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Land Amendments Progress Townsville Lithium-ion Battery Plant

Magnis Energy Technologies Limited (“Magnis”, the “Company”) (ASX:MNS) is pleased to provide an update on progress to the Imperium3 Townsville (“iM3TSV”) 18 GWh lithium-ion battery cell manufacturing plant, planned for Townsville, Queensland.

  • Townsville City Council has now formally adopted an amendment to its planning Scheme, allowing the iM3TSV project to progress
  • The Scheme will allow the Development Application (DA) to be lodged in the coming months.
  • Discussions with investors continues following significant interest in the project.

Magnis Energy Technologies Limited (“Magnis”, the “Company”) (ASX:MNS) is pleased to provide an update on progress to the Imperium3 Townsville (“iM3TSV”) 18 GWh lithium-ion battery cell manufacturing plant, planned for Townsville, Queensland.

Townsville City Council (“Council”) has now formally adopted an amendment to its planning scheme (“Scheme”) to create a new, jobs-generating industrial precinct on the former Lansdown Station site at Calcium near Townsville.

The Scheme will now allow the iM3TSV consortium to lodge its Development Application with Council for Stage 1 of the proposed lithium-ion battery manufacturing plant in the near future. GHD, one of the contributors to the Study, are currently completing detailed reports to be included in the Development Application, which Magnis expects to be completed in the coming months. The full article on Council’s adoption of amendments can be found at the following link:

https://www.townsville.qld.gov.au/about-council/news-and-publications/media

On 1 October 2019, it was announced that iM3TSV, in which Magnis holds a one third share, submitted a feasibility study (the “Study”) to the Queensland Government, for a planned 18 GWh lithium-ion battery cell manufacturing facility in Townsville. The Study incorporated a staged approach, whereby the facility would be built in three tranches of 6 GWh.

Figure 1: Computer generated image of the Townsville Lithium-ion Battery Plant

Townsville Mayor, Jenny Hill, commented: “Council is committed to establishing an environmentally sustainable, advanced manufacturing, processing and technology estate on the site that will drive economic growth and job creation for North Queensland.”

“This growth and job creation are important for our economic recovery from the COVID-19 global pandemic as well as our long-term future.”

“Council welcomes the State Government’s approval of our proposed amendment and will continue to engage with project partners to progress potential projects for the Lansdown industrial precinct.”

Magnis Chairman Frank Poullas commented: “We are encouraged by the progress made in Townsville as we field some serious interest from investors seeking to be involved with the project. It’s great to have the support from all forms of government who see the opportunity to bring large-scale high-tech manufacturing into Townsville.”

In addition to the compilation of a DA submission with GHD, iM3TSV has also been progressing through the next phases of work that include development of validation testing programs and project funding. This work is being performed with various stakeholders that include financing advisor NAB, manufacturing equipment vendors and various instruments and institutions of government.

This announcement has been authorised for release by the Board of Magnis Energy Technologies Ltd.

For further information:

Frank Poullas

Executive Chairman

Ph: +61 2 8397 9888

www.magnis.com.au

Click here to connect with Magnis Energy Technologies (ASX:MNS) for an Investor Presentation.

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Australia is hoping to lead the way in robotics, and these are some of the country's top robotics stocks by market cap.

Robotics is a growing area of engineering and science technology. Although Australia is hoping to lead the way in robotics, the number of pure-play ASX-listed robotics companies isn't all that big.

Robotics is a broad term covering everything from design to the construction and operation of robots. It also includes the use of robots in roles normally played by humans, often to reduce errors or speed up processes.

This list includes a wide range of ASX-listed companies that employ robotics. Data was sourced using TradingView's stock screener on November 24, 2021, and stocks are listed in order of market cap from largest to smallest.


1. WiseTech Global (ASX:WTC)

Market cap: AU$17.19 billion; current share price: AU$52.90

Technology powerhouse WiseTech Global provides software solutions to logistics businesses in 130 countries around the world. Its CargoWise platforms are designed using workflows, automation and robotics. The WiseTech Global Group includes more than 30 businesses.

The company has performed positively on the ASX over the past year, with its share price rising about 70 percent since the start of 2021. The company expects to continue this momentum in during its 2022 fiscal year, with projected EBITDA growth of 26 to 38 percent.

2. Altium (ASX:ALU)

Market cap: AU$5.47 billion; current share price: AU$41.67

Altium is a leading global software company that focuses on 3D-printed circuit board (PCB) design. Although seemingly obscure, the PCB design tool Altium Designer is used by robotics companies like Robotics Kanti. The company also sponsors student robotics design competitions that focus on PCB design.

The 2021 fiscal year was strong for Altium, which reported a revenue increase of 6 percent, to AU$180.2 million, and announced a final dividend of AU$0.21 per share.

3. Vection Technologies (ASX:VR1)

Market cap: AU$249.49 million; current share price: AU$0.25

Vection Technologies is a multinational software company with offices in Western Australia, as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology in addition to 3D, virtual reality, augmented reality, industrial internet of things and CAD solutions.

The business is split into two sections: information technology development and outsourced services. The company also collaborates with Autodesk Technology Centres, the Microsoft Mixed Reality Team and Cisco Systems Italy.

4. FBR (ASX:FBR)

Market cap: AU$116.95 million; current share price: AU$0.05

FBR designs, develops and builds robots for the global construction market. The company's dynamically stabilised offerings are made to work outdoors using FBR's Dynamic Stabilisation Technology.

This technology was first used in the Hadrian X, a brick-laying robot that can build structural walls more efficiently than traditional methods and with less waste. The first commercial building to have its structural walls built by Hadrian X in 2020 was completed and tenanted in 2021.

5. Bill Identity (ASX:BID)

Market cap: AU$44.18 million; current share price: AU$0.25

Previously known as BidEnergy, Bill Identity provides a series of bill management solutions leveraged using its Robotic Process Automation (RPA). The RPA system helps clients increase their efficiency and serves customers across Australia, New Zealand, the UK, the US and Europe. The company had a strong year, with total operating revenue growth of 55 percent year-on-year to AU$14.6 million in its 2021 fiscal year.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article

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Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

The global robotics industry is expected to grow at a compound annual growth rate of 7.8 percent through 2028 according to the Global Industrial Robotics Market Analysis 2020. Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

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The distinction between robotics and AI can be a little confusing, but essentially think of robotics like the body and AI like the brain. Both can exist separately, and they are powerful when combined. The goal of a robot is to complete a task faster and more efficiently than a human.

What does the market look like?

The COVID-19 pandemic has seen technology sectors such as robotics accelerate as businesses have faced global challenges. Robotics has been able to help keep spaces safer by replacing humans with robots on factory lines, in eCommerce warehouses or on healthcare frontlines taking temperatures or disinfecting spaces.

What is Australia doing to support the robotics sector?

In early 2020, the Robotics Australia Network was formed to accelerate growth of the domestic robotics industry. The network aims to strengthen global competitiveness and cement Australia as a global leader in robotics.

How does the Australian robotics sector stack up?

According to the International Federation of Robotics, in a ranking of the world's most automated countries it's not even in the top 10. Number one is Singapore, followed by South Korea then Japan.

The investment space for pure robotics companies is relatively small, with greater opportunities to invest in more broader technology, AI and automation stocks.

Who are the big players in robotics stocks?

Robotics stocks in Australia are companies with a strong crossover to other technology sectors like artificial intelligence and virtual reality.

Vection Technologies (ASX:VR1)
Market Cap AU$77.56 million

Vection is a multinational software company with offices in Western Australia as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology as well as 3D, virtual reality, augmented reality, industrial IoT and CAD solutions. The business is split into two sections: IT development and outsourced services. The company also collaborates with Autodesk Technology Centers, the Microsoft Mixed Reality Team and Cisco Systems Italy.

Bill Identity (ASX:BID)

Market Cap AU$52.97 million

Previously known as BidEnergy, Bill Identity is a series of bill management solutions leveraged using robotic process automation, which helps clients increase efficiency. The company serves customers across Australia, New Zealand, the UK, the US and Europe. Bill Identity had a strong year, with total operating revenue growth of 55 percent year-on-year to US$14.6M in FY21.

What are the other ways to invest in robotics?

Another way to get into the robotics sector is investing in robotics exchange traded funds (ETFs), a popular choice that offers exposure to the industry of robotics and artificial intelligence rather than a single company. Two major ETFs in the robotics sector are:

  • BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ)
  • The ROBO Global Robotics and Automation ETF (ARCA:ROBO)

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.