EOS receives contract payments, cuts profit outlook

Defence, space and telecommunications manufacturer Electro Optic Systems has clawed back most of the customer payments for its biggest defence contract delayed due to Covid-19, but nonetheless been forced to slash profit outlook for the current financial year. The Canberra company cut guidance for underlying operating profit (EBIT) for FY22, excluding costs associated with its…

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Universal Biosensors executes US distribution deal Electrochemical test developer Universal Biosensors has signed another distribution deal in the United States for the company’s Sentia wine testing platform device. Vinmetrica (USA) will be non-exclusive distributor for a three year term for Sentia, which tests wine for sulphur dioxide, glucose, malic acid and other components of wine.…

Amaero International hit by project delays

Additive manufacturing technology company Amaero International has issued a generally positive quarterly report on business activities that notes delays affecting many of the company’s major projects. While good progress was reported on the company’s titanium powder project, Covid-19 supply chain issues have delayed the company’s developments with Fletcher Insulation and Rio Tinto. Amaero’s Middle Eastern…