News Articles for DUG Technology

An almost doubling of the initial reported value of a contract with Malaysian state-owned oil and gas giant Petronas has pushed DUG shares to an 11-month high, up 90 per cent on a month ago.

DUG Technology shares climbed more than 25 per cent after the firm inked a $36 million deal with a Malaysian multinational oil and gas company.

DUG Technology managing director Matthew Lamont is excited by the company's future, as it continues to move forward with its elastic MP-FWI imaging technology.

Our weekly appointments wrap includes Stuart Nicholls, Tony Kiernan, Peter Blackmore, Fabio Mancini, Pele Reeve, Rick McKenzie, Brad O'Donnell, Matthew Keating, and new board members and staff announcements for the Centre for Stories.

DUG Technology has announced it will raise $35.2 million, as the company aims to further accelerate its growth trajectory.

WA could be in prime position to take a leadership role in the global data economy.

Shares in high powered computing company DUG Technology have gained 10 per cent after the company posted several records in its FY24 results.

DUG Technology has signed a landmark deal to license its innovative high-powered computer immersive cooling systems to Baltimore Aircoil Company.

High performance computing firm DUG Technology plans to open a new business unit in the Middle East, which will mark the company's fourth global geographical business hub.

Government and the private sector are pushing the case for WA's defence capabilities to be better appreciated and utilised.

Local companies and people made their mark at the sector's annual awards night in Canberra.

High performance computing has been a mainstay of research institutions worldwide for five decades, turbocharging scientific invention and innovation in numerous fields.

A delegation of eight WA-based defence businesses will head to London this week to showcase their products on the world stage alongside Defence Industry Minister Paul Papalia.

The state government will invest more than $148 million in 40 projects state-wide, with DUG Technology, Austin Engineering, Kimberley Cotton Company and Stanley International College among the winners.

Dug Technology had millions tied up with Silicon Valley Bank before its collapse, but is not expecting any financial loss after the US Federal Reserve assured customer deposits would be secured.

A handful of Perth-based tech companies have sought to quell speculation of their exposure to prominent tech lender Silicon Valley Bank following its collapse at the weekend.

Limitless: WA could become a globally significant supercomputing hub on the back of the $3 billion Square Kilometre Array development.

DUG Technology has secured contracts valued at $US24m ($A35m) five months into the financial year, setting it on track to exceed its total revenue for FY22.

Our board moves wrap includes Linda O'Farrell, Matthew Logan, John Arbuckle, David Peterson, Frank Sciarrone, Wayne Martin, Stuart Ausmeier, Craig Mitchell, Nick Palmer, Timothy Hantke, Maddison Cramer, Jessamyn Lyons, Alexandra Andrews, Simon Peters, Richard Buerger, Jason Bontempo, Simon Mottram, Cain Fogarty, Darren Smorgon, Ryan Sofoulis, Guido Belgiorno-Nettis, and Christopher Cook.

The super sector in WA has changed before Frank Sciarrone's eyes.

New research covering more than 600 businesses paints the most detailed picture assembled of WA's startup and tech sectors.

Limitless WA: With a market capitalisation of around $100 million, DUG Technology has grown from a backyard operation to now planning a huge supercomputer in the Mid West.

Personnel cuts, executive pay deferrals and reducing office space will be part of a $US4.2 million savings drive for DUG Technology.

Our weekly appointments wrap includes Ben Dwyer, Mark Wiedermann, Coralie Bishop, Greg Haskis, Enzo Evangelista and Gareth Jones.

Supercomputing business DUG Technology has raised funds from a discounted share placement to expand into the military, space, and renewables markets.

ASX-listed DUG Technology is filing patents for a hydrogen energy storage system which it hopes to use to support a supercomputer project in Geraldton.

Our board moves wrap includes Michael Malone and Sandra Dodds.

A huge supercomputer is planned in Geraldton by ASX-listed DUG Technology, with an intended capacity of 200 petaflops and adding to the pipeline of new compute power in WA.

Local computing company DUG Technology has signed an agreement with CSIRO to provide high-performance computing and storage services for two years.

The state's former chief justice has spoken out about the overrepresentation of Aboriginal people in the justice system and the role he believes sport could have in rectifying that.

DUG Technology has reported first-half revenue of $24.2 million as the company continues to recover its earnings to pre-COVID-19 levels.

Our board moves wrap includes Christopher Swallow, Jacqueline Barry, Simon Davey, Harley Grosser, Nathan Maxwell-McGinn, Todd Hannigan, and Tom Todd.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

Some of WA's most successful tech companies have deep roots in the resources sector. GLX Digital is planning to join them.

How should WA prepare for a productivity revolution driven by data science and machine learning?

Our weekly appointments wrap includes Kate Glancy, Moshe Hukaylo, Andrew Francis, Bhavesh Morar and David Sumich.

Our board moves wrap includes Phil Schwan, Charles Ramsden, and Rocky Smith.

High-performance computing company DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology.

Perth-founded supercomputing company DUG Technology has performed well on its first day of trading, listing two weeks ahead of schedule and closing 7.4 per cent higher.

Building a supercomputing facility in Australia to rival the world's biggest is among DUG Technology founder Matt Lamont's ambitious goals, to which end the company has announced a $26 million initial public offering.