Perth marine engineering group VEEM has grown profits in the latest financial year despite the cyclical nature of some of its big ticket defence contracts. The company, which manufacturers ships propellers, drive shafts and stabilising gyro systems, recorded net profit after tax of $2.76 million in 2019, up $500,000, on turnover of $40.7 million. EBITDA…
Australia’s gas industry is up to the challenge and opportunities presented by the increasing use of hydrogen as a fuel, according to industry players. The Australian Pipelines and Gas Association ceo, Steve Davies told the APGA annual convention yesterday that Australia’s 45,000 kilometres of high pressure gas pipelines were the optimal infrastructure to deliver gas.…
Analysis by Peter Roberts It is now official. Australia now has the economic diversity and export profile of a typical third world nation. Our antipathy to value-adding activities such as manufacturing in favour of industries that require little more than digging it up and shipping it out, has left us dangerously dependent on quarrying. According…
Nerve regeneration company Orthocell (ASX: OCC) is one of two Australian biotech to announce good news in the past week. The Perth company reported positive interim clinical results for CelGro, its collagen-based structure used as a scaffold to help rebuild damaged peripheral nerves. Orthocell’s CelGro achieved positive results in studies of 12 patients at St…
Australia’s National Innovation and Science Agenda (NISA) launched with much fanfare in 2015 is winding down with projects and funding drying up. The latest casualty is CSIRO’s On Accelerator programme which is to be closed as NISA ‘expires’ on 30 June 2020. The ON programme aimed at supporting teams of researchers from publicly funded research…
Robotic technology venture Fastbrick is to build its first new homes using the Hadrian X bricklaying robot under a commercial deal with Summit Homes Group. Fastbrick, a joint venture between technology developer FBR (ASX: FBR) and brick manufacturer Brickworks (ASX: BKW), will commence a three-stage pilot building programme for the builder. It is the first…
Adelaide’s Flinders University has signed two agreements to provide research and advanced manufacturing technologies to the city’s expanding naval shipbuilders.
CSIRO, the Victorian government and industry partners have developed technology to allow home rooftop PV and battery systems to charge electric vehicles. The organisation teamed up with Nissan and Delta Electronics to overcome problems faced by home PV and battery systems, which can overheat and lose efficiency when charging an EV on hot days. Three…
High-speed welding technology developer K-TIG (ASX: KTG) has rejoined the Australian stock exchange after raising $7 million from investors. The company is commercialising a former CSIRO technology known as Keyhole TIG which operates at a fraction of the cost and time of conventional systems. The listing was a backdoor listing, involving the purchase of Serpantine…
The federal government has announced a number of naval defence industry contracts where work flows to SME technology companies and manufacturers. In separate announcements, defence industry minister Melissa Price revealed new contracts for the $50 billion Attack class submarines and a R&D grant to develop naval unmanned systems. Price announced: # Lockheed Martin had signed…
