News Articles for Matthew Lamont

An almost doubling of the initial reported value of a contract with Malaysian state-owned oil and gas giant Petronas has pushed DUG shares to an 11-month high, up 90 per cent on a month ago.

DUG Technology managing director Matthew Lamont is excited by the company's future, as it continues to move forward with its elastic MP-FWI imaging technology.

DUG Technology has announced it will raise $35.2 million, as the company aims to further accelerate its growth trajectory.

WA could be in prime position to take a leadership role in the global data economy.

Shares in high powered computing company DUG Technology have gained 10 per cent after the company posted several records in its FY24 results.

DUG Technology has signed a landmark deal to license its innovative high-powered computer immersive cooling systems to Baltimore Aircoil Company.

High performance computing firm DUG Technology plans to open a new business unit in the Middle East, which will mark the company's fourth global geographical business hub.

The state government will invest more than $148 million in 40 projects state-wide, with DUG Technology, Austin Engineering, Kimberley Cotton Company and Stanley International College among the winners.

DUG Technology has secured contracts valued at $US24m ($A35m) five months into the financial year, setting it on track to exceed its total revenue for FY22.

New research covering more than 600 businesses paints the most detailed picture assembled of WA's startup and tech sectors.

Limitless WA: With a market capitalisation of around $100 million, DUG Technology has grown from a backyard operation to now planning a huge supercomputer in the Mid West.

Personnel cuts, executive pay deferrals and reducing office space will be part of a $US4.2 million savings drive for DUG Technology.

Supercomputing business DUG Technology has raised funds from a discounted share placement to expand into the military, space, and renewables markets.

ASX-listed DUG Technology is filing patents for a hydrogen energy storage system which it hopes to use to support a supercomputer project in Geraldton.

Local computing company DUG Technology has signed an agreement with CSIRO to provide high-performance computing and storage services for two years.

DUG Technology has reported first-half revenue of $24.2 million as the company continues to recover its earnings to pre-COVID-19 levels.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

High-performance computing company DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology.

Perth-founded supercomputing company DUG Technology has performed well on its first day of trading, listing two weeks ahead of schedule and closing 7.4 per cent higher.

Building a supercomputing facility in Australia to rival the world's biggest is among DUG Technology founder Matt Lamont's ambitious goals, to which end the company has announced a $26 million initial public offering.

West Perth company DUG Technology (formerly DownUnder GeoSolutions) has recruited company directors Michael Malone and Mark Puzey to its board as it moves closer to a stockmarket listing.

Almost one in 10 people aged 24 to 30 have left WA in the past five years, signalling more must be done to create a culture of opportunity.

Ambitious entrepreneurs and sensible policies could make WA the world's pre-eminent location for data analytics, remote operations and high-tech industries.

West Perth-based technology company DownUnder GeoSolutions has appointed former WA chief justice Wayne Martin as chair, as it pursues international growth off the back of its high-powered computing facilities.

The latest winners in the EY Entrepreneur of the Year awards have illustrated the diverse potential of the state's economy by developing value-adding businesses in sectors including education, oil and gas, agriculture, and construction.

EY has named 13 West Australian finalists in its annual Entrepreneur of the Year awards while also announcing Adrian Fini as its latest Champion of Entrepreneurship.

The Roebuck Basin has become a new area of interest for the state's petroleum explorers, creating some positive stories amid falling oil prices.

Perth-based oil and gas services company DownUnder GeoSolutions (Dug) has seized the chance to capitalise on what may be Australia's biggest oil find in decades by commissioning the nation's largest seismic survey.

In an industry not typically associated with ‘doctors', one Perth-based oil and gas services company has stacked its ranks with PhD holders in physics and maths, geophysicists, petrophysicists and

With the opening of a new office in Kuala Lumpur, Subiaco-based DownUnder GeoSolutions is well placed to win more work in the Malaysian and South-East Asian markets.