Queensland medical device manfacturer Oventus (ASX:: OVN) has won two new customers in the United States for its O2Vent sleep apnea treatment device. The company announced Delaware Sleep Disorder Centres and Reliable Respiratory would adopt the company’s O2Vent device as an apnea treatment across 10 US health centres. A minimum of twenty devices will be…
Services are increasingly driving profit growth for bionic ear manufacturer Cochlear (ASX: COH) in an increasingly competitive medical device market. The Sydney company sold 34,083 hearing implants in the year, down three per cent, as competitor new product launches in the United States and Germany hit sales. However sales are growing again with the launch…
Port Macquarie boat manufacturer and maritime engineering firm Birdon has won more than $700 million worth of new contracts in three months, including two contract wins in the United States.
By Jim Plouffe Defence industry SMEs from South Australia have won more than $8 million in contracts to provide the Australian Defence Force with a capability edge. Of the 15 contracts valued at more than $28 million awarded to Australian small businesses developing cutting-edge defence technologies, four are based in South Australia. Australian Minister for…
The NSW government and GE Additive have signed an MoU to develop a 3D printing centre at the Western Sydney Aerotropolis.
Waste management and recycling company Cleanaway (ASX: CWY) has released a strong result for the 2019 financial year, with revenue and EBIT both up by more than 34 per cent. The company which has been expanding at a time when Australia faces a rising recycling task, reported EBIT of $217.6 million, up 45.7 per cent,…
Fifteen grants totalling $28 million were announced on Thursday through the Defence Innovation Hub, including one to Geelong-based Carbon Revolution to develop world-first wheels for Chinook helicopters.
A University of Queensland engineer has led a team creating affordable “whiskers” to help small drones sense and navigate their environment.
Packaging giant Orora Limited (ASX: ORA) today reported big revenue gains and a profit jump in its latest financial year. The company, the de-merged Australian operations of the global AMCOR packaging group, saw a 12 per cent boost in revenues to $4.25 billion. The company also announced net profit was up 1.4 per cent to…
Two groups progressing to manufacture modern batteries and systems in Australia have received government funding boosts. Queensland battery system manufacturer RedEarth has received a $5 million investment from the $80 million Queensland Government Business Development fund. The investment, which matches 4.75 million raised from investors, will boost production of the company’s residential and commercial scale…
