Nanosatellite company announces first commercial IOT product
Satellite communications company Myriota has announced the first of a string of commercial products that will utilise its low-cost earth-to-satellite transmission technology.
Fleet Space lures manufacturers with global connectivity
Adelaide nanosatellite builder and operator, Fleet Space Technology, has thrown open its array of small satellites to manufacturers wishing to connect their operations and devices. The company has launched a website seeking applications from companies and will connect up to one million devices at a cost of US$2.00 (Aud$2.75) per device, per year. Applications are…
Australian manufacturing starts year by returning to growth
The Australian Industry Group’s monthly Performance of Manufacturing Index recorded a result of 52.5 in January, indicating “a very mild recovery” compared to December.
Liquid Instruments revolutionises laboratory equipment
Precision laboratory test instrument manufacturer, Liquid Instruments has raised $11.1 million in Series A venture capital funding. The company, which developed a software configurable hardware platform that integrates 12 test and measurement instruments in one, raised the funds from US-based Anzu Partners and Canberra’s ANU Connect Ventures. The funds will accelerate product development and sales…
Global markets beckon for Krix loudspeakers
By David Sly Specialisation in niche manufacturing can connect South Australian companies with a keen global market – if their products are good enough, competitive in price and backed by an unwavering commitment to research and development. Elite loudspeaker manufacturer Krix has enjoyed sustained success through 45 years, a family company that is still based…
Eden Innovations raises $9.8 million
Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) is to raise $9.8 million from a placement and a rights issue. The company, which makes the EdenCrete high performance concrete additive, will raise up to $1.5 million from a placement to sophisticated investors, and $8.4 million from a rights issue. The placement will carry an…
Family-owned cheesemaker announces relocation to Northern Adelaide Food Park
La Casa Del Formaggio, a cheese-making business established in 1988 and employing over 120, will move from Glynde to the food manufacturing hub at Edinburgh.
Mako makes waves with tidal energy
Tidal power developer, Mako Tibal Turbines has shown how viable local development and manufacture can be for engineering products.. The company has spent $16 million at its Sydney factory developing its modular and scalable tidal power generators, recently installed in the Port of Gladstone. Managing director Douglas Hunt said in an interview his strategy had…
Private equity giant joins agtech start-up
Former private equity giant, Tony Schultz has joined Adelaide agtech start-up Availer as chairman. Schultz was former managing director of global investment firm Kholberg Kravis Roberts (KKR), a firm with close to $200 billion under management. Schultz first began working with Availer a year ago through connections at the University of Adelaide’s Center for Nanoscale…
Incitec Pivot hit by two plant outages
Plant failures at fertilizer manufacturer Incitec Pivot (ASX: IPL) plants in Australia and the United States are now hitting the company’s bottom line hard. The company announced that outages at its Louisiana and Phosphate Hill plants are expected to cut earnings before interest and tax (EBIT) by $45m for the financial year ending 30 September.…