ASX-listed Artrya, which is commercialising coronary disease diagnosis support products, has announced a successful $15 million raise through a share placement. In a statement on Friday, the company said it had received binding commitments under a two-tranche placement at $0.73 per share. The proceeds will be used to progress regulatory applications for its Salix Coronary…
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AICRAFT has announced that it will design and build onboard computers for rovers “aimed at prospecting locations on the Moon” for the Emirates Lunar Mission (ELM.) In a statement on Thursday, Adelaide’s AICRAFT said it will build onboard computers to allow “data processing from science cameras, rover navigation and communication” and autonomous operations on the…
Metals recovery business MTM Critical Metals has announced a claimed breakthrough in recovering critical minerals from semiconductor waste, solving a problem “previously considered commercially unviable”. In a statement on Thursday, the ASX-listed company said it achieved a world first in recovering high levels of germanium and gallium “without using acids or environmentally harmful methods” using…
The Australian Glass and Window Association (AGWA) has added to comments urging government action on cheap imports following the collapse of Australia’s only producer of architectural glass last week. In a statement on Thursday, AGWA said “serious consequences for Australia’s building sector and national housing supply targets” were risks unless more was done to shield…
Another round of grant recipients under the federal government’s Industry Growth Program has been announced, with a combined $2.51 million awarded to CoilRig, Azaneo, Innovation Industries, Magic Valley and Allegro Energy. According to a statement from industry minister Ed Husic on Thursday, Allegro Energy was awarded $1.85 million to further their “Redox Flow Battery technology”…
Australia’s future as a frontrunner in global innovation hangs in the balance as R&D investments plummet, sounding alarms at the highest levels of government and industry. Industry and Science Minister Ed Husic (pictured), spurred by a concerning report led by Tesla Chair Robyn Denholm, is calling on the nation’s corporate giants to bolster their research…
TXM Lean Solutions, a sponsor of @AuManufacturing’s current Australia’s 50 Most Innovative Manufacturers campaign, recently announced the results of their own awards program. In this article, the company shares the results of their Lean Transformation of the Year and Lean Champion of the Year awards. Since 2004 TXM Lean Solutions has been helping businesses improve,…
In response to mounting pressures to settle substantial debts, the owners of Whyalla Steelworks, led by GFG Alliance’s chairman Sanjeev Gupta, are actively pursuing new financing solutions to sustain operations. This development follows intense scrutiny from South Australia’s Premier, Peter Malinauskas, who recently visited Whyalla to engage with creditors and reinforce the urgency of financial…
Victoria recorded the highest number of manufacturing insolvencies in Australia in 2024, according to new analysis. This rise in business closures highlights ongoing struggles within the state’s manufacturing sector, exacerbated by high taxes, rising energy costs and extensive regulatory burdens. ASIC data reveals that during the term of the Albanese government, 415 manufacturing firms in…