Listed contractor Matrix Composites & Engineering has added another $10 million to its pipeline of subsea work to be manufactured at its Henderson facility.
Australia's first deep sea hyperbaric testing chamber has been unveiled in Henderson, promising to slash wait times for subsea industries wanting to pressure-test their gear.
Matrix Composites and Engineering is set to produce and deliver a buoyancy system valued at approximately $44 million for a major deep-water project in Brazil.
Matrix Composities and Engineering has secured a purchase order valued at $16 million to build a buoyancy system for a major deepwater project in South America.
Henderson-based Matrix Composites and Engineering will collaborate with Fortescue Future Industries to develop equipment and materials technologies to support the business' green hydrogen plans.
Our board moves wrap includes David Wheeler, Craig Burton, Jay Hughes, Richard Simpson, David Smyth, Dale Bryan, Brian Beresford, Rowan Jones, Tim Bunney, Jon Bishop, Gavin Allen, Paul Hardie, Peter Ward, Joe D'Addio, Matt Briggs, Ian Pamensky, and Matthew Foy.
Our board moves wrap includes Prakash Kakkad, John-Paul Santamaria, Geof Stapledon, Jon Sutton, Don Koch, Ryan de Franck, Julie Jones, and Julian Ford.
In today's COVID-19 Wrap, WA records its fourth day with no new locally acquired cases, State Disaster Council set to meet and the vaccine rollout on track for February.
The state government will soon install 10, solar-powered hand sanitiser dispensers across WA as part of a $1.5 million deal with Henderson-based outfit Matrix Composites & Engineering.
Matrix Composites & Engineering was trading 20 per cent higher this morning after announcing a new technology agreement with oil and gas major Woodside Petroleum.
Matrix Composites & Engineering announced it has signed a contract with Australasian Property Investments for the sale and leaseback of its Henderson facility.
Shareholders have welcomed Matrix Composites & Engineering's market update, as the company said it expects the half-year to June 30 to be its best six months since 2016.
A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.
Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.
Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.
Matrix Composites & Engineering has sold its engineering workshop in Malaga for $3.25 million, with the proceeds to be used to further reduce the company's debt.
Local manufacturer Matrix Composites & Engineering lost a fifth of its value on the ASX today after announcing it had received a cancellation notice for two contracts worth a combined $US21.8 million ($A30.5 million).
Perth-based Matrix Composites & Engineering has flagged a number of redundancies and a $2.6 million impairment as it battles falling demand for its services in the tough economic climate.
Perth-based Matrix Composites and Engineering has secured $41.8 million worth of contracts for the supply of drilling user buoyancy to undisclosed clients.
Matrix Composites & Engineering has resumed dividend payments after reporting a net profit of $3.9 million on the back of a 21 per cent increase in sales revenue.
