Canberra-based Electro Optic Systems (ASX: EOS) has joined the list of Australia’s top 40 defence contractors published by the prestigious Australian Defence Magazine. The company, which makes laser systems to track space debris, optical telescopes, and remotely operated weapons (ROW) systems, is the country’s third largest SME defence business. EOS Defence CEO Grant Sanderson told…
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By Peter Roberts The banking royal commission has given little hope of change for small business dealings with the banks. Commissioner Hayne did not recommend extending consumer protections to SMEs, though there are avenues open to legislators that might beef up existing protections. Hayne said: “With some exceptions, I generally do not favour altering the…
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Perth shipbuilder Austal (ASX: AST) has massively increased its earnings guidance for this financial year. In an announcement to the exchange it dramatically upped sales guidance from $1.3 billion for the year to $ 1.9 billion. @AuManufacturing reported earlier this month that the company was building a major sustainment business for the ships it was…
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Analysis by Peter Roberts Blood and vaccine product company CSL (ASX: CSL) is living proof that manufacturing can not only prosper from an Australian base, but can find support among Australian investors. The company along with medical device makers, Cochlear and ResMed, stands alone in an investment landscape that otherwise is patchy in its support…
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Australian minerals technology company, Talga Resources (ASX: TLG) is progressing development of its graphene resources with potential end users in Europe and the Asia. The company announced that its December quarter saw intensified R&D activities, deepening alliances and new commercial agreements. Talga managing director, Mark Thompson said test results of several graphene battery products during…
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Singapore-Australian water and wastewater treatment company, De.mem (ASX: DEM), achieved sales growth of 262 per cent in 2019, according to a company announcment. The company, which produces membrane filtration systems in Singapore and Queensland, recorded revenues of $10.5 million in the year, up from $2.9 million in 2017. De.mem chief executive, Andreas Kroell said: “(Calendar…
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Satellite communications company Myriota has announced the first of a string of commercial products that will utilise its low-cost earth-to-satellite transmission technology.
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Adelaide nanosatellite builder and operator, Fleet Space Technology, has thrown open its array of small satellites to manufacturers wishing to connect their operations and devices. The company has launched a website seeking applications from companies and will connect up to one million devices at a cost of US$2.00 (Aud$2.75) per device, per year. Applications are…
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The Australian Industry Group’s monthly Performance of Manufacturing Index recorded a result of 52.5 in January, indicating “a very mild recovery” compared to December.
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Precision laboratory test instrument manufacturer, Liquid Instruments has raised $11.1 million in Series A venture capital funding. The company, which developed a software configurable hardware platform that integrates 12 test and measurement instruments in one, raised the funds from US-based Anzu Partners and Canberra’s ANU Connect Ventures. The funds will accelerate product development and sales…
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