New ASX index launches without manufacturers
A new Australian Stock Exchange index goes live today representing an all inclusive view of Australia’s technology companies – yet it fails to include any manufacturers.
Free benchmarking tool to increase your manufacturing business value
By QMI Team Take advantage of this short-term offer, available to all Queensland manufacturing businesses. What It Is CoreValue is exactly what it sounds like: a benchmarking diagnostic tool that scans your business down to its core to pinpoint gaps that are keeping your company from reaching its “true worth”. Backed by 30 years of research…
XTEK sets sights on space
A new advanced manufacturing centre in South Australia will allow ballistics company XTEK to expand in to new markets, including the US, and new industries such as space.
Victoria and SA to inject hydrogen into gas networks
Gas technology group Australian Gas Networks has been awarded $1.3 million from the Australian Renewable Energy Agency to study the feasibility of injecting renewable hydrogen into domestic gas supplies in Victoria and South Australia. With state government support the company will spend a total of $4.15 million studying the feasibility of injecting up to 10…
Boral profit confirms slowing economy
Financial results from building giant, Boral point to an Australian economy that was already slowing rapidly last year only to be further hit by bushfires, extreme weather and major project delays. The company’s earnings before interest, tax and amortisation was down 18 per cent in the first half of the financial year on revenue up…
Melbourne company’s antiviral spray could offer protection against COVID-19
Australian medtech company Firebrick Pharma has said its disinfectant nasal spray, which is currently in clinical trials for treating respiratory viruses, could be a weapon against the COVID-19 coronavirus.
Australian metal detector company strikes gold with record profit
South Australian technology company Codan Limited has announced a record half-year profit of $30.4 million on the back of booming sales of its hi-tech metal detecting and communications equipment.
Titomic and Thales partner in titanium soldier equipment
Additive manufacturing technology company Titomic has partnered with French defence giant Thales to manufacture lighter and stronger titanium equipment for soldiers. Under the agreement Titomic will use its Titomic Kinetic Fusion (TKF) manufacturing process to develop ways for Thales to produce soldier weapons systems for the Australian and UK defence forces. The TKF process is…
NSW government announces planned space hub within Sydney tech precinct
The state government has announced a NSW Space Industry Development Strategy and $5 million in support for a new space industry hub, which it hopes will lure in startups operating within the fast-growing space sector.
Carbon Revolution on track for first year profitability
Recently listed carbon fibre composite wheel manufacturer Carbon Revolution is aiming to be EBITDA positive in the last quarter of the financial year as it continues to ramp up production. In its first report as a public company Carbon Revolution reaffirmed its aim of total revenue for the year of $62 million and production of…