Founder and CEO of Savic Motorcycles Dennis Savic has said he couldn’t be happier with his company’s capital raise that closed late last night having raised $1,224,049. The Melbourne company was aiming to raise between $500,000 and $2 million, with shares priced at 23 cents a share. Savic raised the cash to fund commercialisation of…
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The integration of the complex combat systems on the Royal Australian Navy’s existing guided missile destroyers and Hunter class frigates will be done in Australia, following an agreement between three of the country’s largest defence companies and the Department of Defence. BAE Systems Australia, Lockheed Martin Australia, Saab Australia and Defence have signed a Combat…
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Building-integrated photovoltaics company ClearVue Technologies has been awarded a $2 million grant from the Western Australian government to bring manufacturing of its core components onshore. The company will establish a WA-based photovoltaic (PV) and nanoparticle components manufacturing facility. Onshoring will mitigate supply chain risks in line with the company’s global strategy, while benefitting the economy,…
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A Charles Darwin University (CDU) research group has shared what would be needed to create a food manufacturing hub in Darwin during this week’s Food Futures Conference Northern Australia Food Technology Innovation (NAFTI) project manager Dr Warren Hunt and University of Tasmania Professor Roger Stanley presented the findings from a 15-months research program to the…
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Luxury and premium wine maker Treasury Wine Estates is again taking the microscope to its operations and plethora of wine brands seeking efficiencies and potentially selling off more wine brands. The company has been undergoing a process of what it calls premiumisation since the shock of the imposition of import tariffs by China on its…
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Danish investment group Copenhagen Infrastructure Partners (CIP) has announced plans to build a green hydrogen production hub in South Australia’s Eyre Peninsula valued at up to $30 billion, according to reports. The company’s Evergreen project aims to install 14 GW of solar and wind capacity and seven GW of electrolysis capacity – the equivalent of…
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By Mehdi Seyedmahmoudian, Swinburne University of Technology; Alex Stojcevski, Swinburne University of Technology, and Saad Mekhilef, Swinburne University of Technology Electric vehicle advocates say the cars ultimately have a smaller carbon footprint than their fossil-fuelled counterparts and could resolve our energy concerns for good. Well, fair enough, but questions arise when we dig into the…
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ACOR report estimates the value attached to recycling The Australian Council of Recycling (ACOR) has released a new report that it says “demonstrates the immense economic value of the recycling sector.” The Economic Contribution of the Australian Recycling Industry, authored by Australian Economic Advocacy Solutions, estimates that over the past year, the recycling sector contributed…
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In today’s installment of Celebrating Australian Made – our two-week editorial series sponsored by Australian Made – we catch up with Sebel, which has manufactured a place to sit for countless people. Brent Balinski speaks to Shane Fellowes. In 1974, the world’s first monobloc plastic moulded chair, Sebel’s Integra, went into production. Engineer Harry Sebel…
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Minesite solutions provider Tradesales and bulk water provider Aquapax have introduced a novel solution for drinking water systems in remote mining operations. The capital investment required to establish drinking water systems at new mining sites remains a significant challenge, with the two companies developing a Bulk Water Hydration Station which addresses cost concerns while minimising…
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