Australian listed medical imaging company Imagion Biosystems (ASX: IBX) has received approval as a breakthrough device for its breast cancer detection technology from the US Food and Drug Administration. The approval, which gives priority to communications between Imagion and the FDA to speed the development process, is a major step forward for the company, according…
French submarine builder Naval Group has flagged big ambitions for its CANTO anti-torpedo vessel protection decoy, announcing it will partner with local firms to make the system in Australia. CANTO, which generates a 360-degree acoustic signal and hundreds of false targets that confuse an attacking torpedo, will likely be fitted to the Attack class submarines…
Internet of Things (IoT) lighting systems manufacturer Vivid Technology (ASX: VIV) has called in the administrators after failing to secure sources of long-term funding to support the business. The company, which makes intelligent LED lighting systems and software, appointed SV Partners as voluntary administrators after a three month search for funding support. The company shares…
Government-funded vocational education and training (VET) numbers continue to fall, according to figures from the National Centre for Vocational Education Research (NCVER). There were 1.1 million students enrolled in the VET system in 2018, down 1.9 per cent compared with 2017, according to a new report, gogvernment-funded students and courses 2018. The report provides a…
The Northern Australia Infrastructure Facility (NAIF) has approved a loan of up to $610 million for Genex’s Kidston pumped hydro project in Queensland, 270 km north of Townsville. The Kidston Project is the first globally to utilise an abandoned mine and will be capable of producing 250MW of power for eight hours. NAIF CEO Laurie…
Perth shipbuilder Austal (ASX:ASB) has boosted its profit forecasts on strong gains from its Australasian ship building yards. While the company said its Alabama yard was still performing strongly with orders for two ship classes for the US Navy, it said multi-hull ferry building was now increasing on its new regional investments. Austal expects an…
Australasian smart asthma inhaler device maker Adherium (ASX: ADR) has received US Food and Drug Administration clearance for over the counter sales of its Hailie sensors. The company, founded in New Zealand, listed in Australia and headquartered in the United States, manufactures connected respiratory devices. Its’ Hailie sensor attaches to a patient’s asthma inhaler, monitoring…
Iconic liquorice manufacturer Darrell Lea has beefed up its’ chocolate offerings with a range of six blocks with the help of Monash Food Innovation. The family-owned business, which faced financial difficulties in 2012, worked with MFI to design the perfect block form, weight and demoulding ability. MFI also helped de-risk the production process through the…
New materials leader First Graphene (ASX: FGR) has made its first commercial sales of its breakthrough PureGRAPH material manufactured in Perth. The company, which has established a 100 tonne per year plant at Henderson, has shipped to customers in the UK, Ireland and Germany, according to an investor announcement. It also revealed formal, long-term supply…
Two northern Australian mega-projects to turn solar energy onto fuels exportable to our Asian neighbours have taken steps towards reality, opening up new manufacturing opportunities. The Guardian today reported a series of low-key events held in the Northern Territory three weeks ago by those behind a $20 billion venture to generate solar electricity and export…
