Australia, the United Kingdom and the United States today signed an Exchange of Naval Nuclear Propulsion Information Agreement, a key step in advancing the review into the potential for Australia to acquire conventionally armed, nuclear submarines and technology. The agreement, foreshadowed in the AUKUS arrangement between the nations, allows the US and the UK to…
The Western Australian government has committed an additional $2 million to the Collie Futures Small Grant Program. The program, which supports economic diversification in the former coal-mining and coal power generation town, provides for grants of up to $100,000 for businesses and not-for-profits in Collie to drive local jobs. In total, 28 businesses and not-for-profits…
Analytical and life sciences instrument manufacturer Trajan Group has completed the purchase of the German private businesses of Axel Semrau for a total of $26.5 million. Trajan purchased Axel Semrau GmbH and Semrau Immobilien GmbH which develop and manufacture laboratory automation and chromatography software and detection systems. The German companies had a turnover in the…
By Peter Roberts BAE Systems Australia has installed locally-developed autonomous operation hardware and software in twenty M113 AS4 Optionally Crewed Combat Vehicles (OCCVs) and delivered them to the Australian Army. Each M113 AS4 was fitted with a Vehicle Management System, derived from BAE Systems’ domain agnostic autonomy technologies which enables it to operate autonomously. At…
Construction of battery gigafactory accelerates Energy Renaissance is pressing ahead with construction of Renaissance One, the company’s lithium battery production plant in Tomago, NSW. The company said work at the site (pictured) was picking up pace, with development partner ATB Morton now erecting steelwork. “Over the next few weeks the facility will start to take…
Treasury Wine Estates has furthered its strategy of premiumising its US wine businesses with the $433 million purchase of Frank Family Vineyards. The maker of Penfolds wines bought the Napa Valley, California business on an EBITDAS multiple of 13.2, which TWE said was favourable compared to the company’s current luxury wine transactions. FFV’s portfolio is…
Compostable stretch kitchen wrap business Great Wrap has launched its Australian-made compostable catering wrap for businesses across the country. Made from food waste, Great Wrap initially launched a domestic Compostable Cling Wrap, but now provides a solution for commercial waste challenges that is suitable for restaurants, grocers, delis, bakers and more. The company also takes…
Leading businesses were celebrated this week for their work towards improving packaging sustainability as part of the Australian Packaging Covenant Organisation’s (APCO) Annual Awards ceremony. Businesses including Kellogg, Nestlé, Coles, BioPak, and CHEP were among the big winners, each taking home multiple accolades. In total, 22 awards were handed out to businesses in industry sectors…
Electronic Warfare and surveillance technology company DEWC Systems has partnered with the Australian Institute for Machine Learning (AIML) to explore AI and machine learning to detect radio frequency (RF) signals. AIML, part if the University of Adelaide, and DEWC will detect and classify RF signals in complex environments as part of their Miniaturised Orbital Electronic…
Pokie machine manufacturer and and online gamming business Aristocrat Leisure has rebounded from a nadir during the Covid-19 pandemic a stronger, more diverse and resilient business, according to the company’s FY21 report. The Sydney company saw an 81 per cent growth in net profit after tax to $865 million, up 102 per cent on the…
