Agricultural biotechnology company Terragen Holdings (ASX: TGH) is reporting sales up 45 per cent as it increases distribution of its two launch products. The Queensland company, which raised $20 million on listing, produces microbial-based treatments and feeds at its Coolum plant. The company reported sales up until November of its Great Land microbial soil conditional…
Perth global shipbuilder Austal (ASX: ASB) has delivered its latest expeditionary fast transport ship, the USN Puerto Rico (EPF 11), to the US Navy at a ceremony at its yard in Mobile, Alabama. In August the vessel was the first of its class to complete integrated sea trials, involving builder’s trials and acceptance trials, in…
By Peter Roberts Defence, space and communications group Electro Optic Systems (ASX: EOS) has raised $85 million from investors and shareholders, confirming investor appetite for progressive manufacturers. The company announced it had raised $17 million – $10 million more than initially sought – in a share purchase plan from existing shareholders. This came on top…
Respiri Limited (ASX:RSH) has achieved TGA approval to list its wheezo asthma monitoring device (pictured) on the Australian Therapeutics Goods Register (ARTG). The device is the world’s first digital wheeze monitoring solution of sensor, smartphone application and digital health platform to help people manage respiratory disease. TGA approval came after the Melbourne company undertook an…
High-speed welding technology developer K-TIG (ASX: KTG) has signed on as a formal member of the UK’s Nuclear Advanced Manufacturing Research Centre. The company, whose technology has proven effective in nuclear container fabrication, cemented years of collaboration with the signing. The signig took place in Sheffield, UK. The Nuclear AMRC is made up of government,…
Holden has dumped its once market-leading Commodore nameplate as sales of the brand continue to tank. With sales of about 6,000 a year, the model is obviously unviable. But then again it was always on the cards – no-one really expected that buyers of the big rear drive Commodore made in Adelaide until 2017 would…
A second plant-based meat food business, Fable, has attracted capital as factory-made meats take off. Fable raised $1.5 million from Atlassian co-founder Mike Cannon-Brookes, Blackbird Ventures and angel investors, according to a report in Channel 9 media. Fable’s plant-based meat product launched at Heston Blumenthal’s Dinner restaurant in Melbourne on Tuesday is said to have…
Two major engineering contracting, manufacturing and maintenance groups have joined forces with the purchase of BCG Contracting by NRW Holdings (ASX: NWH). BCG will be renamed NRW with the combined group employing 8,300 in numerous facilities and factories in every mainland state. More than 13,500 casual staff are also employed. NRW is a diversified provider…
Comment by Peter Roberts Having failed in its last attempt to slash the cost of, I mean ‘reform’ the R&D tax incentive – its own Senators refused to vote for it – the government is trying yet again. Smarting from a rejection of its efforts to slash, I mean ‘reform’, the scheme earlier in the…
Battery anode and graphene materials group Talga Resources (ASX: TLG) has raised $6 million in an oversubscribed share purchase plan. The company had been planning to raise $3 million, but will keep the additional funds to scale up the business including increasing production of its Talnode anode operation. Talga chairman Terry Stinson said the additional…
