Australia’s most remote locations are set to benefit from the latest investment under the Albanese Government’s National Reconstruction Fund.

Minister for Industry and Science Ed Husic today welcomed the $25 million investment in Myriota, a South Australian-based satellite telecommunications company.

This investment will create 100 highly skilled jobs in South Australia including engineers, software and hardware developers, and data networking and satellite communications professionals and supercharge sectors like mining and agriculture across the country. 

Founded in 2015, Myriota delivers intelligence on real world, field-based conditions through remote sensing, enabling businesses to monitor and manage assets in near real-time in areas without traditional internet coverage.

The investment will boost the expansion of the company’s network technologies and infrastructure, scaling its Australian-based manufacturing of advanced satellite communications modules and hardware for global export.

The technology has far-reaching everyday impact – helping farmers monitor fuel or water tanks on remote properties; assisting wind farm operators to detect faults and reduce maintenance costs; and providing near real-time asset location and enhanced situational awareness for defence forces.

The NRFC is investing in Australian businesses and projects across seven priority areas, including enabling capabilities, to help boost Aussie manufacturing capability, grow a skilled workforce and diversify our economy.

For more information, visit www.nrf.gov.au. 

Quotes attributable to the Hon. Ed Husic, Minister for Industry and Science:

“The National Reconstruction Fund is backing Aussie know-how to help manufacture critical technologies in this country. 

“South Australia is helping the country to not only rebuild its manufacturing muscle but sharpen its edge with new technologies and industries like what we’re seeing at Myriota. 

“In a country as vast and remote as ours communications and connectivity is absolutely crucial. Backing investments like this is pivotal to achieving that.”

Quotes attributable to NRFC Chair Martijn Wilder AM:

"By investing in companies such as Myriota, the NRFC is helping to commercialise Australian innovation that directly translates into high-skilled jobs and creates significant benefits for regional Australians.”

Quotes attributable to Myriota CEO Ben Cade: 

“This investment will ensure our advanced manufacturing stays here in Australia, helping to diversify the Australian economy while delivering up to 100 highly skilled jobs with the opportunity and expertise to drive global impact.”