By Stuart Corner ASX listed investment house, Washington H Soul Pattinson, has invested $20 million in Leading Edge Data Centres to fund a network of regional edge computing data centres around Australia. Leading Edge says it will build a network of 20 world-class tier three data centres across regional Australia to provide faster internet speeds…
HEX20 announces partnership with ispace and Skyroot Aerospace Adelaide-based smallsat company HEX20 has announced a strategic partnership with India’s Skyroot Aerospace and Japan’s ispace, “to leverage the combined technical prowess and regional networks of the three pioneering companies.” Lloyd Lopez, CEO of HEX20, said an MoU formalising the partnership was signed at the 74th International…
Building products, property and investment group Brickworks’ latest annual report reveals a company still focused on manufacturing but transforming itself into a diverse powerhouse capable of sustainable, strong growth. The Sydney company reported a revenue rise but profit fall compared to the previous year, however this did not disguise the extraordinary improvement in the company’s…
Business and industrial researchers led by Adelaide defence company leader Jim Whalley have featured in the King’s Birthday 2023 Honours List among 1,192 recipients. Whalley, Deputy Chair of Nova Systems and a former RAAF officer, was among the six appointed to the top category of Companion of the Order for distinguished service to business, particularly…
Building products manufacturer Brickworks Limited has announced record underlying Net Profit After Tax (NPAT) from continuing operations of $410 million for the half-year ended 31 January 2023, up 24 percent on the previous corresponding period. Statutory NPAT was $354 million, down 38 percent, a figure affected by the previous year’s one-off profit with the disposal…
Electrical engineering firm Ampcontrol and industrial technology company Siemens have announced a collaboration agreement covering “technology solutions for battery energy storage and grid applications” for the local renewable energy market. According to a joint statement from the pair on Wednesday, the agreement is an extension of their existing relationship, which has spanned major energy and…
Rio Tinto spends up big with local suppliers Rio Tinto increased its spend with suppliers and local businesses in Australia to more than $16.1 billion in 2023, as part of the company’s commitment to support communities where it operates. This was an increase of five per cent on the previous year and was spent with…
By Peter Roberts Building products group Brickworks has announced the retirement of its long serving Managing Director Lindsay Partridge (pictured). Partridge, who is to be replaced by COO Mark Ellenor, is one of the country’s best respected and most successful manufacturing leaders. A ceramic engineer by training, he worked his way to the top job…
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…
Electrical engineering business Ampcontrol has announced that it is partnering with offshore wind developer, Star of the South, on the proposed Destiny Wind wind farm off the Hunter coast. An area covering 1,854 square kilometres off NSW’s Hunter region was declared suitable for offshore wind development by the federal government in July last year. It…
