Duyuru • Jul 15
Advanced Innergy Solutions Limited completed the acquisition of Matrix Composites & Engineering Ltd (ASX:MCE). Advanced Innergy Solutions Limited proposed to acquire Matrix Composites & Engineering Ltd (ASX:MCE) for AUD 89.5 million on March 30, 2026. A cash consideration of AUD 89.52 million will be paid by Advanced Innergy Solutions Limited. As part of consideration, AUD 89.52 million is paid towards common equity of Matrix Composites & Engineering Ltd. As of April 7, 2026, an exclusivity deed has been entered into. As of April 20, 2026, Advanced Innergy Solutions Limited entered into a scheme of arrangement to acquire Matrix Composites & Engineering Ltd.
The transaction is subject to consummation of due diligence investigation, approval by regulatory board / committee and approval of offer by acquirer board. The transaction was approved unanimously by the target board. As of May 19, 2026 the transaction has been approved by Foreign Investment Review Board. As per the announcement dated June 3, 2026 the Federal Court of Australia has granted permission for the Matrix to convene a shareholder meeting and send the Scheme Booklet to its shareholders to vote on the proposal. As of June 23, 2026, Subject to Matrix Shareholders approving the Scheme Resolution by the Requisite Majorities at the Scheme Meeting scheduled to be held on July 6, 2026, and the Court hearing to approve the Scheme is scheduled to take place on 13 July 2026 in the Federal Court of Australia. As of July 6, 2026 the deal has been approved by the target shareholders. As of July 13, 2026 the Federal Court of Australia has approved this deal.
Azure Capital Pty Ltd. acted as financial advisor for Matrix Composites & Engineering Ltd. Gilbert and Tobin acted as legal advisor for Matrix Composites & Engineering Ltd. Henslow Pty. Ltd. acted as financial advisor and MinterEllison acted as legal advisor to Advanced Innergy Solutions Limited. BDO Corporate Finance Australia Pty Ltd, Investment Arm acted as fairness opinion for Matrix Composites & Engineering Ltd. MUFG Corporate Markets acted as registrar for Matrix Composites & Engineering Ltd.
Advanced Innergy Solutions Limited completed the acquisition of Matrix Composites & Engineering Ltd (ASX:MCE) on July 14, 2026. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$80.6m market cap, or US$55.2m). Duyuru • Mar 30
Advanced Innergy Solutions Limited proposed to acquire Matrix Composites & Engineering Ltd (ASX:MCE) for AUD 89.5 million. Advanced Innergy Solutions Limited proposed to acquire Matrix Composites & Engineering Ltd (ASX:MCE) for AUD 89.5 million on March 30, 2026. A cash consideration of AUD 89.52 million will be paid by Advanced Innergy Solutions Limited. As part of consideration, AUD 89.52 million is paid towards common equity of Matrix Composites & Engineering Ltd.
The transaction is subject to consummation of due diligence investigation, approval by regulatory board / committee and approval of offer by acquirer board. Duyuru • Feb 25
Matrix Composites & Engineering Ltd to Report First Half, 2026 Results on Feb 27, 2026 Matrix Composites & Engineering Ltd announced that they will report first half, 2026 results on Feb 27, 2026 Major Estimate Revision • Nov 28
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$89.0m to AU$86.6m. Now expected to report a loss of AU$0.0025 per share instead of AU$0.0015 per share profit previously forecast. Energy Services industry in Australia expected to see average net income growth of 19% next year. Consensus price target down from AU$0.26 to AU$0.25. Share price rose 9.5% to AU$0.23 over the past week. Buy Or Sell Opportunity • Nov 24
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to AU$0.22. The fair value is estimated to be AU$0.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Sep 25
Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 25, 2025 Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 25, 2025. Price Target Changed • Sep 03
Price target decreased by 9.3% to AU$0.26 Down from AU$0.29, the current price target is an average from 2 analysts. New target price is 15% above last closing price of AU$0.23. The company is forecast to post earnings per share of AU$0.0015 next year compared to a net loss per share of AU$0.01 last year. New Risk • May 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 60% per year for the foreseeable future. High level of non-cash earnings (106% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$50.4m market cap, or US$32.7m). Duyuru • May 20
Advanced Innergy Solutions Limited signed a letter of intent to acquire Matrix Composites & Engineering Ltd (ASX:MCE) in a reverse merger transaction Advanced Innergy Solutions Limited signed a letter of intent to acquire Matrix Composites & Engineering Ltd (ASX:MCE) in a reverse merger transaction on May 18, 2025. The consideration consists of common equity of Advanced Innergy Solutions Limited to be issued for common equity of Matrix Composites & Engineering Ltd.
The Board of Matrix has advised Matrix shareholders to take no action. New Risk • Feb 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 102% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 60% per year for the foreseeable future. High level of non-cash earnings (102% accrual ratio). Minor Risk Market cap is less than US$100m (AU$43.6m market cap, or US$27.1m). Price Target Changed • Feb 27
Price target decreased by 24% to AU$0.29 Down from AU$0.38, the current price target is an average from 2 analysts. New target price is 38% above last closing price of AU$0.21. Stock is down 39% over the past year. The company posted earnings per share of AU$0.017 last year. Duyuru • Feb 26
Matrix Composites & Engineering Ltd Announces Board and Executive Changes Matrix Composites & Engineering Ltd. announced the appointment of Mr. Stephan Kirsch as a Non-Executive Director of the Company. Mr. Kirsch is a highly experienced executive with over 25 years of experience in the mining, mineral processing, and manufacturing industries. He has held executive and senior management roles with prominent mining service companies, including Metso Outotec Group, Hofmann Engineering, and ThyssenKrupp Industrial Solutions. Mr. Kirsch currently holds an executive role with FLSmidth as President for APAC and serves as a Non-Executive Director of GMA Garnet Group. After nearly 11 years of dedicated service to Matrix, Mr. Steven Cole will be retiring from his position as Non-Executive Director on 28 February 2025. Mr. Cole has been a significant contributor to the Company's development and transformation throughout his tenure, including his role as Chair of the Audit Committee. In this capacity, he provided invaluable leadership through the challenging COVID period and oversaw the implementation of the Company's significant Corporate Governance Framework. The Board and management express their sincere gratitude for Mr. Cole's extensive contributions and unwavering commitment to Matrix. Matrix also advises that newly appointed General Counsel, Mr. John Louden, has been appointed as Joint Company Secretary of Matrix. Mr. Louden is a commercial lawyer with over 20 years of experience in both private practice and commercial organisations. Following 10 years with Jackson McDonald and Norton Rose, Mr. Louden held a similar role as General Counsel and Company Secretary with Neptune Marine Services for four years. Most recently, he was General Counsel with Quintis. Duyuru • Feb 24
Matrix Composites & Engineering Ltd to Report First Half, 2025 Results on Feb 26, 2025 Matrix Composites & Engineering Ltd announced that they will report first half, 2025 results on Feb 26, 2025 New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (AU$54.8m market cap, or US$33.7m). Buy Or Sell Opportunity • Dec 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to AU$0.27. The fair value is estimated to be AU$0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Major Estimate Revision • Nov 12
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$96.5m to AU$89.5m. Now expected to report a loss of AU$0.006 per share instead of AU$0.017 per share profit previously forecast. Energy Services industry in Australia expected to see average net income growth of 21% next year. Consensus price target down from AU$0.44 to AU$0.39. Share price fell 14% to AU$0.25 over the past week. Buy Or Sell Opportunity • Nov 12
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to AU$0.25. The fair value is estimated to be AU$0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Duyuru • Sep 25
Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 21, 2024 Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 21, 2024. Buy Or Sell Opportunity • Sep 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: AU$0.017 (vs AU$0.052 in FY 2023) Full year 2024 results: EPS: AU$0.017 (down from AU$0.052 in FY 2023). Revenue: AU$85.0m (up 80% from FY 2023). Net income: AU$3.65m (down 58% from FY 2023). Profit margin: 4.3% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to AU$0.33. The fair value is estimated to be AU$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Aug 27
Matrix Composites & Engineering Ltd to Report Fiscal Year 2024 Results on Aug 29, 2024 Matrix Composites & Engineering Ltd announced that they will report fiscal year 2024 results on Aug 29, 2024 Buy Or Sell Opportunity • Apr 24
Now 24% undervalued Over the last 90 days, the stock has risen 19% to AU$0.35. The fair value is estimated to be AU$0.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock has risen 13% to AU$0.36. The fair value is estimated to be AU$0.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Feb 26
Price target increased by 31% to AU$0.42 Up from AU$0.32, the current price target is provided by 1 analyst. New target price is 35% above last closing price of AU$0.31. Stock is down 6.1% over the past year. The company posted earnings per share of AU$0.052 last year. Duyuru • Feb 21
Matrix Composites & Engineering Ltd to Report First Half, 2024 Results on Feb 23, 2024 Matrix Composites & Engineering Ltd announced that they will report first half, 2024 results on Feb 23, 2024 Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Chris Sutherland was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 07
Consensus EPS estimates increase by 80% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$81.0m to AU$85.0m. EPS estimate increased from AU$0.005 to AU$0.009 per share. Net income forecast to shrink 77% next year vs 30% growth forecast for Energy Services industry in Australia . Consensus price target up from AU$0.32 to AU$0.34. Share price rose 8.3% to AU$0.26 over the past week. New Risk • Oct 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 63% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (AU$54.9m market cap, or US$34.8m). Duyuru • Sep 27
Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 23, 2023 Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 23, 2023. Agenda: To consider election or re-election of Directors. Duyuru • Sep 07
Matrix Composites & Engineering Ltd. Announces Executive Changes Matrix Composites & Engineering Ltd. advised that Caitlin Flaherty has been appointed as Joint Company Secretary of the Company effective 6September 2023. The Company also advises that Paul Hardie has resigned as Joint Company Secretary effective 6 September 2023. Reported Earnings • Sep 02
Full year 2023 earnings released: EPS: AU$0.052 (vs AU$0.033 loss in FY 2022) Full year 2023 results: EPS: AU$0.052 (up from AU$0.033 loss in FY 2022). Revenue: AU$47.2m (up 65% from FY 2022). Net income: AU$8.68m (up AU$13.5m from FY 2022). Profit margin: 18% (up from net loss in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 95% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (AU$54.5m market cap, or US$35.3m). Buying Opportunity • Jun 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be AU$0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 210% in 2 years. Earnings is forecast to decline by 100% in the next 2 years. New Risk • Jun 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 95% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 95% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (AU$62.2m market cap, or US$42.6m). Recent Insider Transactions • Mar 09
Insider recently sold AU$1.4m worth of stock On the 7th of March, Michael Piperoglou sold around 4m shares on-market at roughly AU$0.35 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 02
First half 2023 earnings released: EPS: AU$0.069 (vs AU$0.037 loss in 1H 2022) First half 2023 results: EPS: AU$0.069 (up from AU$0.037 loss in 1H 2022). Revenue: AU$11.8m (down 14% from 1H 2022). Net income: AU$10.0m (up AU$13.9m from 1H 2022). Profit margin: 85% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 06
Matrix Composites & Engineering Ltd announced that it has received AUD 7.485 million in funding from Collins St Asset Management Pty Ltd Matrix Composites & Engineering Ltd announced a private placement and entered into an agreement with Collins Street Convertible Note Fund, managed by returning investor Collins St Asset Management Pty Ltd to issue convertible note for gross proceeds of AUD 7.485 million on December 5, 2022. The notes issued are having a 10.5% fixed coupon rate and 3-year term to maturity, on December 5, 2025. The notes are secured and convertible in full or part at the election of Collins St Asset Management Pty Ltd at AUD 0.35 per share, which is a 64% premium to company’s 14-day volume weighted average price of AUD 21.3 cents per share. The company has discretion to redeem the Note, no earlier than 6 months after the issue date but prior to maturity, by repaying the outstanding amount at any time in full. The notes issued at an issue price of AUD 1 per note. The number of equity securities to be issued upon conversion, being 21,385,715 ordinary fully paid shares. The conversion price is subject to dilutionary adjustment if company raises equity at less than AUD 0.45 per share. The company will pay an establishment fee of 3%. Duyuru • Sep 20
Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 17, 2022 Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 17, 2022. Duyuru • Sep 02
Matrix Composites & Engineering Ltd Provides Revenue Guidance for 2023 Matrix Composites & Engineering Ltd. expect strong revenue growth to continue into Fiscal Year 2023. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.033 loss per share (vs AU$0.27 loss in FY 2021) Full year 2022 results: AU$0.033 loss per share (up from AU$0.27 loss in FY 2021). Revenue: AU$28.6m (up 63% from FY 2021). Net loss: AU$4.78m (loss narrowed 83% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: AU$0.037 loss per share (up from AU$0.068 loss in 1H 2021). Revenue: AU$13.7m (up 70% from 1H 2021). Net loss: AU$3.89m (loss narrowed 44% from 1H 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 299%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Duyuru • Feb 26
Matrix Composites & Engineering Ltd. Provides Revenue Guidance for the Fiscal Year 2023 Matrix Composites & Engineering Ltd. provided revenue guidance for the fiscal year 2023. The company expects to continue its positive trajectory to deliver significant revenue growth into fiscal year 2023. Reported Earnings • Sep 04
Full year 2021 earnings released: AU$0.27 loss per share (vs AU$0.65 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$17.6m (down 36% from FY 2020). Net loss: AU$27.9m (loss narrowed 57% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Duyuru • Sep 03
Matrix Composites & Engineering Ltd Provides Revenue Guidance for the Fiscal Year 2022 Matrix Composites & Engineering Ltd. provided revenue guidance for the fiscal year 2022. The company expects to maintain positive momentum to deliver strong revenue growth in fiscal year 2022. Recent Insider Transactions • Jul 29
Insider recently sold AU$103k worth of stock On the 26th of July, Vasilios Piperoglou sold around 707k shares on-market at roughly AU$0.14 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$59k more than they bought in the last 12 months. Duyuru • Feb 25
Matrix Composites & Engineering Ltd to Report First Half, 2021 Results on Feb 26, 2021 Matrix Composites & Engineering Ltd announced that they will report first half, 2021 results on Feb 26, 2021 Duyuru • Feb 04
Matrix Composites & Engineering Ltd Wins Development Contract from the WA Government Matrix Composites & Engineering Ltd. announced that it has secured a contract from the Western Australian State Government ("WA Government") to produce two prototypes and up to 10 solar-powered bulk hand sanitiser dispensers (SOLSANTM) for use in public spaces within WA. Matrix will receive $1.5 million in funding from the WA Government to design, manufacture and operate the 10 SOLSAN units. SOLSAN, a Matrix innovation, has been developed to assist with the WA Government's response to the COVID-19 pandemic. Duyuru • Feb 02
Matrix Composites & Engineering Ltd Secures A Contract with Newcrest Mining to Develop High-Tech Solution for Its Cadia Gold Mine in New South Wales Matrix Composites & Engineering Ltd. announce it has secured a contract with Newcrest Mining ("Newcrest") to develop a high-tech solution for its Cadia gold mine in New South Wales. Under the scope of the works, Matrix will utilise its expertise in advanced materials technology to develop a composite replacement for steel componentry within their block caving operations at Cadia. The scope of works for product development, with a contract value of up to approximately $0.5 million, will commence immediately and is planned for completion in October 2021. If the development work is successful, it is intended that Matrix would manufacture the full-scale solution at its facility in Henderson, Western Australia for supply directly to Newcrest. The contract aligns with Matrix's strategy to increase penetration of its advanced materials technologies into operations and brownfields projects. It follows a recent agreement with Woodside Petroleum to provide technology development services, utilising the Company's expertise in advanced materials technology, composite materials and advanced manufacturing. Duyuru • Dec 10
Matrix Composites and Engineering Ltd Appoints Chris Sutherland as Director Matrix Composites and Engineering Ltd. announced the appointment of Chris Sutherland as a director of the company. Duyuru • Dec 04
Matrix Signs 3 Year Technology Agreement with Woodside to Provide Engineering Services Matrix Composites & Engineering Ltd. announced it has signed an agreement with the leading Australian natural gas producer to provide technology development services. Under the framework agreement with Woodside Energy Technologies, a wholly owned subsidiary of Woodside Petroleum Limited, Matrix will provide engineering services, utilising its expertise in advanced materials technology, composite materials and advanced manufacturing. The Matrix scope of services ranges from concept to commercialisation and includes detailed design and engineering, management and execution of research and development projects, specialised testing, prototyping and manufacturing. There is no minimum contract value, with all work to be provided on an agreed schedule of rates. The agreement is for three years with two one-year options to extend. Duyuru • Aug 26
Matrix Composites & Engineering Ltd to Report Fiscal Year 2020 Results on Aug 31, 2020 Matrix Composites & Engineering Ltd announced that they will report fiscal year 2020 results at 3:21 AM, GMT Standard Time on Aug 31, 2020 