China export specialist JATENERGY (ASX: JAT) generated $700,000 in net cash from the $20.8 million in cash receipts it received in the December quarter of the financial year. The exporter of Australian consumer products, which has now recorded three quarters of positive cash flows, noted a number of major milestones in the quarter. The company:…
Pharmaceutical company Immuron Inc has announced strong sales growth of its Travelan product for the prevention of travellers’ diarrhoea. The company reported Travelan sales were up in all markets with sales in the first half of the year rising 55 per cent to $1.7 million. Sales growth in Australia where the product is being advertised…
Medical technology group EMVision Medical Devices (ASX: EMV) has begun clinical trials of its novel stroke detection instrument (pictured). The company announced that it had received the green light for trials which have now begun at the Princess Alexandra Hospital in Brisbane. EMVision CEO Ron Weinberger said: “Taking a prototype of our complexity from the…
The Western Australian Premier Mark McGowan has announced the design for the new Australind regional express trains (pictured) to be built in the state. The government, which previously announced construction of new suburban rail cars in Perth, will contract the construction of two, three-car sets in a $54 million order. The new Perth-Bunbury trains feature…
Family-owned vehicle systems business REDARC Electronics has established a dedicated defence business following five years of market research and partner building in the defence sector. Owner of the Adelaide company, Anthony Kittel has established REDARC Defence Systems Pty Ltd to provide build to plan and company developed products to the defence vehicle sector. Established in…
The effect of Australia’s catastrophic summer of bushfires is spreading across food and beverage industries, with the maker of the iconic Grange wine, Treasury Wine Estates cutting its profit outlook for the year ahead. Treasury’s CEO Michael Clark said in his report of results for the first half of the year that drought, heat and…
Archer Materials (ASX: AXE) has begun the next stage of its planned development of a quantum computer chip, Archer’s CQ room-temperature qubit processor. The company has begun the quantum measurements required to build a working prototype of the chip and plan integration of modern devices. Archer, one of two Australian companies developing quantum chips, uses…
Leading composites manufacturer Quickstep (ASX: QHL) has reported fast-growing sales on the back of strong orders from defence and aerospace customers. The Sydney company reported sales up 14 per cent to $18.9 million in the December quarter and strong operating cash flow of $3.6 million. With first half sales of $38.4 million the company has…
Defence, space and communications group Electro Optic Systems (ASX: EOS) has bought US space business Audacy Corporation for $10 million in cash. The Canberra company’s subsidiary EOS Defence Systems USA Inc purchase of Audacy is part of a strategy to widen the remit of EOS’s operations in the United States. The chairman of EOSDS John…
By Peter Roberts Australia’s slide down the list of leading developed nations has been dramatically confirmed with the Australia Day weekend coinciding with evidence of a fall in our national innovation effort. The highly respected Bloomberg innovation index saw Australia slip to number 20 in the world on its ranking of innovation (table below). Australia…
