Technology commercialisation business and mining equipment manufacturer PPK Group has suffered a drop in profit as the company continues to aggressively expand its portfolio of businesses. The company reported today earnings before interest tax amortisation and depreciation of $924,000 in the first half year, down from a profit of $3.1 million. Total revenues were hit…
Treasury Wine Estates, the maker of Penfolds wines, today reported earnings before interest and taxes (EBITS) down 23 per cent in the first half year to $284 million as it was hit by China’s punishing tariffs against Australian products. The slump, which was widely expected, was driven by the company’s exit from the premium China…
An antimicrobial surface coating developed by an international team including researchers from the University of Queensland is now being tested on the International Space Station U.S. National Laboratory. Teams led by Boeing’s Jason Armstrong and UQ’s Professor Michael Monteiro have collaborated on an antimicrobial coating designed to help fight bacteria and viruses, including the virus…
Defence manufacturer NIOA is breaking new ground with its new headquarters building being constructed in Brisbane. The company, which is also constructing an ammunition manufacturing facility at Maryborough in partnership with Rheinmetall, is having the multi-storey building built using innovative timber technologies. Builder Watpac finished the building structure in only 26 days, using Glulam structural…
3D volumetric display technology developed by South Australian company Voxon Photonics is to be used on submarines and frigates being built by BAE Systems in the United Kingdom and Australia. The company will provide the Hunter Class Frigate Program and the UK Submarines business with its bespoke displays to provide 3D visualisation to test situational…
Global latex and protective glove manufacturer Ansell has reported a massive sales boost from the Covid-19 pandemic. The Melbourne company reported sales for the first half year up 24.5 per cent to $1.2 billion (US$937.8 million) driven by rising healthcare and industrial sales. Healthcare sales were up 37 per cent on the previous corresponding period…
Low-price domestic hydrogen electrolyser and storage system manufacturer Lavo has committed to building a new factory in Queensland reported to cost $20 million. The company and its JV partner Nedstack said in a statement they would develop a fuel cell and LAVO unit (pictured) manufacturing facility in Springfield City, a private sector CBD development near…
IIot communications services provider Fleet Space Technologies will launch its fifth nanosatellite, Centauri 3 in March aboard Rocket Lab’s They Go Up So Fast mission. The locally manufactured Commercial Nanosatellite will head for Low Earth Orbit (LEO) at 550 km from Launch Complex 1 on New Zealand’s Māhia Peninsula. Centauri 3 is part of the…
Saber Astronautics is promising that the new space mission control centre being developed for the Australian Space Agency will be the first professional control centre in the world to use machine learning in the day-to-day operation of spacecraft. Saber will also incorporate innovative 3D gaming technology in the new centre. The company, which spans space…
Iron ore miner Fortescue Metals Group has created and deployed a fleet of autonomous light vehicles (ALV’s, pictured) at the company’s mining operations in the Chichester Hub in the Pilbara. Developed by Fortescue’s Technology and Autonomy team with the assistance of Ford Australia, the vehicles aim to improve the efficiency of the Christmas Creek mobile…
