Services drive Cochlear profits in competitive implant market

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…

South Australian companies lead defence industry innovation boost

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…

Two funding wins for Australian battery production

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…