As per a report released by the Department of Industry, Innovation and Science, Australia’s ongoing economic success depends on its ability to harness technological advances to create new products and markets, improve existing businesses, and enhance daily life. The market experts believe that the digital technologies will provide advantages across the society and economy in future. The opportunities afforded by digital technologies in Australia are not constrained to tech-based firms and start-ups; however, they can add value across all parts of the economy.
Technology is filling the gap across various sectors of the Australian economy, such as:
- Agriculture: GPS-guided tractors, self-steering and other high-tech farming equipment are helping farmers become more efficient and save on chemicals and other high-cost inputs.
- Manufacturing: Australian manufacturers are applying digital technologies like robotics, advanced modelling software, artificial intelligence, 3D printing etc. to modernise their processes and systems.
- Mining: Mining companies are employing driverless trains and trucks to drive productivity and improve safety.
- Services: Advances in technology like machine learning, data, analytics, artificial intelligence and robotics are boosting competitiveness and productivity.
- Health: Hospitals are utilizing various software to reduce waiting times and better manage patient flows, with some remote communities securing enhanced access to specialised services through digital channels.
- Transport: Improved use and collection of data are aiding the management of traffic flows and transport systems in cities more efficiently.
Besides these sectors, there are several other sectors where the impact of technological innovation is evident. Considering this, let us discuss some ASX-listed companies engaged in technology sector along with their recent updates below:
Audio Pixels Holdings Limited (ASX: AKP)
Founded in 2006, Audio Pixels Holdings Limited (ASX: AKP) has become a market leader in digital loudspeaker technologies. Audio Pixels’ patented technologies utilise novel techniques to produce sound waves straight from a digital audio stream, employing MEMS. Its innovative technological platform for regenerating sound empowers the production of a completely new generation of speakers that will surpass the design demands and performance specifications of the top consumer electronics manufacturers of the world.
Audio Pixels Releases Digital Speaker Development Update
The company notified that despite very best efforts, its vendor was unable to meet delivery schedules that were expected before the High Holiday’s vacation season in Israel. The company recently mentioned in its half-year report for six months ended 30 June 2019, that specific fabrication steps of the MEMS wafers have been altered to lessen critical performance requirements on vendor fabrication tolerances.
As per Audio Pixels, most of the necessary modifications have already been executed and that the test wafers are close to completion. The delivery of the test wafers is likely to begin shortly after the vacation season by the end of October.
Take a look at the company’s recently released financial figures below:
Up till 10th October 2019, AKP has generated a return of 50 per cent in the last one year and a return of 7100 per cent since 12th October 2009. The stock ended the trading session flat at $17.7 on 10th October 2019, with 28.3 million outstanding shares.
ServTech Global Holdings Ltd (ASX: SVT)
The multinational software firm, ServTech Global Holdings Ltd (ASX: SVT) makes Augmented Reality (AR) & Virtual Reality (VR) software services for the architecture, education, engineering, construction & manufacturing industries. The company operates on a Software as a Service business model based on recurring subscription revenue and an Enterprise business model based on bespoke fees.
ServTech Launches “FrameS” across European markets
On 10th October 2019, the company notified about the launch of its immersive VR design platform across European markets, FrameS in November 2019. The launch of FrameS is the company’s first step towards its strategy to build a global SaaS business model.
The company mentioned that the launch is underpinned by distribution partnerships with Four Bytes, Altea Federation and Infor, targeting more than 6,700 clients including Maserati, Agusta Westland, Ferrari, Duracell and Gucci.
The platform targets niche 3D Render and VR product design market, that holds more than 10 million subscribers of software like Autodesk VRed, Solidworks, Autodesk 3DS Max, Autodesk Maya and others.
Up till 10th October 2019, SVT has delivered a return of 27.3 per cent on a YTD basis. However, the stock has produced a negative return of 22.22 per cent in the last six months. On 10th October 2019, SVT closed the day’s trading at $0.013, with a fall of 7.14 per cent in comparison to the last closed price.
Mobilicom Limited (ASX: MOB)
The high-tech company headquartered in Israel, Mobilicom Limited (ASX: MOB) develops, designs and delivers communication solutions for vital and remote mobile private networks that can operate without the need for existing infrastructure. The company’s products and technologies are based on an innovative methodology that merges Mobile MESH and 4G technologies. The company has two business entities, with one addressing communication in the Government and Enterprise sector and other targeting the Commercial Drone & Robotics sector (SkyHopper business entity).
Mobilicom’s Commercial Drone Upgrade Solution Surpasses $1 million Orders
The company notified via an ASX update that its Commercial Drone Upgrade Solution has surpassed its target of $1 million in orders in 2019, post a fresh repeat order in excess of $200,000. The company informed about the receipt of a repeat order from various units within Israel MOD, including Army and Navy.
In August this year, the company received and delivered on a purchase order surpassing $250,000 from Bird AeroSystems, a major supplier of airborne surveillance solutions.
Take a look at the company’s recently published financial figures for the half-year ended 30 June 2019 below:
Up till 10th October 2019, MOB has delivered returns of 25 per cent and 13.1 per cent in the last one month and three months, respectively. The stock has also produced a 1-year return of 5.56 per cent. On 10th October 2019, MOB closed the day’s trading at $0.093, with a fall of 2.1 per cent in comparison to the last closed price.
Esports Mogul Limited (ASX: ESH)
The Australian headquartered esports media and software business, Esports Mogul Limited (ASX: ESH) operates and owns the mogul.gg tournament platform. It is the most advanced pureplay online esports matchmaking and tournament platform of the world. The company’s superlative technology stack makes organising and competing tournaments for Mobile, PC and Console game titles simple.
ESH Partners with SG Esports
Mogul has recently informed about the partnership with SG Esports, which is an esports organisation with streamers, teams and community groups. SG Esports is also the commercial partner of Summoners’ Society, which is a community group with over 11,000 members playing ‘League of Legends’ in Australia.
As per Mogul, partnership with SG Esport has validated its ability to attract talent managers, community groups, tournament organisers and other esports organisations that focus on esports teams to expand its member base.
On 10th October 2019, ESH closed the day’s trading at $0.011, with a fall of 8.3 per cent in comparison to the last closed price. The stock has delivered a return of 20 per cent in the last one month. However, it has produced negative returns of 7.69 per cent and 25 per cent in the last six months and on a YTD basis.
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