EOS receives contract payments, cuts profit outlook

Defence, space and telecommunications manufacturer Electro Optic Systems has clawed back most of the customer payments for its biggest defence contract delayed due to Covid-19, but nonetheless been forced to slash profit outlook for the current financial year. The Canberra company cut guidance for underlying operating profit (EBIT) for FY22, excluding costs associated with its…

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Recycled plastic tram stop project awarded $300,000 Victorian government grant

A project to create modular tram stops out of recycled plastic involving Monash University, Advanced Circular Polymers, Integrated Recycling and Yarra Trams has been awarded a $300,000 grant from Sustainability Victoria. According to a statement from Monash — which is a long-time collaborator with Integrated Recycling on Duratrack railway sleepers, which incorporate recycled plastic —…

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The magical land of Oz – where net zero means doing nothing new

By Peter Roberts The federal government’s plan to achieve net zero emissions by 2050 has been officially launched. But my job in analysing the outcome of agonising negotiations within the Coalition – where perhaps a quarter to a third of MPs are open climate denialists – is not made easy because there is absolutely no…

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Manufacturing news briefs – stories you might have missed

Universal Biosensors executes US distribution deal Electrochemical test developer Universal Biosensors has signed another distribution deal in the United States for the company’s Sentia wine testing platform device. Vinmetrica (USA) will be non-exclusive distributor for a three year term for Sentia, which tests wine for sulphur dioxide, glucose, malic acid and other components of wine.…

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