Industrial composites systems manufacturer Matrix Composites & Engineering plunged to a $64.5 million loss after tax in the 2020 financial year with delays, deferrals and reduced capital expenditure in the oil and gas sector. Underlying EBITDA loss is $3.7 million, the difference made up by asset write downs as its markets were challenged by the…
Details
Drone counter-measure company DroneShield Ltd has received orders from government agencies of two separate European countries for its products. The first order is for the Company’s DroneSentinel multi-sensor detection system, controlled by the DroneShieldComplete Command-and-Control (“C2”) engine. The order also includes its DroneGun Tactical portable counterdrone equipment. The second order is from the Ministry of…
Details
Infant formula and goat milk company Bubs Australia maintained strong growth in the 2020 financial year despite the Covid-19 pandemic disrupting supply chains in Australia and China. Bubs CEO Kristy Carr said: “Thanks to the foundations laid by the Company over the last two years, Bubs has enjoyed a year of solid revenue trajectory across…
Details
Space, communications and defence manufacturer Electro Optic Systems experienced a horror last Covid-19 seven days to the second half of 2020. The Canberra company reported major disruptions to its supply chain in the last week of June interrupted product delivery and delayed revenues until later this year. The half year result was a loss after…
Details
Economic growth in current times will ask for identifying new, efficient ways of increased productivity, ways to integrate policy priorities across diverse sectors.
Details
France’s Naval Group Australia will open a new $25 million office in Port Adelaide as it gears up for construction of the Attack class submarine at nearby Osborne. The submarine builder has now welcomed its 250th employee as part of a rapid ramp up of staff on the way to future direct employment of 1,700.…
Details
@AuManufacturing’s Australia’s niche champions series is now in its third and final week. Brent Balinski speaks to Amanda Harris and Ben Tait of UAP about their unusual company, which is among the world leaders in creating public art.
Details
South Australian guitarist Brian Morrison, creator of the popular BAM Goddess Overdrive Pedal and its sister pedal the Classic, returns with new guitar pedals for the first time in 20 years.
Details
Biotech startup Ferronova has held a $3.5 million Series A round.
Details
Analysis by Peter Roberts It is well understood, by everyone everyone except the Coalition government in Canberra, that solar PV and wind are now cheaper than coal-fired electricity, the result of rapidly falling equipment prices. In fact in some countries, including Australia, green power is cheaper than gas. Now a new study suggests that hydrogen…
Details