Analysis by Peter Roberts One of the most innovative renewables projects planned anywhere globally has got a second lease of life with energy storage company 1414 Degrees (ASX: 14D) purchasing Solar Reserve Australia for a nominal price. For $2 million 1414 Degrees will take control of the company’s Aurora Solar Energy Project at Port Augusta…
Maggie Beer Products are emerging as the star of multi-brand premium food group Longtable (ASX: LON) whose results continue to be held back by other brands in the business. Now in its first full year of ownership, Beer’s iconic Barossa Valley fine foods are continuing their turnaround following 2019 when they cut fixed and overhead…
A Victorian and a NSW-based company have been announced as the first Australian partners on major equipment design contracts for the new fleet of submarines. Defence industry minister Melissa Price announced on Thursday that H&H Machine Tools of Melbourne and Berendsen Fluid Power of Seven Hills had been selected for work “estimated at $20 million,…
Comment by Peter Roberts One thing has been left out of the discussion of major government outlays developing Australia’s sovereign ability to build and maintain naval ships. That is the requirement for SMEs to play their part and invest large sums that often challenge – and risk – the resources of what are family owned…
Prefabricated data centre manufacturer DXN Limited (ASX: SXN) is growing strongly on the back of demand from government, the 5G communications rollout and edge computing customers. CEO Matthew Madden told the company’s annual general meeting today today that the company was focusing on growing its sales pipeline in a market that was expanding at 20…
A $520 million growth fund to provide patient equity capital for small and medium enterprises has been announced by the federal government.
Medicinal cannabis cultivator and manufacturer Althea Global (ASX: AGH) has ended the year hitting milestones with 3,031 patients prescribed the drug by 375 healthcare professionals. Only 159 patients had been prescribed the company’s products a year ago. CEO Josh Fegan told the annual general meeting that the company also entered the United Kingdom market and…
v2food which developed the Hungry Jack’s plant-based Rebel Whopper has raised $35 million in venture capital to fund R&D and build a production facility. The company, which used CSIRO R&D capabilities to launch the new burger earlier this year as reported in @AuManufacturing, raised the cash from Australian and Asian interests. Tipping in funds, according…
Melbourne pharmaceutical manufacturer Baxter Laboratories has celebrated 25 years as a manufacturer of skin care products, sunscreens and topical pharmaceutical. Staff paused to celebrate 25 years of service at the plant yesterday (below). The company offers a complete service to third parties from research and development to regulatory services, manufacturing, filling , warehousing and global…
Melbourne drone technology company AVT Technologies has been awarded $5.2 million to develop a system to improve the quality of images taken by drones. The grant from the Defence Innovation Hub follows an earlier $2 million grant to develop a micro gimbal weighing less than 250g that features 50x zoom and thermal imaging. AVT is…
