Shares in Australian-Israeli anti-drone security company, DroneShield (ASX: DRO) leapt 22 per cent this week on more positive sales news. The company reported increased cash inflows for the June quarter, continuing positive cash flows from its drone detection and counter-measure product portfolio. Record cash inflows of $1.1 million were recorded, reducing net cash burn to…
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A report by the Institute for Energy Economics and Financial Analysis release this week argues that Australian gas producers are behaving like a cartel, and that a domestic gas reservation should be implemented to fix prices at $5 per gigajoule. The philanthropically-funded international organisation argues that gas prices – which are tied to electricity prices…
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Vitamin manufacturer Star Combo Pharma (ASX: S66) has outlaid $60 million to buy natural health, food and beauty business, Bio-E. Bio-E is a highly profitable marketer however it does not have the manufacturing footprint of Star Combo. The companies have “complementary skill sets (through) combining Star Combo’s R&D and manufacturing capabilities with Bio-E’s marketing and…
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By Jessica Mascione A partnership between three Australian advanced manufacturing SMEs is helping deliver training targets equipped with controlled thermal signatures to the Australian Defence Force. A world-first in commercial viability and agility, and a new capability for the Australian Government, the product enables army personnel to successfully engage practice targets using remote SMArt155 Precision…
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IP Australia has launched a new tool for image searching on the Australian designs database.
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CSIRO, University of Queensland, Australian National University and Charles Darwin University have announced a partnership on a five-year, $5.75 million Responsible Innovation Initiative, aimed at addressing challenges presented by scientific and technological change.
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Twelve months on from securing $4.8M in Series A funding, MOVUS, the developer of Industrial IoT sensor, FitMachine, has increased the scale and reach of the company. MOVUS has increased staff from 12 to 25, expanded its R&D facilities and committed to manufacturing its FitMachine wireless IoT sensor in Queensland. Last year’s funding round by…
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Electric commercial vehicle developer SEA Electric has reached a major milestone, testing its’ SEA-Drive 120 powered Ford 59 EV at Roush in Detroit last week. An optimal operational profile was identified, and a range of 606 km (377 miles) was achieved. The Ford utilises the company’s Australian made electric drive systems. The Ford was tested…
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THC Pharma has received a licence to manufacture medical cannabis at its Southport facility.
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Melbourne-based additive manufacturing business Titomic (ASX: TTT) has announced production trials of “high-wear resistant parts” for Denmark’s FLSmidth, which could lead to exports if successful.
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