GreenHY2 receives first grant funding for Telstra project Hydrogen Energy storage manufacturer GreenHY2 has received the 1st Instalment of the grant funds allocated by the federal government to provide its Hy2MEDI generation and storage system to Telstra. The amount received is $432,000 plus GST, with the total grant for the project valued at $1.5 million.…
Sleep apnoea device manufacturer ResMed has reported that revenue grew by 11 percent on a constant currency basis in the first quarter FY25 to US$1.2 billion, driven by demand for its constant air pressure systems. Revenue grew from its sleep devices and masks portfolio, as well as strong growth across its Residential Care Software business.…
With almost $4 trillion in Australian superannuation assets, that pool of capital is sometimes cited as an untapped resource for worthwhile but underfunded causes, such as developing high-tech local businesses. Encouraging just a small portion of this to find its way into tech startups is a popular idea — one sometimes advocated by contributors to…
The winners of the New South Wales and Australian Capital Territory Welding Excellence Awards were announced in Sydney on Thursday night. The awards at Rydges World Square in Sydney celebrated “both businesses and individuals who are making waves in welding through their dedication to quality, safety and innovation” said Geoff Crittenden, CEO of event organiser…
Satellite and space services company Fleet Space Technologies will collaborate with Rio Tinto to advance exploration at its Rincon Lithium Project in Argentina. Leveraging Fleet Space’s AI and satellite enabled exploration solution, ExoSphere, Rio Tinto will develop 3D subsurface maps of the reservoir, basement depth, and brine influencing structures across 100km2 of the project’s salt…
Radiopharmaceutical developer entX Ltd is poised to make a decision to green light construction of a radiopharmaceutical production facility targeting cancer treatment with radioactive isotopes. The facility is supported by a $1.9 million Economic Recovery Fund (ERF) grant from the South Australian Government as well as a $2,915,000 Cooperative Research Centres Projects (CRC-P) grant announced…
Three innovative Australian SMEs will use the power of data and artificial intelligence (AI) to enhance their medical products and become internationally competitive as part of a new accelerator starting this month. Cortical Dynamics, Microbio, and Resonait Medical Technologies have been selected for the Biomedical AI Sprints Accelerator (BASA) run by leading innovation centres the…
