Energy storage technology company Green Gravity‘s gravity-operated systems could soon be operating in Europe following the execution of an agreement between the company and Complexul Energetic Valea Jiului S.A. (CEVJ). The companies have executed a Cooperation Framework Agreement to explore the application of Green Gravity’s energy storage technology in seventeen mine shafts on the four…
By Peter Roberts Tired of hearing that manufacturers are rent seekers asking for handouts from the government? Tired of paying tax? Well, now you don’t need to – in Australia corporate tax is somewhat voluntary depending on who you are. Instead of being in the difficult-to-make-a-buck manufacturing sector perhaps you should think about getting into…
Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…
Drone detection and countermeasure company DroneShield has announced that one of its key products has been integrated into defence prime contractor Lockheed Martin Australia’s Agile Shield battlefield management programme. The incorporation of the company’s DroneCannon Mk2 wide area non-kinetic effector (pictured) was announced as part of a collaboration with LMA’s Science, Technology, Engineering, Leadership and…
By Peter Roberts In the face of criticism that Australia is building the wrong type of naval vessel in a time of rising tension, BAE Systems Australia has revealed a more lethal, attack version of the Hunter class frigate it is building in Adelaide. Conceived as a largely anti-submarine vessel, the nine Hunter class frigates…
Tactical boat developer The Whiskey Project Group and defence contractor Rafael Australia have unveiled a new collaboration to deliver what they call the most advanced reconnaissance and strike watercraft in the world. Their Whiskey Bravo – Strike craft was revealed at the Indo Pacific International Maritime Exposition now underway in Sydney. The companies took to…
By Peter Roberts Shares in carbon fibre road wheel manufacturer Carbon Revolution disappeared from the ASX this week as the company’s shares began trading on the US NASDAQ exchange as Carbon Revolution Inc. The US listing was the culmination of a drawn out fight for survival which will see the company continue to manufacture at…
The federal government has moved to bolster Australia’s capabilities in the production of semiconductors announcing the award of a defence Sovereign Industrial Capability Priority Grant to Adelaide- company Hendon Semiconductors. The $690,000 grant, to be matched by the company, will modernise Hendon’s Hybrid Integrated Circuit (HIC) and Printed Circuit Board Assembly (PCBA) production capabilities. Integrated…
By Peter Roberts Homer called olive oil liquid gold, but to one Australian company its qualities have morphed an idea into an emerging global force in an age old and seemingly unchanging industry in only 25 years. When horticulturalists Rob McGavin and Paul Riordan planted an initial 200 hectares of olives in 1998 it is…
Building products manufacturer CSR has navigated difficult economic conditions to significantly increase EBIT profit from the building sector in the latest half year to 30 September. Net profit after tax (NPAT) was down 15 percent to $94 million comparted to the previous corresponding period with strong growth in building products offset by a lower contribution…
