Gold Coast modular housing manufacturer ModnPods is to boost production following the opening of a new 6,200 square metre Arundel factory. The uplift in manufacturing capacity was made possible by an investment in ModnPods from the Queensland government through the $100 million Business Investment Fund, managed by Queensland Investment Corporation. In just one year, ModnPods…
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Pegasus International Group which claims to make the world’s only true roadable flying car capable of vertical take-off and landing (VTOL) has set its eyes on the Dubai market after a successful capital raising. The Mt Waverley, Victoria company showed off a prototype at the Avalon air show (pictured), claiming it was capable of ‘fitting…
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Family owned confectioner and food manufacturer Ferndale Foods Australia has inaugurated its $20 million state-of-the-art food manufacturing facility in Ballarat, Victoria to produce ‘better for you’ bars and snacks. Once fully operational, the new facility – the company’s third – to be known as FoodLine Australia will have the capacity to manufacture 180 million bars…
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Microbiology diagnostic equipment manufacturer LBT Innovations has fully written down the value of its major business centred on its APAS technology. The company has recognised a non-cash impairment of $13.4 million which is the full carrying value of the company’s intangible assets related to APAS, as well as a non cash write off of around…
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Seventeen companies have been selected over five categories for the WA Innovator of the Year Awards 2023, with winners to be announced in November and share in a prize pool worth over $200,000. In the running (a full list of finalists is reproduced below) are makers of the first prosthetic eardrum, a same-day antimicrobial susceptibility…
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Water filtration and sanitisation company Waterco has announced that it will acquire Davey Water Products from GUD Holdings for $64.9 million, with the sale expected to be complete on August 31. In a statement on Monday, Waterco cited benefits including expansion of its international reach, gaining a complementary product and customer base, strengthened R&D, and…
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Lithium production technology developer Lithium Australia and miner Mineral Resources will jointly develop Lithium’s LieNA extraction technology. The two companies signed a joint development agreement which will see MinRes solely fund the development and operation of a pilot plant to cost up to $4.5 million and provide raw materials to test the novel technology. Following…
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Melbourne cold spray additive manufacturing (CSAM) machinery manufacturer SPEE3D has successfully participated in Annual US Marines Corps Integrated Training Exercise 4-23 (ITX), printing on-demand parts in the field to support critical defense operations. The event was a live-fire exercise combining infantry, artillery, aircraft, combat logistics, and all the supporting elements to train battalion and squadron-sized…
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Australian small businesses participating in Boeing Australia’s first Capability Up-Lift Program have graduated with seven Boeing contracts, including agreements with three new suppliers. Vice president and managing director of Boeing Defence Australia Scott Carpendale said: “SMEs bring significant value to the Defence industry including agility and innovative technologies in key areas such as manufacturing, cyber…
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By Peter Roberts It was back in the 1980s in Sydney that I met an obscure professor of biomedical engineering from the University of New South Wales, Peter Farrell (pictured). He had most recently headed the Baxter Center for Medical Research in Australia and even then you could tell he was destined for something big…
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