Maggie Beer drives Longtable sales
Sales of Maggie Beer premium foods are accelerating as the company beds down its role as a cornerstone of the Longtable food group. Maggie Beer sales were up 37 per cent in 2020 over the previous year, while final quarter sales were up 220 per cent on the previous corresponding period. New cheese lines and ready made meals are driving growth especially in e-commerce channels. Longtable’s Paris Creek and St David dairy businesses also performed well during the year.
LBT Innovations raises $8 million
Medical technology company LBT Innovations has successfully raised $8 million in new capital in a placement with institutional investors. A shareholder offer for $1 million in new shares will follow. The cash will speed commercialisation of the company’s APAS Independence automated microbiology instrument.
Archer Materials begins quantum silicon chip production
Technology development company Archer Materials has begun quantum control measurements on its qubit components, a key step in producing silicon quantum computer chips. Quantum control component fabrication, prototyping, measurement and materials characterisation has commenced at its Sydney foundry (piictured). Archer is aiming to produce its CQ room temperature quantum computing chip.
Australia and Japan sign space industry collaboration agreement
Prime Minister Scott Morrison and Japan’s Prime Minister Shinzō Abe acknowledged the signing of the Memorandum of Cooperation (MOC) between the Australian Space Agency and the Japan Aerospace Exploration Agency (JAXA) at the Australia-Japan Virtual Leaders Meeting Thursday. The Australian Space Agency is working with JAXA on a range of activities, including the planned return of JAXA’s asteroid explorer Hayabusa2
Creso Pharma in new sales to Israel
Medical cannabis producer Creso Pharma has received an order for its premium cannabis products from a subsidiary of Israeli company Univo Pharmaceuticals. The $US625,000 ($894,653) order is for Creso’s cured and dried medicinal cannabis flower.
Murray River Organics to supply Woolworths supermarkets
Murray River Organics Group will launch a range of its branded products in Woolworths from September. The supermarket chain will stock a core range of five new branded Murray River Organics products together with four seasonal products. The company is Australia’s largest grower of edible organic hemp, and also provides breakfast cereals and food ingredients.
Picture: Archer Materials/quantum silicon chip foundry
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