By Andrew Spence Adelaide technology company MGM Wireless is making strong in-roads into the UK market with its SPACETALK smart watch and app. Sales of the all-in-one children’s smartphone, watch and GPS device more than doubled to 25,000 in the six-months to December 31 compared with 11,000 in the same period in the 2019 financial…
Senate to reconsider R&D tax incentive The Senate sits this week and is likely to reconsider the government’s controversial R&D tax incentive reforms which are similar to those previously opposed even by Coalition senators. The government responded to Senate concerns with a slightly modified bill in December, however the changes have not allayed the concerns…
Adelaide-based space company Southern Launch is planning a second rocket launching site at Koonibba, in the far west of South Australia. The company has already been granted major project status for the Whalers Way Orbital Launch Complex (pictured) on the southern tip of Eyre Peninsula which will allow access to Polar Earth Orbits. The site…
Global hydrogen advocacy group, the Hydrogen Council, predicts the cost of producing green hydrogen from renewables will fall by up to 50 per cent in the next decade as production scales up. The council’s report, Path to Hydrogen Competitiveness: A Cost Perspective, shows that hydrogen can follow a similar downward trend in prices as solar…
Biotechnology start-up Next Science (ASX: NXS) recorded strong sales growth in 2018 as acceptance grew of its novel technologies to kill bacteria. The Sydney company reported sales of $6.1 million for the year of its Xbio technology products which attack the biofilm that surrounds and protects bacteria. Four of its products have secured US FDA…
One of the few successful ways Australia has been cutting greenhouse gas emissions – large-scale wind and solar energy installations – is collapsing as a lack of federal government policy hits investment. Figures from the Clean Energy Council show investment commitments in large-scale renewable energy projects have collapsed by more than 50 per cent, falling…
Additive manufacturing technology company, Aurora Labs Limited (ASX: A3D) has signed an agreement with DNV GL to provide certification services for parts made with the company’s 3D metal printers. The Perth company will offer certification and audit services for parts through DNV GL, which will develop an independent certification process. Aurora has developed 3D metal…
Australian-listed water and wastewater treatment business De.mem Limited (ASX:DEM) recorded a strong result in its December 2019 quarterly activities report. Cash receipts of $3.3 million were received during the period, an increase of 69 per cent on the same quarter in 2018. The company reported a cash balance of $8 million as at 31 December…
China export specialist JATENERGY (ASX: JAT) generated $700,000 in net cash from the $20.8 million in cash receipts it received in the December quarter of the financial year. The exporter of Australian consumer products, which has now recorded three quarters of positive cash flows, noted a number of major milestones in the quarter. The company:…
Pharmaceutical company Immuron Inc has announced strong sales growth of its Travelan product for the prevention of travellers’ diarrhoea. The company reported Travelan sales were up in all markets with sales in the first half of the year rising 55 per cent to $1.7 million. Sales growth in Australia where the product is being advertised…
