Kongsberg Defence Australia has accelerated the construction of its $25 million Australian manufacturing headquarters at Technology Park in Mawson Lakes, Adelaide. The company purchased 6,000m2 of land at Technology Park from stated-owned developer Renewal SA in October 2022, planning to complete the building in stages over a number of years. However it now sees increasing…
US President Joe Biden has revealed that Japan and the United States and Australia will create a networked system of air, missile, and defense architecture. Biden gave no details however the development is seen as a step towards Japan joining Pillar 2 of the AUKUS agreement with the United Kingdom, US and Australia. Pillar 1…
On Thursday in a speech in Brisbane Prime Minister Anthony Albanese revealed he would put to Parliament a bill for a Future Made in Australia Act which would respond to increasing global competition through more activist industry policy. Here is an edited transcript of his speech. We need to be clear-eyed about the economic realities…
Next Science reports positive study for BLASTX Wound care technology developer Next Science has reported a study showing the company’s BLASTX product to be efficacious in the treatment of pressure ulcers when used in conjunction with negative pressure wound therapy (NPWT). BLASTX utilises the company’s NXBIO technology which reduces the impact of biofilm based infections…
The University of Wollongong’s innovation hub iAccelerate has calculated that its companies generated $75.3 million in sales in the 2023 calendar year, and a total of $416.5 million since its establishment in 2016. According to a statement from UoW on Thursday, its iAccelerate 2023 Impact Report calculated that companies paid $22.3 million through salaries and…
Sydney’s biggest water storage behind Warragamba dam, Lake Burragorang is proposed as the site for a pumped hydro project that could generate enough electricity to up to 500,000 homes and businesses. ZEN Energy is proposing to turn degraded coal industry land at Nattai on the escarpment above the lake into a 1,000 megawatts (1GW) Western…
Construction Materials manufacturer Wagners has launched a new 356mm Fibre Reinforced Polymer (FRP) utility pole for electricity networks feeling the pinch of timber shortages. Wagners Composite Fibre Technologies’ (CFT) launch comes in the wake of rising costs, declining quality and reliability of supply for traditional timber utility poles, due to deforestation and bushfires in 2002…
By Weihuan Zhou, UNSW Sydney and James Laurenceson, University of Technology Sydney China’s Ministry of Commerce has finally ended its tariffs on Australian wine, which had been imposed for more than three years at rates as high as 218.4%. The measures have had a catastrophic impact on Australia’s wine exports. In 2019, Australia sold A$1.24…
By Peter Roberts The federal government has flagged greater government intervention to nurture industry with a proposed enabling Future Made in Australia Act to set the scene for a more activist industry policy future. According to a speech to be delivered today to Queensland Press Club and leaked to media outlets, the Act is a…
The federal government has signed the production contract for 123 Boxer Heavy Weapon Carrier vehicles with more than 100 of those vehicles to be exported for use by the German Army. The export order is Australia’s largest foreign military export to Germany. Rheinmetall completed a contract with the German authorities with a total volume of…
