Latest Product Expansion News

Electrovaya will invest approximately A$2.0 million in Janus Electric through a proposed placement, while Janus has placed initial battery orders worth about A$37.5 million for its North American truck programme. The investment remains subject to completion conditions, and the battery orders depend on agreed delivery schedules.

Janus Electric has secured a repeat A$3.1 million order from California operator King Fio Trucking, lifting its North American order book to 124 trucks. The expansion reuses existing charging and battery-swapping infrastructure, but remains conditional on California incentive approval.

Janus Electric has signed a non-binding MOU with ConGlobal for a proposed 20-truck Class 8 conversion pilot in Texas. A successful pilot could open a pathway to conversion, battery-swapping and servicing operations across ConGlobal’s 31 US depots, although no binding orders or commercial terms have been agreed.

Janus Electric has secured A$11 million in Commonwealth Bank facilities to fund working capital, equipment and production expansion as it prepares to deliver its 118-truck North American order book. The first US conversions are scheduled for 2Q FY2, subject to applicable conditions.

Beach Energy has agreed to spend A$25 million in cash and carry A$90 million of exploration costs to expand its Taroom Trough footprint to 1,481 km2. The deal gives Beach operatorship of key permits, but remains subject to approvals and pre-emptive rights.

IKE has lowered its previously indicated FY27 subscription revenue growth expectation of about 35%, citing contract timing rather than weaker demand or churn. The NZX and ASX-listed software company still expects its subscription exit run rate to grow by more than 30% by March 2027, while three new products remain on track for launch.

Jatcorp’s revenue rose 23% to $38.9 million in FY2026, but weaker margins, negative operating cash flow and a material going-concern uncertainty leave the nutritional products maker’s recovery unfinished. The company ended the year with $5.6 million in cash after a $4.2 million entitlement offer, while Neurio trademark litigation in China remains unresolved.

TradeWindow is targeting 13% to 18% revenue growth in FY27 and expects to approach EBITDA breakeven, while preparing to shift its primary listing from the NZX to the ASX. The freight software company also reported rising recurring revenue, stronger customer economics and NZ$4.0 million in cash at 30 June 2026.

BluGlass has agreed an A$8.0 million R&D-backed loan with Rockford, refinancing its existing Radium facility and adding about A$5.5 million of liquidity. The funding gives the laser developer more room to scale, but carries a 16.5% interest rate and repayment obligations tied to future tax refunds.

Tuas Limited (ASX:TUA) delivered a sharp FY2026 earnings lift as Simba’s mobile and broadband subscriber base expanded, with statutory profit rising 277% to S$26.0 million. The result arrives with the M1 acquisition abandoned, S$364.5 million raised but not yet allocated, and an unresolved Singapore spectrum investigation.

Globe International increased FY2026 EBIT and net profit despite almost no revenue growth, as a tighter brand portfolio improved margins across all three regions. The ASX-listed group also lifted its fully franked annual dividend to 23 cents per share and ended the year with A$26.7 million in cash.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.