Pharmaceutical and medicinal cannabis manufacturer IDT Australia has reported a sales turnaround with revenues of $3 million in Q1FY24, up 300 percent on the previous corresponding period. The company told investors it has secured a further $2.1 million in new contracts in October with $4.2 million in contracts at the approval stage. The company’s sales…
Food processing and packaging solutions business TNA solutions announced the addition of a third manufacturing site in Australia, at Western Sydney’s Wetherill Park, on Monday. TNA said the expansion aimed to meet growing global demand from the confectionery and nutraceuticals sectors, and is its second confectionery manufacturing site in Sydney. “With our new Wetherill Park…
The Australian Renewable Energy Agency (ARENA) has announced $11 million in funding to innovative Australian solar technology company SunDrive Solar to expand its novel solar cell metallisation capabilities. The company’s solar cell production capacity will rise from prototype scale of 1.5 MW/yr to commercial capacity of greater than 100 MW/yr. SunDrive has previously received $3…
Industry organisation AusBiotech has released a new report calculating the return from the federal R&D tax incentive reached $3.14 for each dollar of forgone tax revenue. The Economic impact of the Research & Development Tax Incentive for the biotech industry report (linked here) was developed with Deloitte Access Economics, and estimates that the RDTI for…
Steel maker InfraBuild announced its financial and operational results for the year ending June 30, with net revenue of $5,686 million (down five per cent) and EBITDA of $651 million (down 2 per cent) for the financial year. In a statement on Wednesday, the company – part of Sanjeev Gupta’s GFG Alliance – described performance…
Australian owned Quinbrook Infrastructure Partners is to add a missing piece to the solar PV manufacturing puzzle announcing plans for an $8 billion polysilicon manufacturing facility in Townsville, Queensland according to media reports. The company has been allocated 200 hectares of land at the Lansdown Eco-Industrial Precinct which has acess to renewable energy supplies, promising…
By Peter Roberts Cold cathode x-ray machine manufacturer Micro-X saw a strong uptick in sales in the September quarter, validating the company’s reorganisation and greater focus on sales and marketing. The company reported sales of $2.9 million in the September quarter, compared to total sales for FY23 of $3.8 million. Australian government sales necessary to…
Mineral processor Tivan and Larrakia Energy have announced an agreement for supply of as much as 30 megawatts of renewable energy from 2026 to a planned vanadium electrolyte factory at Darwin’s Middle Arm precinct. In an announcement on Wednesday, the Northern Territory government said the partnership on energy represented a major step towards its goal…
Earlier in the week Allen Roberts wrote that Australian owned food products faced extinction in the aisles of Australia’s duopoly supermarkets. Peter Roberts went on the hunt. I am always on the lookout for Australian made and owned products when I go shopping, but even I was not ready for the desert of genuine Australian…
First Australian companies and innovators were challenged to design a rover vehicle that will run on the Moon. Now a second challenge has been announced by marketplace Freelancer.com and ELO2 to design a mechanical sampling arm for the rover – the ELO2 Big Dipper Lunar Regolith Acquisition Challenge. The Australian Space Agency, in collaboration with…
