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ASX Tech Stocks: DIY painless tattoo patches are now a thing and two tech players nab O&G deals
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- You can now get painless and bloodless tattoos thanks to these researchers
- Harvest Technology Group nabs second contract with Beach Energy for smart buoys
- Recuitment software player LiveHire secures a deal with a Fortune 500 O&G client
Instead of sitting in a tattoo parlour for hours enduring painful punctures you can now DIY your own tattoo – and not in a “my cousin Steve can do it in his kitchen, don’t worry he’s only had three beers” kind of way.
Researchers at the Georgia Institute of Technology have developed low-cost, painless, and bloodless tattoos that can be self-administered with a skin patch containing microscopic needles.
Microneedle tech is nothing new. It’s been used to painlessly administer drugs and vaccines to the skin without the need for hypodermic needles for years.
But used in tattoos, it could have applications from medical alerts to tracking neutered animals to cosmetics.
“We’ve miniaturized the needle so that it’s painless, but still effectively deposits tattoo ink in the skin,” principal investigator on the paper Mark Prausnitz said.
“This could be a way not only to make medical tattoos more accessible, but also to create new opportunities for cosmetic tattoos because of the ease of administration.
“The goal isn’t to replace all tattoos, which are often works of beauty created by tattoo artists.
“Our goal is to create new opportunities for patients, pets, and people who want a painless tattoo that can be easily administered.”
Who’s got tech news out today?
HARVEST TECHNOLOGY GROUP (ASX:HTG)
Harvest has nabbed its second contract with Beach Energy to embed its ultra-low bandwidth and secure Nodestream technology in smart buoys to improve offshore operations and asset monitoring.
The company says the bespoke solution for the $200k contract will enable Beach to capture and process data from subsea assets in near real time at a fraction of the cost of traditional monitoring methods.
“Expanding our relationship with Beach with this new contract illustrates how Harvest’s Nodestream technology platform and its capabilities can be embedded in smart buoys to improve offshore oil and gas operations,” group CEO Paul Guilfoyle said.
“Customers demand for smarter remote operations to reduce the costs of monitoring or conducting inspections using traditional methods of personnel, vessels and subsea robots is growing. Our agnostic solutions help customers achieve this cost-effectively through low-bandwidth consumption.”
Another O&G contract, this time for software recruitment company LiveHire, who’ve nabbed a deal with a Fortune 500 oil and gas client via Hiregenics.
It’s a bit secret squirrel, as they won’t directly name the end client, but apparently that company spends more than US$500m per year on contingent hiring which LiveHire estimates at an approx. US$345m in payroll spend – the amount for which LiveHire charges 1-2% of all hires made on platform.
The mysterious end client has targeted at least 25% of their contingent labour requirements to be hired on LiveHire’s platform.
If this eventuates, LiveHire estimates the contract will generate approximately $1.3 million annually to the company at full ramp.
The 3D printed parts company has expanded the scope of its contract with NYSE-listed Boeing, building on the June 2021 tooling component order and March 2022 facilities inspection to now include the next phase of 3D metal printed aeroplane parts.
The company says this has increased the value of the July contract by an additional 150%.
“The expanded purchase contract is strategically important as it moves AML3D towards being embedded into Boeing’s supply chain, which aligns with the delivery of our growth targets for the Aerospace sector,” MD Andrew Sales said.
Sales said the company’s expansion into the Aerospace and Defence sectors is underpinned by its progress towards the implementation of the Aerospace Quality Management System, AS9100D:2016 Accreditation, which will enable AML3D to manufacture ‘fly parts’ for use in aircraft.
When fully implemented, this would make the company only the second 3D wire feedstock additive manufacturing company in the world to achieve the standard.
Another player in the aerospace and defence sector, Orbital UAV has announced an order from US defence technology company AeroVironment for the supply of its newest heavy fuel engine for assessment.
AeroVironment are one of the contenders for the US Army’s Future Tactical Unmanned Aircraft Systems (FTUAS) tender process, a program that has been valued at up to US$1 billion.
“Orbital UAV has had a long-term strategy to track this program and has built relationships with several suppliers down selected in the Army’s acquisition process,” CEO and MD Todd Alder says.
“This order from AeroVironment further establishes Orbital UAV’s positive position in relation to the program.”
The engine for assessment will be delivered in H2 FY23.
WOOBOARD TECHNOLOGIES (ASX:WOO)
Wellness tech platform Wooboard has executed the licence agreement with Argentinian-based Slik where WOO will be the exclusive reseller of Slik’s products in the APAC region, while Slik will be a reseller of Sixty in the Latin region.
WOO says it will soon be paying the first of the three tranches owing to Slik of US$266,666.67 per tranche from existing cash reserves.
The initial term of the licence is for five years, which will automatically renew for an additional 30 years if the licence conditions precedent are satisfied two months prior to the end of the initial term.
HTG, LVH, AL3, OEC and WOO share prices today:
At Stockhead we tell it like it is. While Orbital UAV is a Stockhead advertiser, they did not sponsor this article.
