DroneShield moves to profit on increasing global tensions Drone countermeasure company DroneShield has confirmed it moved to profit in FY23 on the back of rising global tensions and Russia’s invasion of Ukraine. The company reported record contracts and growing cash receipts which reached $73.5 million in FY23, five times the previous year. More than 68…
By Peter Roberts Much has been written about the Australian universities accord – final report from scientist and engineer Mary O’Kane (pictured). But from an industry innovation point of view her panel’s recommendations fall short of what is needed to kickstart Australia’s fading innovation – and I mean business innovation – performance. National R&D has…
The Tasmanian government, which is seeking re-election on March 23, has said it will provide $5.25 million in matched funding to support an expansion by aluminium-bodied shipbuilder Incat. “We are investing $5.25 million and Incat are investing $5.25 million into this expansion, which will support up to 500 new jobs over the next three years,…
UNSW Sydney chemical engineering researchers have developed a way to create synthetic methane from sunlight and carbon dioxide, which they say could lessen reliance on fossil fuels and reduce greenhouse gas emissions. According to a statement from the university on Wednesday, the team’s process uses light and heat to induce a reaction which produces synthetic…
The countdown is on to register to join @AuManufacturing for our latest webinar – Secure Your Business Against Cyber Attack – on Tuesday March 19, 11.00am AEST. There are very real cyber security threats to your business from compromised credentials, external contractors or former employees, malicious actors and a lack of a complete understanding of…
The directors of building products group Adbri have entered into a scheme implementation deed under which a consortium of global building supplies group CRH plc and local premixed concrete supplier Barro Group will acquire the company. The partners made a non-binding offer valuing cement and lime manufacturer Adbri at $2.1 billion. Barro Group already owns…
Heating and cooling systems manufacturer Seeley International is to expand its air cooling manufacturing operations in Adelaide focused on export to the California market. Group Managing Director Jon Seeley said the company would extend its Lonsdale facility and update equipment for the scale-up of its innovative Climate Wizard Hybrid model which integrates evaporative cooling, heating…
