Quantum computing chip developer Archer Materials has announced it has implemented an early-stage prototype of an integrated biochip platform with automated liquid sampling and data readout. The Sydney company said the work was a major step towards the company’s ambition of commercialising a biochip – an engineered substrate capable of detecting multiple of biologically relevant…
Digital engineering tools and methods including the use of digital twins are becoming firmly entrenched in the testing, evaluation and certification of Australian military equipment. The way Australian the owned and controlled services provider delivers T&E, and systems engineering services more broadly, is changing according to Rob Starbuck, Nova Systems Digital Engineering Capability Lead. The…
Gaming company Aristocrat Leisure has reported strong revenue and profit growth in the year to 30 September 2022 as its poker machine and online gaming businesses continue to recover from the Covid pandemic. The Sydney company reported operating profit up 20 percent on the previous corresponding period of $1.86 billion on revenue up 17.7 percent…
Medical technology company Nova Eye Medical has seen sales including its new iTrack Advance glaucoma surgical device product of $5.7 million in the four months to 31 October, materially exceeding its forecast of $5.1 million. Launched in Europe and Canada in June, the iTrack Advance is a consumable device with an illuminated fibre optic tip…
Industry minister Ed Husic has given more details of the operations of the government’s proposed National Reconstruction Fund and the reasons behind the fund which the government took to the recent federal election. Speaking at the UBS Australasia conference, Husic said the pandemic exposed serious deficiencies in Australia’s economy, bringing to light the fact that…
Quickstep business update shows strong recovery from FY22 Advanced composites manufacturer Quickstep has updated its business outlook and for the first time talked on expansion plans in the United States. The Sydney company told investors it expected FY23 revenue to be $100 million, up 15 per cent on the previous year – 94 percent of…
Australia’s first renewable hydrogen microgrid has been launched in Denham, Western Australia where it will produce renewable energy that could power 100 households, or 20 per cent of Denham’s residents and businesses. Delivered by Horizon Power and Hybrid Systems Australia, the project is expected to offset 140,000 litres of diesel fuel each year, and is…
Fertiliser and explosives group Incitec Pivot is weighing up the sale of its Waggaman, Louisana ammonia plant which has experienced a litany of breakdowns and outages caused by bad weather. The Melbourne company told investors it had received a number of unsolicited approaches for the potential acquisition of the $850 million plant which it took…
The CSIRO Board today announced that CSIRO’s Chief Executive Dr Larry Marshall will complete his third and final term in June 2023. Dr Marshall has led CSIRO since 2015, making him the agency’s longest serving chief executive in the past 50 years. The Minister for Industry and Science Ed Husic MP, thanked Dr Marshall for…
Western Australian lithium producer Pilbara Minerals has secured a 10-year debt facility from the federal government to support the expansion of its Pilgangoora operation (pictured) underpinning its moves further down the battery materials supply chain. The facility, provided through the Export Finance Australia (EFA) and Northern Australia Infrastructure Facility (NAIF) agencies, will support construction of…
