Specialist automotive brake manufacturer Advanced Braking Technology has continued to grow during the Covid-19 pandemic on the back of orders from its traditional resources company clients. The Perth company told investors that sales of its fail-safe braking systems for heavy mining equipment were five per cent up in the fourth quarter compared to last year.…
DXN achieves maiden positive cash flow Prefabricated data centre manufacturer DXN achieved its first positive cash flow from operations in the December quarter of $55,000, boosted by cash receipts of $1.97 million. The company completed installation of the first cable landing station in Fiji for Southern Cross Cable Network and inked new contracts worth $1.8…
Fleet Space’s Centauri-6 satellite takes off flight at space discovery centre A new piece of next-generation Australian space technology is on display at the Australian Space Discovery Centre in Adelaide. It is a full size model of Centauri-6, the eighth satellite launched by Adelaide-based company Fleet Space Technologies successfully reached orbit on April 8, 2024…
ABT’s record growth in FY23 Sealed heavy vehicle brake manufacturer Advanced Braking Technology has announced revenues of $14.7 million for FY23, a 25.1 percent increase on the previous year. The company was able to increase sales margins during the year by 5.97 percent to 49.9 percent. Net profit after tax was $1.47 million, a 129…
Amaero International to review strategic alternatives Additive manufacturing technology company Amaero International has commissioned investment and advisory firm Guggenheim Securities to evaluate strategic alternatives for the company. The study was aimed at ensuring it was ‘taking every step possible to maximise value for shareholders’, according to an announcement. Amaero said no decisions had been made…
Advanced Braking Technology continues strong growth Heavy duty brake vehicle manufacturer Advanced Braking Technology has reported record June operating sales of $1.16 million. ABT said sales of its fail-safe braking systems for heavy mining equipment were 17 per cent up in the fourth quarter compared to last year to $2.67 million. Reporting unaudited operating profit…
Green Distillation Technologies doubles size of Warren tyre recycling plant Australian tyre recycler Green Distillation Technologies will double the production capacity of their plant at Warren in Western New South Wales with the installation of an additional processing module. Construction of the module, which turns end-of-life tyres into high value oil, carbon and steel, is…
