Robotics firmâs collapse worse than first thought
The collapse of a Queensland start-up that manufactured robotics for the military is far worse than we first thought.
Business
by CITY BEAT Anthony Marx
20th Feb 2021 5:58 AM
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The collapse of a Queensland start-up that manufactured robotics for the military is far worse than we first thought.
Sunshine Coast entrepreneur David Baird tipped his firm Praesidium Global Pty Ltd into administration last month and told City Beat at the time that it only had debts of around $250,000.
He blamed COVID-related pressures for destroying the business, which launched in 2016 and built unmanned ground vehicles for the ADF and overseas buyers.