Minister Ed Husic Visits PIIF Investee Companies In Darwin

Minister Ed Husic

On 27th April 2023, Minister Ed Husic together with Paspalis CEO, Harley Paroulakis and Luke Gosling MP went on a site visit to Paspalis Innovation Investment Fund investee companies in Darwin.

The visit was a great showcase of the companies in the Territory and the potentials it has to offer.

SPEE3D makes metal parts the fastest way possible, leveraging metal cold spray technology to produce industrial quality metal parts in just minutes, rather than days or weeks. The process harnesses the power of kinetic energy, rather than relying on high-power lasers and expensive gasses. And for the first time, it allows the flexibility of metal 3D printing at normal production costs. Since 2019, PIIF has invested $2 million in SPEE3D, impressed by the company’s next generation of deployable metal manufacturing in the form of 3D-printed metal.

2021 Croc Pitch winner, Amphibian Aerospace Industries (AAI) showcased their Darwin hangar that was officially opened on Friday, 9th December 2022. AAI aims to be a world leader in the development and production of amphibian aerospace capabilities. Since the victory, the company has received a $1.5 million investment from PIIF, which helped them to open a research and development centre at Darwin Airport and is set to become Australia’s only manufacturer of the Albatross G-111T aircraft, which can take off and touch down from land, snow, ice and water.

About Paspalis Innovation Investment Fund

Paspalis is one of Australia’s leading private investment firms. Their business aligns its interests with those of their investors and partners for a lasting impact in Australia’s North.

Paspalis invests in both Australian and Offshore high growth companies looking to grow their businesses in the Northern Territory. When Paspalis invest, they are able to leverage their reputation, knowledge, programs and network, providing meaningful positive value to their investees.

Australian companies will be considered for investment where those companies are engaged in high growth ventures that create an economic advantage to the Northern Territory. Offshore companies will be considered for investment where those companies are prepared to relocate to the Northern Territory and/or are involved in high growth ventures that provide an economic advantage to the Northern Territory.

Learn more about PIIF and its criteria here