The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court of Australia against Perth shipbuilder Austal and its former CEO David Singleton (pictured). Austal revealed it had been notified this morning of the case, which follows an investigation by ASIC of the company’s disclosures to the stockmarket regarding its…
Specialty case manufacturer Pelican Products has gained ISO 9001:2015 certification for its Erina, NSW manufacturing facility. The company, which manufactures more than 500 standard sizes of cases used by aerospace companies, military personnel, first responders and outdoor enthusiasts, joins eight other Pelican sites globally with the certification. Pelican’s Australian managing director Christian Nyman said: “In…
Analysis by Peter Roberts For a very long time now in Australia it has been possible to get venture capital for a yet-another gold mine or some fintech app. But when manufacturing innovators go looking for capital, other than a few angel investors, the cupboard has been bare – this despite us sitting on one…
New Cellmid hair growth products to be launched Bio-technology developer Cellmid will collaborate with Pump Haircare for the supply of its FGF5 inhibitor hair growth products which will be sold under the Pump brand. Cellmid subsidiary Advangen will manufacture and supply Pump branded hair lotions including the company’s hair loss prevention and hair growth technologies.…
The energy and resources industry growth centre is to launch GeneratER, a new open innovation challenge aiming to boost SME manufacturers in the energy resources supply chain. With similar programs successful in a wide range of industries, National Energy Resources Australia will launch GeneratER next week in Perth, offering SMEs the opportunity to capture a…
Perth shipbuilder Austal has been awarded a US$44 million ($56.9 million) contract to develop and demonstrate autonomous operation of its Expeditionary Fast Transport (EPF) vessels in service with the US Navy. The company, which has a $2 billion plus contract to build 15 EFP ships for the USN at its yard in Mobile, Alabama, will…
Australia’s textile clothing and footwear industries, one of the principal victims of unfettered and often unfair import competition from China, has been the surprise beneficiary of Covid-19 disruptions, according to new figures from industry analysts IBISWorld. With Chinese exports disrupted Australia’s knitted product manufacturing industry achieved a 13.2 per cent increase in revenue to $90.6…
The federal government has awarded six companies a share in the Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund. Part of a $1.9 billion new energy technologies package announced in the 2020-21 Budget, the government aims to accelerate the development of the technology in Australia, reducing emissions and supporting new economic opportunities.…
Semiconductor technology developer BluGlass has announced an $8 million capital raising to further develop its first direct-to-market commercial laser diode product. The company, which is commercialising its Remote Plasma Chemical Vapour Deposition (RPCVD) production technology, plans a non-renounceable rights issue to current shareholders. The raising comes as the company revealed it was experiencing reliability issues…
Two of Australia’s leading local defence businesses have joined to further opportunities in remotely operated weapons systems (RWS) and ordinance. Weapons and munitions prime contractor NIOA and Canberra RWS manufacturer Electro Optic Systems (EOS) have signed a Memorandum of Understanding to jointly pursue opportunities to enhance and support EOS Remote Weapon Stations and weapon systems.…
