Cortical Dynamics has received regulatory approval which will lead on to an ability to sell its brain anaesthetic response monitoring (BARM) system device in South Korea. The Perth company’s Korean distributor, Globaluck, received a certificate of approval from the Korea Good Manufacturing Practice, according to an announcement by Cortical shareholder, bphenergy (ASX: BPH). The approval…
CSIRO, Main Sequence Ventures and Jack Cowin’s Competitive Foods Australia have teamed up to back v2food, a start-up developing a plant-based meat substitute. The company, headed by former Masterfoods and PepsiCo Research Director, Nick Hazell, will likely sell its product through the Hungry Jack’s chain, part of Competitive Foods ‘whch has provided start-up capital. Head…
France’s Schneider Electric which has a large Australian manufacturing footprint has been awarded the important contract to supply DC switchboards to the $50 billion Attack class submarine programme. The company, which employs 4,000 in Australia including at its large Clipsal facility in Adelaide, will transfer technolocy to its local arm to enable it to make…
Magnis Energy (ASX: MNS) has moved a step closer to a go ahead for its proposed billion dollar lithium ion battery plant with the submission of a feasibility study to the Queensland government. The study, which examined the building of an 18GWh mega factory in three stages at Townsville, concludes the plant would cost $3…
Bus manufacturer Volgren is to debut its all electric battery bus made in Victoria at the 2019 Bus Expo and Maintenance Conference, according to reports. The Driven reported that the bus would be displayed for the first time at the EXPO in Victoria on October 19. Volgren announced in May it has begin production of…
Green Distillation Technologies which has been developing tyre recycling operations in Australia has signed a deal worth up to $50 million to establish five recycling plants in South Africa.. Under the agreement Volco Power, which shares directors with a company that has extensive solid waste services, will build plants in five of the nation’s nine…
Australian drone countermeasure company DroneShield (ASX: DRO) has won an Australian army contract to provide portable unmanned aerial system (drone) detection devices. The company, which is listed locally but operates mainly overseas, won a $700,000 tender made up of a combination of an initial purchase price and an annual subscription component. DroneShield’s CEO Oleg Vornik…
Comment by Peter Roberts The news this morning is that Rip Curl, the iconic Torquay Victoria surf brand is being sold to New Zealand’s Kathmandu for $350 million. And so another great Australian dream of designing and manufacturing great products completes its long, slow decline to full overseas ownership. The Rip Curl story is yet…
Canberra’s Electro Optic Systems ASX:: EOS) has bought satellite communicatons systems maker EM Solutions for a total of $26 million in cash and shares. The company will be added to EOS’s new communications systems business segment, announced in @AuManufacturing news earlier this week. EOS is a leading manufacturer of remotely operated weapons systems and laser…
South Australia’s innovation minister David Pisoni has given a first glimpse into Precision Buses expanded manufacturing facility at Edinburgh in northern Adelaide. The facility, enlarged to cope with a state government bus purchase of 340 buses, has taken on an extra 40 staff, bringing the full complement to 95. “This is the place where South…
