal at Perennial Partners. “With Complexica, the team have built a highly sophisticated, AI-driven decision making platform that captures and delivers enormous value to a large and growing number of quality blue chip customers across a range of industries. Complexica has a market leading position in Australia and is well positioned to scale up significantly both within Australia and globally. We are thrilled to be joining the register and look forward to supporting Matt and the team as they grow Complexica going forward.” Perennial Partners is an Australian fund manager with over A$8 billion on behalf of institutional and retail clients. Perennial focusses on delivering outstanding investment opportunities and outcomes for its clients in segments of the market where active management adds meaningful value. Within Perennial, the Perennial Private team actively manages over A$700m across a series of private company and pre-IPO funds. Perennial offers wholesale investors the opportunity to invest alongside a highly experienced team with deep capabilities, networks and experience in both private and public markets. The Perennial Private Investments strategy focusses […]

Pivotal moment for Australia’s energy future

The Australian Energy Market Commission’s proposal for a 100 percent rollout of smart meters by 2030 is an opportunity for Australia to “build it right” the first time. Philip Crosby was a legendary businessman and management specialist who said it is less expensive to do it right the first time than to pay for rework. His words still ring true today. The Australian Energy Market Commission (AEMC) has embarked on a plan to deliver a more efficient and lower-cost energy system. The Commission believes that smart meters are vital to achieving this goal as they will meet the country’s decarbonisation goals while also building an energy system that will support emerging technologies and services. In November 2022, AEMC released its Review of regulatory framework for metering services. The Commission is proposing a 100 percent uptake of smart meters by 2030 in National Electricity Market (NEM) jurisdictions – a laudable and achievable target. And here, Crosby’s words are particularly relevant. By making intelligent decisions today, Australia has the opportunity to build an efficient and effective energy monitoring and management system – and build it right the first time, without expensive and avoidable rework down the line. It’s time for real time The electricity meter can be the heart of an efficient and effective energy strategy. “Intelligent meters can deliver critical benefits to consumers, grid operators, and energy retailers while future-proofing investments,” says Michael Jary, Managing Director International, Sense. “A smart meter can also improve customer engagement and satisfaction, but crucial to achieving these goals is real-time and detailed device detection, consumption insights, and in-home intelligence,” says Jary. The Commission advocates forming partnerships with new entrants to provide specialised and unique data services and Sense is one of those exciting companies in the intelligent meter space. Sense has developed novel technology that […]

CSIRO announces successful ON Accelerate teams

Australia’s new cohort of deep-tech founders Australia’s national science agency, CSIRO, has announced the 10 deep-tech game changers from Australia’s universities and research community selected to develop their high-potential innovative ventures through the ON Accelerate program. CSIRO Chief Executive Larry Marshall said the ON program has been part of transforming Australian innovation since 2015. “As the national science agency, CSIRO solves Australia’s greatest challenges with science, and there is no greater challenge than our innovation dilemma – solve that and we can solve anything. CSIRO’s ON Program has become a world-leading innovation catalyst because it inspires Australia’s scientists to turn their science into real world solutions for our greatest challenges,” Dr Marshall said. “ON recognises that innovation thrives on diversity and doing things differently. When you redefine old school paradigms of leadership, you can drive financial performance and reinvent industries. “Since the ON Program began in 2015, 66 new companies have been formed, raising more than $110m in investment capital and creating more than 500 jobs. I’m excited about the potential for this cohort to continue to create the new industries Australia needs to thrive in our innovative future,” he said. The 10 teams moving to the next stage of ON Accelerate are: DHI, connected to Monash University, is harnessing AI to improve regulation technology to better detect and report discrepancies of listed companies’ disclosures.Green Shield, also from Monash University, offers a class of materials that provide unique solutions for object camouflage, including radio frequency shielding.Originating out of the University of Technology Sydney, the v2Algae team is creating a new biotechnology specialty ingredient manufacturing segment for Australia. This team is partnering with another great company, one born out of CSIRO technology, v2food.Rainstick is a northern Queensland startup combining indigenous knowledge systems and modern electrokinetics to encourage fungi and plants’ natural […]

Toy hauler model announced

Häuslein Tiny House Co, the Australian tiny house manufacturing company, has announced the launch of its new toy hauler model – the Häuslein Hauler (https://www.hauslein.com.au/toy-hauler) – a sleek-look recreational caravan for adventurous people. Designed and manufactured entirely in Port Macquarie NSW, The Häuslein Hauler is a 8m long recreational caravan trailer with a clean exterior aesthetic and a bold black interior offering customers living & sleeping space at one end and a large toy storage section at the back, making for the ultimate fun escape caravan trailer comfortable to stay in and secure for all your valuable sporting equipment. “The Häuslein Hauler was born out of our passion for dirt bike riding and mountain biking in the bush. We wanted to create a really unique toy hauler trailer which was highly-functional and attractive. We wanted to design something which wasn’t cluttered by ugly vents, flaps, panels, and gas bottles commonly found on conventional caravans in Australia.” says Scott Rohdich, Häuslein Co-Founder and designer of the Hauler. “We want people to be able to take the Häuslein Hauler to the bush, beach or mountains and comfortably stay fully off-grid with all of their valuable bikes or boards secure inside the trailer. And when it’s time to go home, people will spend next to no time unloading their equipment – ready for the next adventure.” “Strategically the new Häuslein Hauler model builds upon on the success of our core tiny house business and diversifies our product range into the caravan market with a bold new futuristic product.” says David Boyd, Co-Founder and Director of Marketing at Häuslein Tiny House Co. For more information and a product walkthrough tour of the Häuslein Hauler, visit (https://www.hauslein.com.au/toy-hauler)

Epson launches new 4K PRO-UHD home theatre projector

Epson has launched its new EH-TW6250 4K PRO-UHD home theatre projector with superior image quality and gaming capabilities. Ideal for film enthusiasts, sports fans and gamers looking for an immersive big screen experience, the new projector brings a range of high specifications and an excellent viewing experience. Epson’s patented 4K PRO-UHD technology enables the TW6250 projector to produce incredible brightness, enhanced colour and superb image detail. The smarts don’t stop there as the EH-TW6250’s dedicated 4K pixel-shift processor – Epson’s advanced pixel-shifting resolution-enhancement technology – results in an exceptional 4K1 visual experience which, combined with its dedicated HDR processor and resulting full 10-bit HDR colour processing uses 100% of the HDR source information. Boasting an advanced 3LCD projector design and true 3-chip technology the EH-TW6250 offers an amazing 2,800 lumens colour brightness3 and 2,800 lumens white brightness. It also can project a huge image size of up to 500 inches on virtually any wall or screen so viewers and gamers can and will be fully immersed in their entertainment. A low input lag under 20ms2, high contrast ratio up to 35,000:1, and frame interpolation for smoother, sharper and more realistic action scenes combined with captivating sound from a built-in 10 W stereo speaker all truly heighten every type of TV, movie and gaming content. A smart media player (SMP) is also included so you can watch your favourite content from a wide choice of apps and on the practical side, lens shift enables installation flexibility with a range of up to ±60% on the vertical axis. The EH-TW6250 with its sleek new curved design at an affordable price means users can enjoy the latest movies, sporting events and gaming releases anywhere in the home making them ideal for film fanatics and gamers looking for resolution of up to 4K PRO-UHD picture quality. For TV and movie viewers looking for a flexible easy to use solution which […]

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Asia Manufacturing News -technology media platform recognised

The JEZ Media www.jezmedia.net media platform www.asiamanufacturingnewstoday.com has been recognised as one of the top information providers of manufacturing, business and technology information by Feedspot, coming 51st in a worldwide total listing of 70 such publishers. We have noticed a real surge in interest over the last two years, due to information required for business realignment and future development as a result of Covid 19. The changing face of products and services, for Industry 4.0, The Circular Economy, Supply Chain, Renewable Energy, and amongst others, Cyber Security are part of this picture. Asia is a major focus for us, as a large proportion of world business and development continues to occur through technology and growth in all Asian economies. As we share stories of success – from China to India and further -our networks continue to grow for a future full of ingenuity, creativity and blue skies in all Asian countries. If your company has a story to tell, please get in touch. -Doug Green, Publisher

Australia must plan for massive renewables growth to unlock future manufacturing boom

Perth, Western Australia: The Australian Hydrogen Council (AHC) has welcomed the Federal Government’s National Reconstruction Fund amid a renewed focus on domestic manufacturing capabilities but says low-cost renewable energy and hydrogen hold the key to future Australian manufacturing. AHC CEO Dr Fiona Simon will tell over 600 delegates at the Australian Hydrogen Conference in Perth that a national approach to building renewables and other vital infrastructure to produce and use hydrogen is critical if Australia is to gain a competitive advantage in the global energy transition. “This is a long-term play and Australia sits in a prime position to take advantage of the opportunities. But we need a nationally integrated policy that looks to the long term to incentivise domestic manufacturing and open up export markets. “Becoming a ‘renewable energy superpower’ will boost Australian manufacturing in the long-term, providing an economic and national security benefit. Not only can we export hydrogen, we can use it to manufacture direct reduced iron, alumina and fertiliser, both to decarbonise domestic use and to export to other nations. “Economics will favour countries that can transition quickly to low-cost renewables to enable onshore processing and manufacturing for exports. And politics will favour countries like ours that are trusted trading partners, with shared democratic values,” Dr Simon said. “This conference is the key meeting place for Australia’s hydrogen industry and Perth is a strong location given the WA Government’s vision to be a significant producer, exporter and user of hydrogen,” added Dr Simon. Hydrogen industry leaders speaking at the conference include: The Hon Alannah MacTiernan MLC, Minister for Regional Development; Agriculture and Food; Hydrogen Industry, Western Australian Government The Hon Steven Miles MP, Deputy Premier of Queensland, Minister for State Development, Infrastructure, Local Government and Planning, Queensland Government Till Mansmann, Innovation Commissioner for Green Hydrogen at […]

Reducing plastic waste at Christmas

A world-first open platform to help reduce plastic waste and encourage sustainable solutions is being launched in time for the biggest waste dump of the year – Christmas. With approximately 30 per cent more waste produced at this time of year, now is the perfect time to start. I’M PLASTIC FREE www.implasticfree.com is a free platform to find eco services and products for consumers and businesses and provides up-to-date independent research – no greenwashing – and information for living more sustainably and ethically. Its values are simple: all materials and products are treated with value, and the circular economy is an integral part of our everyday life. ‘If every person made one or two easy changes using eco-friendly materials instead of single-use plastics, the impact would be enormous,’ says founder, Simona Paganetto. ‘Reuse and repurpose are first so there’s no waste, but when it’s time to replace your item, we provide a platform that makes finding and choosing an alternative easy.’ At Christmas this can really add up. Australians use an average of eight metres of paper for Christmas gifts. That might not sound like much, but it adds up to around 150,000 kilometres of wrapping paper. Enough to circumnavigate the globe four times. ‘We’re talking about something that is just ripped away and discarded, and if it’s got any type of foil or shine on it, it can’t be recycled,’ says Simona. ‘Don’t forget the ribbon and tinsel too, which are made from plastic.’ A different approach can make a huge difference. ‘Firstly, reusing paper, ribbon and tinsel is great,’ she says, ‘but if you don’t have any to reuse, there are many alternatives.’ I’M PLASTIC FREE has a handy Christmas checklist to help. ‘If every Australian family wrapped just a quarter of their presents in reused or alternative-paper […]

Construction to start on world’s largest telescope

Construction is commencing on the world’s largest radio telescope today. Minister for Industry and Science Ed Husic officiated at the ground-breaking ceremony on Wajarri Yamaji Country, 800 kilometres north of Perth. An international collaboration of 16 countries, the Square Kilometre Array Observatory (SKAO) will be the largest science facility on Earth, combining sister telescope sites in Australia and South Africa. Minister Husic said the project is an extraordinary feat of astronomy, scientific infrastructure and international cooperation. “This first-of-its-kind technology will allow astronomers to tackle fundamental scientific questions, ranging from the birth of the Universe to the origins of life,” he said. “We also expect the SKA to attract an estimated $1.8 billion in foreign income flows to Australia over its first 30 years and create around 350 medium-term jobs Minister Husic announced that the SKA Observatory had awarded contracts valued at over $320 million to Australian business Ventia to begin infrastructure projects on-site including power and fibre networks, and the construction of buildings for data processing equipment. “Australia’s membership of the SKA Observatory is not only good for industry today but will inspire generations of Australians to dream big and follow a career in STEM,” he said. “It will also provide an incredible platform for the nation to show our incredible scientific knowledge and research on the world stage.” Western Australia’s Deputy Premier and Minister for Science, Roger Cook MLA, said he was proud to support the SKA project and welcomed its global impact. “SKA-Low will be the world’s largest and most capable low-frequency radio telescope. Data collected in Western Australia will expand our very understanding of the universe and drive technological developments across the globe,” Deputy Premier Cook said. “Beyond the scientific benefits, the SKA project will provide jobs for engineers, scientists and technicians around the world, including in Western […]

How digital technologies will help sustain the health of construction projects

Rob Bryant, EVP of APJ at InEight Project health is constantly buffeted by risk events from all sides. And projects in Australia are being crippled by a trifecta of weather, supply chain disruption and increasing input costs. Working through another La Niña season, the wet weather will loom over the construction sector as projects will once again be delayed and subsequently run over budget because of persistent and unusual weather. Hence, it is no surprise the latest InEight Global Capital Projects Outlook reveals there is a 11% higher concern over climate change from 2021 to 2022. Managing risk, improving efficiency, and determining more predicable outcomes are all strategies to help reign in those factors and bring about a sense of wellbeing in a project landscape that is littered with chaos mines. Developments in digital technologies enable solutions such as artificial intelligence (AI) and enhancements to Critical Path Method (CPM) provide timely forecasts, reliable predictions, and effective risk management in the face of changing factors, whatever the weather. How can AI support risk management Although AI is not some magic tool whereby a contractor pushes a button and generates a schedule, it can be leveraged and manipulated to provide more realistic, dependable suggestions. In effect, it improves the planning process by enabling a computer to mimic the way a human makes decisions. An inference engine is a component of the AI system that applies logical rules to the knowledge base to deduce new information. When a project owner asks for a suggestion, the inference engine requests inputs in order to understand the context, such as the type of project, location, quantities and other variables. It then uses those variables to understand context, interrogate the knowledge library and provide suggestions. To fully capitalise from the benefits of AI, project leaders are provided […]

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