Services drive Cochlear profits in competitive implant market

Services are increasingly driving profit growth for bionic ear manufacturer Cochlear (ASX: COH) in an increasingly competitive medical device market. The Sydney company sold 34,083 hearing implants in the year, down three per cent, as competitor new product launches in the United States and Germany hit sales. However sales are growing again with the launch…

Two funding wins for Australian battery production

Two groups progressing to manufacture modern batteries and systems in Australia have received government funding boosts. Queensland battery system manufacturer RedEarth has received a $5 million investment from the $80 million Queensland Government Business Development fund. The investment, which matches 4.75 million raised from investors, will boost production of the company’s residential and commercial scale…

Lithium Australia recovers lithium from spent li-ion batteries

Lithium Australia (ASX: LIT) has successfully refined lithium phosphate from spent lithium-ion batteries (LIBs), and is proceeding to manufacture cathode powders. The company, announced it was producing lithium-ferro-phosphate (LPT) coin cells to test the performance of its re-birthed cathodes, effectively proving its novel battery recycling technologies. The Perth company has also recovered nickle and cobalt…