Comment by Peter Roberts This budget was always going to be about saving the federal government’s bacon in an election it looks likely to lose, and Treasurer Josh Frydenberg did not disappoint with cash giveaways to all and sundry with little regard to managing the economy and the budget. For consumers there was a six-month…
Nissan Casting Australia is making a $15.5 million investment in its Dandenong South aluminium casting facility, which exports vehicle components around the world, assisted by an unspecified amount of support from the Victorian government.
Mining and green energy magnate Andrew Forrest today snapped up five per cent of Perth international shipbuilder Austal. The company told investors that Forrest’s Tattarang Ventures had bought 17,731,049 shares in the company in a cash-settled equity swap transaction – the equivalent of 4.9 per cent of the company. The company has also been buying…
Hypersonix Launch Systems has provided further details about a project that was recently awarded a $2.95 million Cooperative Research Centres Projects grant, and which is scheduled to begin in July.
Space, defence and communications manufacturer Electro Optic Systems is a step closer to launching its ambitious SpaceLink global satellite network following export finance backing from the federal government. Export Finance Australia will provide conditional finance for up to US$80 million of debt funding for the initial satellite communications constellation to be launched by EOS subsidiary…
Drug delivery company Avecho has announced positive results from its Phase 2a studying its topical cannabinoid gel for the management of pain associated with osteoarthritis of the hand. The study dosed patients over a four-week period, with the study demonstrating statistically significant daily improvements in hand pain, hand functionality, grip strength, finger stiffness and anxiety.…
Australian Research Council Linkage grants have been announced, totalling $32 million over six years, with 12 of the supported projects categorised as “advanced manufacturing”.
Quantum technology, which makes use of the surprising and often counterintuitive properties of the subatomic universe, is revolutionising the way information is gathered, stored, shared and analysed.
3D Metalforge in new capital raising Additive manufacturing production bureau 3D Metalforge has raised $2.12 million before costs via a single tranche share placement. The placement, strongly supported by new institutional and sophisticated investors, also came with the issue of free attaching options which expire in five years time. The funds will be used to…
Iot satellite manufacturer Fleet Space Technologies has revealed GeoSphere, a first-of-its-kind system that is a passive, non-destructive technique to assess site viability for mineral and material deposits. According to social media posts GeoSphere combines wireless Geodes, intelligent cloud processing and a constellation of low earth orbit (LEO) nanosatellites to discover critical resources up to 100…
