Leading mineral processing equipment manufacturer Gekko Systems has been funded by the Victorian government to further refine a new medical ventilator developed by the firm. The government, which is also supporting a ventilator being developed by Grey Innovation, has advanced funds to prepare the Gekko ventilator design for manufacturing readiness. Gekko, better known for its…
A South Australian company that is building a manned multicopter to compete in its flying electric car racing series has secured seed funding from leading technology venture capital firms.
Industry minister Karen Andrews has announced the federal government’s $31.3 million agreement with a consortium led by Grey Innovation, which is expected to produce 2,000 invasive ventilators by the end of July to support patients during the Covid-19 pandemic.
In a massive revamp of its flagship Entrepreneurs Programme, the Industry department has awarded four tender contracts worth a combined $110 million for delivering the program’s commercial outcomes.
Treasury Wine Estates the owner of the luxury Penfolds wine business is to consider a demerger of its operations to allow greater focus on its premium wines. The company announced the results of a strategic review of its operations and said it would pursue one option of spliting off its more commercial brands into a…
Hearing implant company Cochlear has won US Food and Drug Administration approval for its Remote Check software which will allow hospitals and physicians to remotely monitor their patients. Remote Check will now be rapidly rolled out via the internet, allowing healthcare providers to identify those in need of audiological care during the Covid-19 coronavirus pandemic.…
The Covid-19 pandemic has turned out to be the proof of the benefits of Micro-X’s revolutionary Nano portable X-ray machine, with orders piling up for the Adelaide company. The Nano, the first X-ray machine featuring a carbon nanotube emitter, has booked $3.6 million in orders since the start of the year as health authorities embrace…
Last Tuesday, when the Prime Minister announced the government would subsidise six million jobs for six months to the tune of $1,500 a fortnight, the nation’s economists were left speechless.
The pivots by local companies to meet Australia’s PPE needs have gained coverage in the mainstream press and been a source of pride for the country’s manufacturing sector. This week businesses such as Me3D, Free 3D Hands and the FAB9 makerspace have had their efforts to 3D print visors to protect against Covid-19 infection…
Specialist braking systems manufacturer Advanced Braking Systems has continued its year-long turnaround in the third quarter of the financial year posting strong sales gains. The Perth company reported sales of $1.9 million in the third quarter, up 23 per cent on the previous corresponding period. Sales for the first nine months of the year of…
