Premium and luxury wine manufacturer Treasury Wine Estates has returned to a pattern of improving margins and earnings growth as it emerges from a reorganisation following Australian wine’s sudden exclusion from the China market. Announcing FY22 results that saw profit rise on a slight fall in sales, TWE CEO Tim Ford said relentless execution of…
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ACS announces investment for hypersonic and space manufacture Advanced Composite Structures Australia has announced investment in new machinery for production of components suitable for hypersonic flight. In a statement on Wednesday, accompanied by a short promo video, the company mentioned a recent $240,000 Australian Government Defence Global Competitiveness Grant, which helped “increase production rate and…
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Provaris Energy has completed a feasibility study for the proposed HyEnergy Project for the export of 200,000 tonnes per annum of green hydrogen from the Gascoyne region of Western Australia with a focus on delivery to Singapore. The HyEnergy Project partners Province Resources and Total Eren as well as the WA government have been told…
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Perth international shipbuilder Austal has upgraded its profit expectations following the receipt of a massive $4.35 billion contract for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC, pictured) for the United States Coast Guard (USCG). The first vessel has been contracted to the US Coast Guard with options for a…
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US government approval of a US$700 million package to develop uranium fuels needed for small modular reactors (SMRs) has landed Australian laser enrichment technology company Silex Systems with renewed opportunities. The government’s funding to support its high assay low enriched uranium (HALEU) availability program over the next four years aim to develop fuels for the…
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Boeing has announced that it has grown its team of suppliers hoping to deliver the JP9102 defence satellite communications program.
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Nuclear diagnostic lung imaging company Cyclopharm has announced record group revenue for the latest half year of $11.4 million, up 35 percent on the previous corresponding period. The company, which sells medical devices and pharmaceutical products under the name of Technegas, saw Technegas generator sales rise 32 percent to $1.65 million and sales from patient…
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Ballistic armour manufacturer XTEK has announced another sale of ballistic armour and helmets – this time to a US government agency. The company’s HighCom Armor Solutions Inc. business, received the order valued at $2.7 million for thousands of items of specialist body armour and ballistic helmet equipment. The company expects the order to be quickly…
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ASX-listed blood products and vaccine company CSL announced decarbonisation targets on Wednesday, with a goal of scope 1 and scope 2 emissions reduction of 40 per cent by 2030.
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“Change that adds value.” Maybe you just thought of the word “innovation”, which the above is a common definition for. As with other words, there are multiple understandings and definitions for innovation. A couple of years ago Stuart Elliott, a co-founder at Planet Innovation, told us that it is “not about research and it’s not…
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