Australian biomedical imaging startup in $3.5 million Series A
Biotech startup Ferronova has held a $3.5 million Series A round.
Biotech startup Ferronova has held a $3.5 million Series A round.
Analysis by Peter Roberts It is well understood, by everyone everyone except the Coalition government in Canberra, that solar PV and wind are now cheaper than coal-fired electricity, the result of rapidly falling equipment prices. In fact in some countries, including Australia, green power is cheaper than gas. Now a new study suggests that hydrogen…
Traffic Technologies fails to declare a dividend in volatile year Traffic light and road signage group Traffic Technologies has failed to declare a dividend in the 2020 financial year, booking earnings before interest and tax (EBIT) down 402 per cent to $11.4 million. Revenue was down eight per cent to $44.5 million. The results included…
A ‘WarpSPEE3D’ 3D metal printer has been camouflaged as it continues to be deployed and put through its paces by the Australian Army in the extreme heat and humidity of the Northern Territory. Made by SPEE3D, the WarpSPEE3D uses cold spray technology for faster and more cost-effective metal part production at speeds of 100 grams…
Hearing implant manufacturer Cochlear is pressing ahead with construction of its first Chinese manufacturing plant in Chengdu in Sichuan province (pictured). The $90 million investment was announced in 2017 ‘to facilitate local market growth and provide additional manufacturing support for products in China and emerging markets’, according to the company. It is believed the plant…
By Professor Shams Rahman and Dr Kamrul Ahsan The COVID-19 pandemic has caused unprecedented damage to the global economy, with the federal government naming advanced manufacturing as one of six sectors of strategic importance for future growth. This sector accounts for approximately half of Australia’s $100 billion plus annual manufacturing output, with the Australian industry…
Glass Recycling has been granted a works approval from EPA Victoria to expand its Dandenong South operation, intending to increase processing from 10,000 tonnes to 60,000 tonnes a year.
Unmanned aircraft engine manufacturer Orbital achieved earnings before interest and tax of $2.6 million on revenue up in what was a transformative year for the company to $33.8 million. The Perth company was named primary engine supplier to Boeing subsidiary Insitu during the year and brought its second Insitu engine model into production. A third…
Composites manufacturer Quickstep Holdings grew sales, margins and profits in the 2020 financial year as all key production contracts in defence and aerospace achieved growth. The Bankstown, Sydney-based company booked earnings before interest and tax (EBIT) of $4.6 million on sales up 12 per cent for the year to $82.3 million. Sales margins rose 25…
Peak employer body the Australian Industry Group has released a series of policy papers that include a call for Australia to move decisively towards net zero emissions by 2050. AiGroup aligns itself with the states, all of which have zero emissions targets, and against he federal government which is resisting the transition towards renewable energy.…