Tradiebot announces new board member
Automotive repair technology startup Tradiebot has announced Dr Matthew David as the newest member of its executive board.
US manufacturer Klein Tools acquires Australian electrician equipment company
Electrician equipment company Klein Tools, headquartered in Illinois, US, has acquired ElMako, parent company of the Wattmaster and Alco brands.
Australian Space Agency boss signals astronomical plans for industry
The Head of the Australian Space Agency has outlined her vision for the Australian space industry during a talk at the University of South Australia.
Gilmour Space unveils ‘One Vision’ rocket
Queensland’s Gilmour Space Technologies has unveiled its latest rocket and named it ‘One Vision’. The nine-metre tall rocket, which will be launched later this month from a private property in far north Queensland, will be carrying payloads from universities in Singapore and Australia. CEO Adam Gilmour said: “One Vision is a scaled version of our…
EOS joins the big league
Canberra-based Electro Optic Systems (ASX: EOS) has joined the list of Australia’s top 40 defence contractors published by the prestigious Australian Defence Magazine. The company, which makes laser systems to track space debris, optical telescopes, and remotely operated weapons (ROW) systems, is the country’s third largest SME defence business. EOS Defence CEO Grant Sanderson told…
SMEs little changed by banking royal commission
By Peter Roberts The banking royal commission has given little hope of change for small business dealings with the banks. Commissioner Hayne did not recommend extending consumer protections to SMEs, though there are avenues open to legislators that might beef up existing protections. Hayne said: “With some exceptions, I generally do not favour altering the…
Austal massively increases revenue forecast
Perth shipbuilder Austal (ASX: AST) has massively increased its earnings guidance for this financial year. In an announcement to the exchange it dramatically upped sales guidance from $1.3 billion for the year to $ 1.9 billion. @AuManufacturing reported earlier this month that the company was building a major sustainment business for the ships it was…
CSL – the star performer in manufacturing
Analysis by Peter Roberts Blood and vaccine product company CSL (ASX: CSL) is living proof that manufacturing can not only prosper from an Australian base, but can find support among Australian investors. The company along with medical device makers, Cochlear and ResMed, stands alone in an investment landscape that otherwise is patchy in its support…
Talga Resources makes progress in graphene
Australian minerals technology company, Talga Resources (ASX: TLG) is progressing development of its graphene resources with potential end users in Europe and the Asia. The company announced that its December quarter saw intensified R&D activities, deepening alliances and new commercial agreements. Talga managing director, Mark Thompson said test results of several graphene battery products during…
De.mem reports increased sales
Singapore-Australian water and wastewater treatment company, De.mem (ASX: DEM), achieved sales growth of 262 per cent in 2019, according to a company announcment. The company, which produces membrane filtration systems in Singapore and Queensland, recorded revenues of $10.5 million in the year, up from $2.9 million in 2017. De.mem chief executive, Andreas Kroell said: “(Calendar…