Mining equipment company Austin Engineering has seen a 22.2 per cent increase in revenue to $376.7 million for the last financial year, with North American earnings up 54 per cent to $146.8 million. The ASX-listed company saw rises in EBITDA for the year to $55.8 million (up 29.6 per cent) and net profit after tax…
A team from UNSW has used recycled plastic, crushed oyster shells and concrete to create structures recently installed at Glebe’s Sydney Fish Market site and aimed at re-establishing oyster populations around Sydney Harbour. According to a statement from the university on Tuesday, researchers have developed these novel “BioShelters” in a project supported by Landcom and…
New research from professional social media site LinkedIn has found a tension between optimism and frustration when it comes to using artificial intelligence at work, with 46 per cent of those surveyed feeling like learning new AI tools is taking on another job, 51 per cent believing they aren’t realising the potential of AI, though…
Beekeeping products startup HiveKeepers, which hosted an oversubscribed Kickstarter campaign earlier this year to get into production, will showcase its Micro Honey Harvester at the international Apimondia 2025 International Apicultural Congress next month. Apimondia 2025 will be held from September 23 to 27 at the Bella Center in Copenhagen, Denmark, and is described as an…
CSIRO is inviting applications for the upcoming round of its free eight-week Innovate to Grow program for startups and SMEs, to be focussed on critical minerals. According to a statement from CSIRO on Monday, the online course will offer help with companies’ “innovative ideas”, new R&D opportunities, and refinement of concepts to “better position themselves…
Sponsored Leading Australian health and nutrition manufacturer Star Combo Pharma today announced that its proprietary natural sweetener InuFructis has been approved by the Therapeutic Goods Administration (TGA) as a Proprietary Ingredient (Purpose: flavour) and is now officially entering the market. This achievement underscores Star Combo’s ongoing commitment to scientific innovation and regulatory compliance. The approval…
The National Reconstruction Fund (NRF), Bradfield Development Authority (BDA) and the Advanced Manufacturing Readiness Facility (AMRF) have announced “a strategic partnership” aimed creating “a pipeline of referrals between AMRF and NRF”. According to a joint statement, the relationship aims to assist “businesses looking to build out their supply chain”. The release cited the steps of manufacturing listed in the NRF’s…
Off-earth logistics business Space Machines Company (SMC) has successfully completed its proprietary Scintilla propulsion engine, which has completed an extended burn duration of 65 seconds, more than 1,200 seconds of total testing time and 40 restarts so far. The engine was developed completely in-house and is part of SMC’s Viper satellite vehicle, “designed for rapid…
The Australian Made Campaign Limited (AMCL) has announced not-for-profit body the Steel Reinforcement Institute of Australia (SRIA) as its newest Industry Partner. AMCL Chief Executive Ben Lazzaro said the partnership represented “a key step in our collective effort to support local manufacturers. “By working together with SRIA, we aim to strengthen Australia’s manufacturing sector and…
A medical innovation accelerator located within Monash Technology Precinct and focussing on cardiovascular, kidney and metabolic disease opened on Wednesday. According to a statement from Monash University, the The Monash Velos Accelerator was assisted through a $17.5 million Victorian Higher Education State Investment Fund grant and “will embed commercialisation capabilities” at the precinct. The accelerator…