Tasmanian companies have secured up to $100 million in contracts on the two upcoming Spirit of Tasmania ferries, currently being built in Finland, the state government said on Thursday. In a statement, the Tasmanian government said Launceston business Waverley Mills has secured a contract to supply two types of throw rugs, with an order for…
Details
By Zdenka Kuncic, University of Sydney and Ruomin Zhu, University of Sydney The world is infatuated with artificial intelligence (AI), and for good reason. AI systems can process vast quantities of data in a seemingly superhuman way. However, current AI systems rely on computers running complex algorithms based on artificial neural networks. These use huge…
Details
US-based biotech company Moderna has announced the launch of the mRNA Platform Incubator Network, linking Australian organisations with strength in translational and pharmaceutical science, early-phase clinical trials and regulatory science. According to the maker of the Spikevax COVID‑19 vaccine, the group aims to “advance mRNA medicine, foster scientific excellence in clinical translation in Australia and…
Details
Following its Australia’s semiconductor manufacturing moonshot report last year, the Australian Strategic Policy Institute has published a follow-up report on developing the talent pipeline needed to underpin a local chip industry. Published on Thursday, Australia’s semiconductor manufacturing moonshot: securing semiconductor talent looks at the importance of developing skills, global human capital challenges, and – as…
Details
Ark Energy has released images of the ceremony marking the groundbreaking for its planned green hydrogen hub in Townsville, Queensland. Townsville state MP Scott Stewart, Mayor Jenny Hill, partners, suppliers, contractors and key stakeholders joined company executives to celebrate the start of construction of Stage 1 of SunHQ H2 Hub. According to Ark Energy: “So…
Details
Pharmaceutical and medicinal cannabis manufacturer IDT Australia has reported a sales turnaround with revenues of $3 million in Q1FY24, up 300 percent on the previous corresponding period. The company told investors it has secured a further $2.1 million in new contracts in October with $4.2 million in contracts at the approval stage. The company’s sales…
Details
Food processing and packaging solutions business TNA solutions announced the addition of a third manufacturing site in Australia, at Western Sydney’s Wetherill Park, on Monday. TNA said the expansion aimed to meet growing global demand from the confectionery and nutraceuticals sectors, and is its second confectionery manufacturing site in Sydney. “With our new Wetherill Park…
Details
The Australian Renewable Energy Agency (ARENA) has announced $11 million in funding to innovative Australian solar technology company SunDrive Solar to expand its novel solar cell metallisation capabilities. The company’s solar cell production capacity will rise from prototype scale of 1.5 MW/yr to commercial capacity of greater than 100 MW/yr. SunDrive has previously received $3…
Details
Industry organisation AusBiotech has released a new report calculating the return from the federal R&D tax incentive reached $3.14 for each dollar of forgone tax revenue. The Economic impact of the Research & Development Tax Incentive for the biotech industry report (linked here) was developed with Deloitte Access Economics, and estimates that the RDTI for…
Details
Steel maker InfraBuild announced its financial and operational results for the year ending June 30, with net revenue of $5,686 million (down five per cent) and EBITDA of $651 million (down 2 per cent) for the financial year. In a statement on Wednesday, the company – part of Sanjeev Gupta’s GFG Alliance – described performance…
Details