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ASX Tech Stocks: Two IT players merge and anyone fancy a nuclear-powered sky hotel holiday?
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- This nuclear-powered sky hotel concept could hold 5,000 passengers
- Atturra and MOQ are merging into one of Australia’s largest IT players
- Vection Technologies reports FY22 total contract value increase of $19m
Science video producer Hashem Al-Ghaili has brought to life a nuclear-powered sky hotel concept originally designed by Tony Holmsten.
Here’s what he thinks the ‘Skytanic’ could look like:
The Sky Cruise would be able to able to carry 5,000 passengers, steered by artificial intelligence, and able to glide over hectic weather systems.
And it would be powered by nuclear fusion so could theoretically (and this is all theoretical mind you) remain aloft for years without carbon emissions.
When asked to put a date for when the flight would be possible in the near future, Al-Ghaili said 2040s at the latest.
“All we need is sufficient energy for the take-off,” he told Interesting Engineering.
“That’s why nuclear energy was part of the design.
“I believe it’s a matter of time before powerful nuclear reactors become small enough to fit inside a plane that size.”
It’s pretty cool in a ‘what would happen if we mixed the Titanic with the Hindenburg and added a nuclear reactor’ kind of way.
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The IT services company is merging with MOQ (ASX:MOQ) to create one of Australia’s largest IT businesses.
MOQ Directors unanimously recommend that MOQ shareholders vote in favour of the Scheme of Arrangement, which is subject to shareholder – and the Federal Court of Australia’s – approval.
“The combination of MOQ and Atturra accelerates Atturra’s growth and is a positive step towards the fulfillment of our vision in becoming Australia’s leading IT solutions and advisory organisation,” CEO Stephen Kowal says.
“Post-acquisition Atturra plans to invest heavily in the MOQ business to accelerate its growth, and to ensure that appropriate systems and practises are in place to support the growth.”
VECTION TECHNOLOGIES (ASX:VR1)
The virtual reality and metaverse player has increased its FY22 Total Contract Value (TCV) metric to ~$19 million – and that’s not even including recurring and multi-year contracts that will be recognised during fiscal 2023.
The company also expects fiscal 2022 revenue to land at the mid-range of the revenue guidance of $17 to $19 million.
That’s an increase of over 400% compared to FY21 audited revenue of ~$3.5 million.
“During the last 12 months, we invested significantly in technology development, sales channels, global partnerships, and organisational infrastructure.” MD Gianmarco Biagi said.
“These investments will prove critical in the next 12 months, while our global brand awareness grows, and the company expands into new markets and verticals.”
Late last year VR1 unveiled its FrameS Metaverse release, as part of its app integration with Webex by Cisco.
The new features will enable organisations to autonomously build immersive metaverses, dynamic 3D worlds where people can participate in meetings from anywhere in the world.
These 3D settings will be embedded to the WebEx by Cisco platform, a video conferencer with over 590 million monthly participants.
Edtech company Schrole has signed a distribution agreement with UK-based jobs board Eteach which expands the company’s distribution channels to 2 million UK-based educators, along with two new sales distribution channels in Thailand and the UAE.
The initial term of the agreement is until 30 June 2023 with options for extension, and provides the opportunity for schools to place pay per job advertisements and an annual licence for unlimited job advertisements.
Schrole says their UK international school customers will be provided with the opportunity to promote their vacancies to UK domestic candidates from within the Schrole platform through paid advertisements on the Eteach job board.
“This will provide Schrole with the opportunity to better service UK-curriculum international schools, which represent 49% of the total international schools market,” the company said.
