Wellnex Life on track to meet earnings guidance Healthcare manufacturer Wellnex Life is on track to meet its full year revenue guidance of $29 million for FY23, a rise of 55 percent on the previous corresponding period, according to a company update. The company said it had achieved higher margins from its wholly-owned brands as…
Rex Airlines has announced a 20 per cent stake in Dovetail Electric Aviation, and will take a seat on the startup’s board of directors. Dovetail is a Bankstown-based startup focussed on retrofitting electric propulsion systems to turboprop nine-19-seat commuter planes, which it sees as a $US 15 billion opportunity. In a short statement on Friday,…
IGO has announced that it has secured land at the Kwinana-Rockingham Strategic Industrial Area from the Western Australian government, where it plans to expand its value-adding activities in the global battery value chain. The company’s proposed Integrated Battery Material (IBM) Facility would be on approximately 30 hectares of vacant industrial land leased from the WA…
One of the world’s largest spirit producers has partnered with Queensland manufacturer Products for Industry to adopt the company’s small bore thin walled titanium membranes to replace existing filtration systems, initially for whiskey. The company has also received its first orders from one of the worlds largest snackfood companies for systems to improve the quality…
Advanced technology investor PPK Group’s portfolio company BNNT Technology Pty Ltd has signed its first defence sector collaboration agreement with survivability systems specialist TenCate Advanced Armor. Entry into this agreement follows two years of continuous improvements by the BNNT team which has led to significant progress in automation and process efficiency, resulting in a material…
Perth shipbuilder Austal has linked with Saildrone Inc. to jointly identify opportunities to collaborate on the manufacture of 20 metre Saildrone Surveyor uncrewed surface vehicles (USV, pictured) in Australia, for deployments in the Indo-Pacific region. According to Austal, US-based Saildrone is the world leader in long-endurance USVs, having amassed nearly one million miles and 25,000…
Australian solar system manufacturer 5B has been appointed as the technology provider for a 10.1MWp solar system that will form part of a 21.4MWp solar power project that AES El Salvador is constructing for Holcim El Salvador’s El Ronco cement plant. When operational, the new solar power plant will generate 21 per cent of the…
