USCOM reports higher sales after reorganisation

Cardiovascular disease monitoring technology company USCOM has posted a smaller loss for the 2019 financial year following the reorganisation of manufacturing. The company, founded in 2000 on cardiovascular research by at the University of Queensland, reported revenues of $3.64 million and total costs of $4.3 million. UNSCOM makes a range of non-invasive cardiovascular and pulmonary…

Boeing accelerates Loyal Wingman aircraft development

Boeing Australia is accelerating development of the Loyal Wingman unmanned aerial vehicle the company is developing in Melbourne and Brisbane for the RAAF. The company has advanced laboratory and prototype development in preparation for first flight of prototypes next year. Boeing has fielded 15 autonomous test bed aircraft to refine autonomous control algorithms, data fusion,…

Services drive Cochlear profits in competitive implant market

Services are increasingly driving profit growth for bionic ear manufacturer Cochlear (ASX: COH) in an increasingly competitive medical device market. The Sydney company sold 34,083 hearing implants in the year, down three per cent, as competitor new product launches in the United States and Germany hit sales. However sales are growing again with the launch…