Australian-listed water and wastewater treatment business De.mem Limited (ASX:DEM) recorded a strong result in its December 2019 quarterly activities report. Cash receipts of $3.3 million were received during the period, an increase of 69 per cent on the same quarter in 2018. The company reported a cash balance of $8 million as at 31 December…
Major South Australian oil and gas companies Santos and Beach Energy have announced the extension of ethane gas supply to Sydney-based Qenos as part of a Cooper Basin joint venture.
Boeing has announced a full-year net loss of $US 636 million, its worst-ever result, and that it will cut production of its 787 Dreamliner aircraft from 14 to 10 per month.
Medical technology group EMVision Medical Devices (ASX: EMV) has begun clinical trials of its novel stroke detection instrument (pictured). The company announced that it had received the green light for trials which have now begun at the Princess Alexandra Hospital in Brisbane. EMVision CEO Ron Weinberger said: “Taking a prototype of our complexity from the…
The Western Australian Premier Mark McGowan has announced the design for the new Australind regional express trains (pictured) to be built in the state. The government, which previously announced construction of new suburban rail cars in Perth, will contract the construction of two, three-car sets in a $54 million order. The new Perth-Bunbury trains feature…
Recreational vehicle builder Zone RV has made its third site move since getting started in 2015, and relocated to an $8 million purpose-built factory at Coolum Business Park.
The effect of Australia’s catastrophic summer of bushfires is spreading across food and beverage industries, with the maker of the iconic Grange wine, Treasury Wine Estates cutting its profit outlook for the year ahead. Treasury’s CEO Michael Clark said in his report of results for the first half of the year that drought, heat and…
Leading composites manufacturer Quickstep (ASX: QHL) has reported fast-growing sales on the back of strong orders from defence and aerospace customers. The Sydney company reported sales up 14 per cent to $18.9 million in the December quarter and strong operating cash flow of $3.6 million. With first half sales of $38.4 million the company has…
Defence, space and communications group Electro Optic Systems (ASX: EOS) has bought US space business Audacy Corporation for $10 million in cash. The Canberra company’s subsidiary EOS Defence Systems USA Inc purchase of Audacy is part of a strategy to widen the remit of EOS’s operations in the United States. The chairman of EOSDS John…
There has been a series of successful IPOs for high-tech Australian manufacturing companies in recent months, including Carbon Revolution, K-Tig and Amaero Engineering. 3D printing bureau AML3D hopes to add to this, with a place on the ASX planned for March. Founder and managing director Andy Sales agrees that investors are keen on sophisticated manufacturers…
