The Arnhem Space Centre (ASC) in the Northern Territory will see a series of orbital space launches following the signing of a multi-year agreement between space facility operator Equatorial Launch Australia (ELA) and Korean aerospace company INNOSPACE. The agreement will see the launch of several INNOSPACE rocket variants each carrying between 50kg and 500kg payloads…
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Medical imaging technology manufacturer Optiscan Imaging has completed a key milestone in its development of telepathology utilising its imaging systems that visualise biological structures in their natural environment. The company has been working with Canada’s Prolucid Technologies developing a telepathology platform that enables pathologists to undertake virtual biopsy assessments. The project has now passed the…
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Electronics manufacturer Codan’s FY23 results were buoyed by strong gains in its communications businesses partially offsetting disruptions to its African and exited Russian markets for its Minelab metal detection equipment. The Adelaide company reported full year underlying net profit after tax of $65 million, down 35 percent from the previous year, on group revenue down…
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Packaging and recycling group Pact Group has reported a slight fall in profit on rising revenues as it continues to invest in new packaging recycling operations and ready for further investment in its Australian packaging operations. The company reported revenue growth for FY23 of six percent to $1.95 billion in tightening economic conditions, softer demand…
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Property fund manager Westbridge Funds Management has acquired a site at Wacol, south-west of Brisbane’s CBD, described as a “modern manufacturing facility”. The purchase is through the company’s Westbridge Diversified Fund No.4 for $14.5 million, it said in a statement on Wednesday. According to Westbridge, the 1.6 hectare site at 53 Coulson Street hosts a…
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Additive manufacturing machinery and technology company AML3D has won a $2 million contract to 3D print a metal replacement component used in US Navy submarines. The breakthrough contract is for a high demand non safety critical (NSC) component that is no longer available from traditional manufacturers, creating an opportunity for the company in the US…
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By Peter Roberts It is becoming clear that the Albanese Government is not the panacea many had hoped to see leading to a reversal of the downward slide in the fortunes of Australian manufacturing. While the government is way ahead of its coalition predecessor in tackling the key issues holding back manufacturing – it is…
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Australia’s Sentient Vision Systems has partnered with US defence technology company Shield AI to offer AI-Enabled Wide Area Motion Imagery (WAMI) capability to international defence forces. Sentient, which specialises in AI-enabled passive wide area search, and Shield plan to deliver their solution to the United States Department of Defense (DoD), Australian Defence Forces (ADF) Defence…
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Treasury Wine Estates the maker of Penfolds has reported rising profits on steady revenues as its programme of premiumisation of its wine offerings and focus on luxury brands takes effect. The company reported sales revenues relatively steady at $2.4 billion for FY23, down 2.2 percent or 4.4 percent on a constant currency basis on the…
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Australian laser systems manufacturer Norseld has acquired the photonics capabilities of BAE Systems Australia, at the same time taking over contracts for key defence platforms. The photonics acquisition complements Norseld’s existing capabilities in medical laser and diamond coating for a range of industries including medical, optics, defence and space sectors. Norseld CEO Peter Shute (pictured)…
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