Defence, space and communications group Electro Optic Systems (ASX: EOS) has bought US space business Audacy Corporation for $10 million in cash. The Canberra company’s subsidiary EOS Defence Systems USA Inc purchase of Audacy is part of a strategy to widen the remit of EOS’s operations in the United States. The chairman of EOSDS John…
There has been a series of successful IPOs for high-tech Australian manufacturing companies in recent months, including Carbon Revolution, K-Tig and Amaero Engineering. 3D printing bureau AML3D hopes to add to this, with a place on the ASX planned for March. Founder and managing director Andy Sales agrees that investors are keen on sophisticated manufacturers…
By Peter Roberts Australia’s slide down the list of leading developed nations has been dramatically confirmed with the Australia Day weekend coinciding with evidence of a fall in our national innovation effort. The highly respected Bloomberg innovation index saw Australia slip to number 20 in the world on its ranking of innovation (table below). Australia…
One of Australia’s leading industry policy experts Emeritus Professor Roy Green has decried the lack of properly resourced industry policies to capitalise on areas where we have competitive advantage. Green told ABC radio a lack of a manufacturing culture partly caused by years of policy neglect was the over-riding factor in Australia’s weak manufacturing sector.…
