SEA Electric to display four truck models at Expo
Australian electric vehicle drive manufacturer SEA Electric will display four Ford and Hino-based electric trucks and vans at the Ride & Drive experience scheduled for Long Beach, California in September. The vehicles feature the Melbourne-made electric SEA-Drive Power System (pictured), which are fitted to chassis in the United States. The company is building a truck assembly operation in the La Trobe Valley. SEA Electric, which recently moved its headquarters to Torrence, California, is partnered with Toyota offshoot Hino Trucks USA for its ‘Project Z’ zero-emissions range of medium and heavy-duty trucks.
a2 Milk down in Covid year on China woes
Specialist milk products supplier a2 Milk suffered a 30.3 per cent drop in revenue in FY21 to $1.21 billion as English label infant nutrition sales channels were disrupted by the Covid-19 pandemic. Margins suffered as the company was forced to sell a higher proportion of liquid milk and less infant nutrition product. Earnings before interest tax depreciation and amortisation was down 77.6 per cent to $123 million, including $109 million in stock write downs and $10 million spent acquiring Mataura Valley Milk. Net profit after tax was $80.7 million.
Digital Health CRC launched at Lot 14
The Digital Health Cooperative Research Centre (CRC), a focus for digital health innovation and commercialisation, has launched in Adelaide’s Lot 14 technology precinct. The CRC, which plans to invest $200 million of government and private cash over 10 years, includes the Digital Hive commercialisation hub, also known as Digital Health Innovation Ventures. The CRC joins other businesses headquartered at the former hospital site including Amazon Web Services, Google Cloud, Accenture, the Australian Institute for Machine Learning and MIT bigdata Living Lab. Premier Steven Marshall said: “Digital health innovation presents the most significant potential driver for transformative change in healthcare in decades.”
Quickstep’s 2021 a year to forget
Aerospace composites manufacturer Quickstep slipped into losses in the year to June 30 despite increasing revenues by 3.4 per cent to $85 million. The Sydney company reported earnings before interest and tax of $98,000 for the year compared to a $4.6 million profit the year before. The company recorded a loss after income tax benefits of $271,000, a $4 million downturn from FY20. Quickstep booked a $2.8 million charge related to a customer not proceeding with an order for an aircraft flare housing, and a gross profit fall of $2.7 million relating to adverse movements in the value of the dollar – much of its sales are denominated in US dollars.
EXPLOR and UTS to develop space robotic arm
EXPLOR Space Technologies and UTS Sydney have joined together to create a remotely controlled robotic arm that can be operated on the Moon. The partners envisage the arm attached to a mining rover on the Moon but operated utilising virtual reality from Earth. Other partners include Stardust Technologies and ispace Europe SA which would transport the rover to the Moon. The parties plan to apply to the Australian Space Agency for support.
Adherium progresses patient monitoring sensor
Medical device and digital healthcare group Adherium’s R&D programme with Planet Innovation has achieved 510 (k) registration under the United States’ Food, Drug and Cosmetic Act for its digital respiratory medical devices in preparation for sales in the US. Adherium’s Hailie technology to remotely monitor patient usage of inhaled respiratory drugs used to treat conditions such as asthma is also being further developed for other conditions. The company, which reported a $15 million loss from ordinary activities for the year to June 30, also piloted a ‘zero touch’ feature which allows patients to connect the sensors with improved Bluetooth connectivity. Adherium raised $21 million in the year from Viburnum Funds.
Picture: SEA Electric
Subscribe to our free @AuManufacturing newsletter here.