Diversified brick manufacturer, Brickworks (ASX:: BKW) has defied a downturn in local construction and housing to post a record net underlying profit after tax (NPAT) of $234 million. The Sydney company booked revenue up 17 per cent for the 2019 year to $919 million, and an EBIT of $346 million up 12 per cent, according…
The federal government has pledged $3 million to deepen Australian co-operative research with the United States on unmanned defence systems. Defence industry, Melissa Price announced what is seed funding to the University of Melbourne, Macquarie University, the University of NSW and Queensland University of Technology. The funding is under the AUSMURI programme, a sister programme…
Comment by Peter Roberts Australia’s business boardrooms need to get serious about innovation, with few recognising the urgent need to prioritise innovation, acording to a new report from the Australian Institute for Company Directors (AICD). Given the current realities of Australian manufacturing, this is a comment that should be taken on board even more urgently…
Medical technology developer LBT Innovations (ASX: LBT) has won European CE mark certification for its APAS Independence laboratory instrument, allowing sale in all European countries. The company has identified 130 priority customers among laboratories in Europe, and will follow its successful strategy of placing its instruments with the laboratories for performance evaluation. APAS is an…
BlueScope Steel managed a 1.2 per cent reduction in overall greenhouse gas emissions per tonne of steel produced in the 2019 financial year, above ts target of a yearly one per cent reduction in emission intensity to 2030. However the drop in production of gases which are affecting climate, revealed in its 2019 sustainability report,…
Defence ministers have announced that two armoured personnel carriers have been short-listed to replace the army’s armoured personnel carriers. Defence minister Linda Reynolds and defence industry minister Melissa Price named Hanwha Defense Australia and Rheinmetall Defence Australia, beating out two other contenders. LAND 400 Phase 3 programme will replace existing M113 Armoured Personnel Carriers with…
Analysis by Peter Roberts A second Australian would-be quantum computer developer has emerged just as a well-known university spin-out in the fast-growing area raises $22 million in venture capital. Two year old Q-CTRL, a spin-off from the University of Sydney’s Quantum Science group, has raised $22 million in venture capital to advance its work. This…
Perth biotechnology group Proteomics International Laboratories (ASX: PIL) has further developed markets for its test technology snd test kits with news it would be sold in Europe. The company announced its PromarkerD test system to predict the onset of diabetic kidney disease would be sold in Spain under a deal with Patia Europe. The company…
By Stuart Corner of IoT Australia La Trobe University says it will be the first Australian university to offer a course specialising in IoT when it launches a two-year Master of Internet of Things course at its Bendigo campus in March 2020. Head of the Technology Innovation Lab, Dr Simon Egerton, said the course had…
Australian artificial intelligence company Stealth Technologies and control technology giant Honeywell have joined forces to develop a range of robotic autonomous vehicles. Honeywell has paid Stealth an initial $100,000 and will jointly develop mobile robots the companies believe offer a rapid payback. The vehicles will form the basis of navigation services ranging from inspection, transportation…