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Vection Signs $520K AI Agritech Partnership

Vection Technologies Ltd has signed a strategic development agreement with Rider Srl to co-develop the ACRobot® modular robotics platform for open-field agriculture. The $520,000 partnership combines Vection's AI capabilities with Rider's engineering expertise, targeting transformative applications in precision farming.

The ACRobot® platform is engineered to enhance essential farming tasks, from crop surveillance to autonomous operation, aiming to reduce labour demand, boost sustainability, and maximise yields through smart automation. The potential market extends beyond developed nations, as emerging regions face increasing food demand, workforce shortages, and climate variability.

Under the agreement, Vection will develop a comprehensive AI platform to support ACRobot®, while Rider Srl will lead the mechanical design and system integration. The ACRobot® seamlessly integrates with autonomous drones, enabling coordinated ground-air operations for sophisticated applications like synchronized crop monitoring and quick response activities. By fusing terrestrial and aerial robotics with intelligent autonomy, the platform serves as a versatile solution that can transform human-machine-environment interactions across various industries.

Clarity enters a Commercial Manufacturing Agreement

Clarity Pharmaceuticals has entered into a Commercial Manufacturing Agreement with SpectronRx for its lead diagnostic product, 64Cu-SAR-bisPSMA. SpectronRx's facility in Indiana will provide on-demand commercial-scale manufacturing of both copper-64 and 64Cu-SAR-bisPSMA, enabling a seamless launch upon regulatory approval.

The agreement includes an option to expand into similar additional sites, substantially increasing the manufacturing capacity of patient-ready doses of 64Cu-SAR-bisPSMA in regional hubs throughout the US. This multi-layered and abundant supply approach is unique in the radiopharmaceutical space, overcoming the logistical issues inherent to current-generation diagnostics that rely on isotopes with shorter half-lives.

Pact Group Completes Debt Refinancing

Pact Group Holdings Ltd has successfully refinanced its senior and subordinated debt facilities, removing near-term refinancing risk and retaining capacity for planned growth projects.

The company has entered into a new senior debt facility totalling $700 million across two expiry dates in June 2028 and June 2030, as well as a subordinated debt facility of $75 million expiring in December 2030. These new facilities replace all of Pact's existing senior and subordinated debt, including the facilities that were due to expire in January 2026. As part of the refinancing, the company has slightly reduced its overall debt limits.

Horizon Oil Finalizes Financing Arrangements for Thailand Acquisition

Horizon Oil Limited has executed an amendment to its senior debt facility agreement with Macquarie Bank to fund the acquisition of interests in the Sinphuhorm and Nam Phong producing gas fields in Thailand. The acquisition, through a consortium with Matahio Energy, is expected to add approximately 2,000 boe/d to Horizon's production.

The amended senior debt facility comprises three tranches, including an increase in the Mereenie available debt and additional financing to fund the acquisition and further development of the secured assets. Horizon CEO Richard Beament commented that the finalization of the amendment provides the Group with financial flexibility and additional liquidity to fund its significant pipeline of contingent resources.

Southern Cross Electrical Wins $70M Airport and Data Centre Awards

Southern Cross Electrical Engineering Ltd, through its Heyday subsidiary, has been awarded over $70 million in new projects, including two major work packages on the Western Sydney Airport Stand Alone Facilities Project and two further packages of electrical works at a hyperscale data centre in Sydney's west.

Heyday's scope at the airport includes the design and construction of electrical, communications, ICT, security, and audio-visual systems, as well as the provision of electric vehicle chargers and photovoltaic systems. The works on these new packages are due to commence immediately and are scheduled for completion in the first quarter of 2026 for the data centre and the first quarter of 2027 for the airport project.