Xtek awarded $27 million defence contract for drones Xtek has received a $26.9 million purchase order from the Australian Department of Defence for new small unmanned aerial systems (SUAS), it announced on Thursday. The purchase took the value of orders in hand for its technology division to $35 million, with $47 million in revenue already…
Hydrogen fuel cell vehicle developer H2X Global has been awarded a contract of up to $98 million (70 million SEK) by Renova AB for the purchase of hydrogen fuel-powered commercial trucks for use in Gothenburg, Sweden. H2X Global subsidiary H2X Gothenburg AB won a public tender released in Q3 of 2022 for the supply of…
The final result for 2022 in the Australian Industry Group’s Performance of Manufacturing Index showed “deteriorating conditions” following three months of broadly stable results. The PMI fell by 4.9 points over November to 44.7 in the survey-based PMI, released on Thursday. Any result above 50 indicates growth, and any result below it contraction. Five of…
Hearing implant manufacturer Cochlear has rejected competition concerns raised by the Australian Competition and Consumer Commission (ACCC) over its proposed acquisition of Oticon Medical. The ACC said in a statement that the proposed takeover of non-surgical bone conductive hearing device manufacturer Oticon raised ‘preliminary competition concerns’ due to there being few global manufacturers of such…
By Kevin Wyss, Rice University “Future chips may be 10 times faster, all thanks to graphene”; “Graphene may be used in COVID-19 detection”; and “Graphene allows batteries to charge 5x faster” – those are just a handful of recent dramatic headlines lauding the possibilities of graphene. Graphene is an incredibly light, strong and durable material…
Outback outfitter R.M.Williams has extended its range of Australian made products, launching picnic blankets manufactured by Tasmania’s Waverly Mills. The Adelaide company, which is best known for its locally made boots and leather goods, said: “As part of our ongoing commitment to supporting and nurturing Australian craftsmanship, we’re partnering with leading artisans and creators around…
