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The CSIRO has flagged two spots in southwestern Victoria – Warrnambool and Cape Nelson – for potential above-water wave energy power generation.
The sites were selected for their wave characteristics and proximity to transmission infrastructure and separation from marine parks.
After just completing a 12-month trial in Tassie, study author Wave Swell Energy (WSE) said Australia was on the cusp of a wave-power boom and that the technology could help to reduce the price of renewable electricity and decrease dependency on battery storage.
“We’re not suggesting wave energy will replace the necessity for batteries,” WSE chief executive Paul Geason said.
“We are saying … it will reduce the necessity for the volumes currently projected in what are quite expensive storage solutions.
“One of the wonderful thing about waves is that they are more reliable and more consistent and less intermittent than other sources.”
A process of permitting and approval is required and Geason stressed the units won’t detract from community enjoyment of the coastlines and beaches.
BEYOND INTERNATIONAL (ASX:BYI)
Up 55% so far this morning is media company Beyond – which produces Mythbusters, My Kitchen Rules and Pooch Perfect.
It’s entered into a Scheme Implementation Deed pursuant where production and distribution player Banijay will acquire 100% of the share capital of the company.
Beyond is currently in production of its fourth original series with Netflix and has new commissions with Hulu, Disney+ and National Geographic.
The board has unanimously recommended that shareholders vote in favour of the scheme, and CEO and MD Mikael Borglund says joining the Banijay group would bolster the company’s standing in “an increasingly competitive market.”
Banijay CEO Marco Bassetti said that as content demand continues to soar, catalogue remains key, “and in acquiring Beyond, we would take our offering up considerably”.
“Primarily bolstering our IP and production portfolio in the English-language and factual space, with Beyond’s complementary content, the deal can enhance our position as a leading go-to for clients and commercial partners alike,” he added.
Shareholders will receive $0.7744 cash per share, representing a 57% premium to the Beyond one-month volume weighted average price up to and including 30 September 2022.
HSC TECHNOLOGY GROUP (ASX:HSC)
The software company has nabbed a $2.3m contract to supply next generation assistive technology solutions to Lendlease’s Retirement Living business as part of an upgrade and refurbishment process to the emergency call systems implemented across its retirement village portfolio, consisting of 75 retirement villages and over 16,000 residences.
All services will be delivered via HSC’s Talius Smart Care Platform as a subscription service, with the project expected to commence immediately with completion in Q1 2023.
Regtech player CV Check says its Q1 FY23 revenue was $6.9m, up 9% on the prior corresponding period (pcp), including $0.7m in SaaS revenue – a 23% increase on SaaS revenue reported in the pcp.
The company puts this revenue boost down to its strategic partnership with Scantek Solutions during the quarter to introduce biometric identity validation, automation, and AI across its operations.
The company had cash at bank of $11.1m at the end of the quarter.
The debt collection platform expects to grow its revenue from insurance clients by 150% to $5.5m in FY23, thanks to signing four contracts with new and existing insurance clients in September, including ARMA Group, Zurich Australian Insurance and two motor insurance specialists.
“As we have seen in other industries, Credit Clear is changing the way that insurance companies engage with their customers,” CEO Andrew Smith said.
“The overwhelming objective is to improve the customer experience during the payment process and Credit Clear has proven itself to be a leader in achieving better customer experiences (as measured by Net Promoter Scores), better engagement rates, recovery rates and faster end-to-end process.”
AI player Appen says it expects FY22 EBITDA and EBITDA margins to be materially lower than FY21, in the range of US$13 million to US$18 million.
The company says challenging external operating and macro conditions have resulted in weaker digital advertising revenue and a slowdown in spending by some major customers, “which has impacted ad-related programs and had a flow on impact to non-ad related programs and some core programs.”
The security platform is about to launch its indoor and outdoor HD cameras on Amazon.com.au, with availability expected by the end of October 2022.
The camera integrates with Amazon Alexa to display live security video feeds or communicate with 2-way audio, has automatic night vision, adjustable motion and sound sensitivity detection, adjustable video quality for lower speed internet connections and recordable live clips via Scout cloud storage.
Plus, the company says it’s engaged in conversations with several Australian internet service providers and value added resellers with a view to bringing Scout’s full white labeled Security-as-a-Service offering to Australia in the near future.
At Stockhead we tell it like it is. While Credit Clear is a Stockhead advertiser, it did not sponsor this article.
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