Australia's first deep sea hyperbaric testing chamber has been unveiled in Henderson, promising to slash wait times for subsea industries wanting to pressure-test their gear.
Matrix Composites and Engineering is set to produce and deliver a buoyancy system valued at approximately $44 million for a major deep-water project in Brazil.
Matrix Composities and Engineering has secured a purchase order valued at $16 million to build a buoyancy system for a major deepwater project in South America.
Henderson-based Matrix Composites and Engineering will collaborate with Fortescue Future Industries to develop equipment and materials technologies to support the business' green hydrogen plans.
The state government will soon install 10, solar-powered hand sanitiser dispensers across WA as part of a $1.5 million deal with Henderson-based outfit Matrix Composites & Engineering.
Matrix Composites & Engineering was trading 20 per cent higher this morning after announcing a new technology agreement with oil and gas major Woodside Petroleum.
Matrix Composites & Engineering announced it has signed a contract with Australasian Property Investments for the sale and leaseback of its Henderson facility.
Shareholders have welcomed Matrix Composites & Engineering's market update, as the company said it expects the half-year to June 30 to be its best six months since 2016.
A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.
Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.
Matrix Composites & Engineering has sold its engineering workshop in Malaga for $3.25 million, with the proceeds to be used to further reduce the company's debt.
Perth-based Matrix Composites & Engineering has flagged a number of redundancies and a $2.6 million impairment as it battles falling demand for its services in the tough economic climate.
Perth-based Matrix Composites and Engineering has secured $41.8 million worth of contracts for the supply of drilling user buoyancy to undisclosed clients.
Matrix Composites & Engineering has resumed dividend payments after reporting a net profit of $3.9 million on the back of a 21 per cent increase in sales revenue.
Matrix Composites & Engineering lifted its half-year profit by 29.4 per cent compared with the previous corresponding period, despite dropping 20.2 per cent in revenue.
Matrix Composites & Engineering said today that changing market conditions had resulted in production rates being below expectations and forced it to work with its lenders to ensure adequate funding.
IT should come as no surprise that the biggest and most common issue confronting a bunch of successful Western Australian companies is that of labour - getting and keeping the skills they need to meet the strong demand they are seeing.
A strong theme among Ernst & Young’s western region finalists for the Entrepreneur of the Year is the technology businesses that have developed to service the resources sector.
After listing just 18 months ago, Matrix Composites and Engineering has become a local success story, with its shares jumping from the $1 issue price to more than $9 this month.
