Ainsworth buys US games developer

Poker machine and gaming manufacturer Ainsworth Game Technology has bought US-games developer MTD Gaming Inc for an initial consideration of US$13 million. The Sydney company will pay an additional US$13 million to MTD’s private owners on the delivery of financial targets and contract renewals. Ainsworth, founded by Len Ainsworth who started the world’s second-largest gaming…

Issartel – HIFraser aims to build submarine industrial capability

An ambitious international/Australian partnership is seeking to build Australian sovereign industrial capabilities in three key areas of technology to be installed on Australia’s future Attack class submarines. Issartel – HIFraser is calling for manufacturers skilled in high precision machining, boiler making, welding, surface and heat treatment services. The company is a combination of Sydney-based H.I.…

New infection frontier as COVID-19 wreaks havoc upon business

By Forum member Darren James, Partner, Commercial Disputes, Mills Oakley Many people have already been severely affected by the public health emergency caused by the novel corona virus (officially designated as COVID-19),. Our thoughts and prayers go out to the families of the 3,400 people who are reported to have died following COVID-19 infection. Quarantine…

Vital Signs: Australian and US rate cuts underline seriousness of the coronavirus crisis

By Richard Holden, Professor of Economics, UNSW This week the Reserve Bank of Australia did something everyone expected and the US Federal Reserve did something almost nobody expected. Both are revealing. At its monthly meeting Australia’s central bank cut official interest rates by 25 basis points to a record low of 0.5%. The Fed cut…

How to start your Industry 4.0 journey – by John Broadbent

By John Broadbent, leader of Industry 4.0 Workshops – getting the rubber to hit the road Improving manufacturing performance is key to ensuring all resources are being utilised in the most efficient and sustainable way. Fundamentally, it’s about doing more with less, whether it’s utilities, raw materials, waste or people. The large majority of manufacturing…

Memphasys to launch new device to boost IVF success

Medical technology company Memphasys plans its first commercial sales of its unique Felix medical device to boost success in IVF procedures in the second half of 2020. The Sydney company told investors in a market update that its automated, non-DNA damaging lab instrument for sperm separation was undergoing assessment by a series of key opinion…