Swinburne University of Technology and Sutton Tools have established a joint Smart Manufacturing Centre to work on projects in advanced manufacturing over the next five years in a model for industry/SME collaboration. A research agreement establishing the new centre, which will be based at Sutton Tools in Thomastown, Victoria, was signed by Swinburne’s Deputy Vice-Chancellor,…
Pharmaceutical developer Starpharma has reported its strong financial position and progress on numerous R&D fronts over the March quarter as it accelerates research and commercialisation of its drug portfolio. The Melbourne company spent $4.3 million on R&D in the quarter as well as manufacturing expenses, ending with a closing cash balance of $64.3 million. Net…
Molecular diagnostic company Genetic Signatures has reported year to date sales of $23 million for the nine months to March 31, more than double its full year revenue in the previous financial year. Third quarter sales were $4.3 million including instrument sales of $300,000, up 136 per cent on the previous corresponding period. The company…
The Victorian government today announced a new $20 million scheme offering companies up to $500,000 to support manufacturing innovation and capability development. The new Business Competitiveness Program is a plank in the government’s $60 million Manufacturing and Industry Development Fund, launched today by Minister for Industry Support and Recovery Martin Pakula (pictured). The program will…
Additive technology company Amaero International is to supply production and sample products to Nissan Casting and Raytheon Intelligence and Space to be produced on its own 3D printing machines. In a quarterly update Amaero said it had received an order for production dies from Nissan for a 3D tool steel insert for die-casting automotive components.…
Wound care technology developer Next Science will begin commercial sales immediately of its XPerience No Rinse Antimicrobial Solution after it received US Food and Drug Administration approval to market the product. The company’s shares soared 14.5 per cent yesterday on the news to $1.62, with the Sydney company claiming a US$15 billion market potential. Next…
The Covid-19 pandemic has accelerated many Australian manufacturers’ plans to digitise, writes Greg O’Loan. Here he discusses where our predominantly SME manufacturers should focus. Last month, we saw significant cybersecurity breaches across both the Australian Government and Channel 9. But manufacturers are also at risk, in fact globally the number of publicly recorded ransomware attacks…
The stock market goes through cycles rather like fashion with cannabis and lithium stocks snatching the limelight in recent times. Now hydrogen floats and capital raisings are all the rage with two company announcements since the long weekend. Infinite Blue Energy has raised $10 million through a pre-IPO offering to investors to accelerate its development…
Forget mega-batteries – the future is numerous decentralised small solar PV arrays and storage batteries in individual suburbs supplying Frequency Control Ancillary Services (FCAS) according to Canberra’s Elvin Group. The company today announced a five Mega Watt Hour Tesla battery for the Canberra suburb of Holt, that will provide utility and grid support in the…
Andrew Forrest has taken the first steps in his promise to embrace a hydrogen future with Fortescue Metals Group placing an order for hydrogen powered buses. The order, part of a $32 million renewable hydrogen mobility project, will see 10 full-sized hydrogen coaches (pictured) built by Hyzon Motors, to replace diesel coaches at the Christmas…
