Seven research projects described as delivering “ground-breaking” technologies, ranging from underwater charging stations for uncrewed underwater vehicles to better understanding online communities, have received a total of $3 million in funding from the Defence Innovation Partnership (DIP). The funding, announced on Wednesday, is through DIP’s Activator Fund and Collaborative Research Fund, and is aimed at…
By Sandy Plunkett If Australia’s domestic manufacturing and tech sector had a dollar for every time political leaders have declared — in and out of election campaigns for decades — that innovative SMEs are the engine of the economy, we might have a small but globally significant 21st century manufacturing sector by now. If we…
Australian microbiome health company Biome Australia reported a 41 per cent increase in quarterly sales revenue to $4.5 million for Q3 FY25 compared to the same period last year, according to an ASX announcement on Tuesday. The company’s financial year to date sales reached $13.4 million, representing a 46 per cent increase on the previous…
Australian manufacturing conditions deteriorated further in March as political uncertainty and global trade disruptions weighed on business confidence, according to the latest Ai Group Australian Industry Index released on Tuesday. The Australian manufacturing PMI fell by 17.8 points to -29.7, deepening the sector’s contraction. This stands in contrast to the S&P Global Australia Manufacturing PMI,…
Fitch Ratings downgraded Australian steel manufacturer InfraBuild’s Long-Term Issuer Default Rating to ‘CC’ from ‘CCC-‘ on Monday, citing an elevated probability of default on its USD $550 million notes within the next three months. The ratings agency pointed to InfraBuild’s failure to publish audited financial statements for FY24, which were initially due in October 2024…
Satellite-enabled IoT communications business Myriota is expanding its UltraLite low earth orbit (LEO) constellation with four new nanosatellites currently being onboarded. According to a statement from the Adelaide-based company on Wednesday, the satellites were launched on March 14 aboard a SpaceX Transporter-13 mission. They will “continue to bolster” Myriota’s UltraLite LEO constellation, strengthening its IoT…
Packaging and recycling business Visy has announced a new fibre-based insulation liner, designed as a replacement for expanded polystyrene (EPS), is currently being trialled by an unnamed food delivery company. In a statement on Tuesday, it said that Visycell has benefits over EPS of being recyclable via kerbside recycling bins, while also sharing its “strong…
