Production delays build inventories at Quickstep Production delays related to absenteeism, supply chain issues and equipment reliability issues were exacerbated by global labour and spare parts shortages in the fourth quarter of FY22 at Quickstep. The resulting lower aerostructure production volumes caused a build in inventory of $5.2 million in the quarter for the composites…
Traffic Technologies secures Tasmanian street light contract Traffic, IoT and smart city hardware and software manufacturer Traffic Technologies has secured a contract to supply Tasmanian electricity distributor TasNetworks with LED street lights. The contract, valued at up to $5 million, will see the supply of energy efficient pedestrian and vehicle lights, supplementing the 27,000 smart…
By Peter Roberts The story on the stock market this year has been a bloodbath in the share price performance of Australia’s small coterie of high technology manufacturers. The worst month was June, when the the ASX 200 share index lost 8.9 percent of its value and the S&P/ASX All Technology Index went backwards by…
Li-S Energy expands production footprint at Deakin Novel battery technology developer LiS Energy has grown with the addition of more facility space to increase production at Deakin University, Geelong’s Institute for Frontier Materials. Li-S has signed a lease to take an additional 1,000 square metres of space at the Waurn Ponds campus for the installation…
DXN signs fourth undersea cable contract Prefabricated modular data centre manufacturer DXN has signed its fourth contract received for additional work on the Oman Australia Cable System. The company has signed a $1.2 million contract to supply additional fibre and civil works to the cable system owner SUB.CO. The Oman Australia Cable is a 9,800km…
Winners of the 59th Australian Export Awards have been named, with Northern Territory-based aquarium products specialist Monsoon Aquatics the overall winner in 2021. The 13 category winners and overall winner — selected from among the winners in each category — were named on Thursday. Precision metal engineering company A.W. Bell and luxury motor yacht builder…
The federal government has announced Defence Innovation Hub grants of $10 million ti support development of artificial intelligence (AI) technologies and defence industry. The investment supports the government’s new Blueprint for Critical Technologies and Action Plan, released by the Prime Minister yesterday, which included AI as one of nine listed critical technologies of national interest.…
DroneShield sells to Australian army, receives US infrastructure order Drone detection and countermeasure company DroneShield has has sold a quantity of its RfOne MKIITM long-range sensors to the Australian Army (pictured). The capability is being delivered immediately to allow the Australian Army to assess its future counter-drone requirements and options. The company has also received…
Another 10 Australians to train at Naval Group France A further 10 Naval Group Australia engineers are departing for Cherbourg, France over the coming fortnight where they will join 40 colleagues working to gather submarine design and industry skills. Naval Group is transferring expertise and knowledge under a Strategic Partnering Agreement, with staff to spend…
DroneShield discussing massive $60 million plus order Drone detection and countermeasure company DroneShield has revealed it is discussing an order potentially worth more than $60 million with a Middle Eastern Ministry of Defence. The company said it had received the remaining payment of $2.3 million for a previous order from the customer. CEO Oleg Vornik…
