Victoria backs new electric truck manufacturing facility.

The Victorian government has announced financial support to electric truck maker SEA Technologies to build a new plant in Victoria’s La Trobe Valley. The facility is expected to employ 500 Latrobe Valley locals, and assemble 2,400 vehicles a year – specialising in the production of electric delivery vans and minibuses using SEA Electric’s proprietary, and…

Two Fleet Space IoT micro-satellites to be launched from NZ.

US rocketry company Rocket Lab is to launch two Adelaide-made micro-satellites from its NZ launch complex ‘in the coming weeks’. Adelaide’s Fleet Space Technologies’ Proxima 1 and 2 micro-satellites will be sent into space where they will test its software-defined data transmission radios. Fleet Space plans a network of more than 100 nanosatellites which will…

Supacat Asia-Pacific wins armoured vehicle contract.

Melbourne-based Supacat has signed a partnership agreement with Rheinmetall Defence for the design and manufacture of systems for the army’s new Boxer combat reconnaissance vehicle (CRV) fleet. Rheinmetall recently won multi-billion contracts for the supply of its armoured 8×8 CRV, with Supacat to provide a number of sub-systems. The vehicles will be manufactured at a…

Cochlear maintains profit growth and massive dividend payout ratio.

Hearing implant maker Cochlear (ASX:COH) is demonstrating the benefits of technology leadership by maintaining an annual profit growth rate of around 10% into the future. Chairman Rick Holliday-Smith told the company’s annual general meeting that the company’s profits would rise next year in the 8-12% range. Cochlear’s profit of $246 million last year was up…