Pharmaceutical manufacturer IDT Australia has announced that it has been awarded a Victorian government grant to assist in the establishment of an Australian-first facility for oncology drugs. In an ASX statement on Monday, IDT said it has established relationships with Antibody-Drug-Conjugate (ADC) biotech companies, including a master services agreement with Japanese pharmaceutical company Nagase &…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Arthur Sinodinos replaces co-founder as Chair at Hypersonix Hypersonic vehicle developer Hypersonix Launch Systems has announced former Australian Ambassador to the United States and Senator Arthur Sinodinos as the new Chair of its board. In a statement…
The next nominee for @AuManufacturing’s Australia’s 50 Most Innovative Manufacturers list for 2024 is First Graphene. Brent Balinski speaks to CEO Michael Bell, who talks about finding a meaningful niche for graphene. For quite some time, many of its enthusiasts have described graphene as a remarkable material in need of a “killer app”. Mike Bell,…
Quickstep’s new drone order from Carbonix Composites manufacturer Quickstep has announced a significant follow-on order from Australian partner and advanced drone development company Carbonix. The urgent requirement for 40 Volanti airframes and associated non-recurring engineering is the largest yet received from Carbonix for this drone type. Valued at $1.35 million the order is scheduled to…
Drone detection and countermeasure company DroneShield has announced a repeat order of $4.3 million from an undisclosed US government customer. According to a statement to the ASX on Thursday, the delivery is expected to be complete “over the next 15 days,” using available stock on hand. It is for a number of handheld counter-unmanned aerial…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Gilmour Space raises $55m, Eris rocket heads for space The historic launch of an Australian developed and manufactured rocket is closer with Gold Coast-based Gilmour Space Technologies closing a $55 million Series D capital raise ahead of…
Diraq opens commercial laboratory in Sydney Silicon-based quantum computing company Diraq opened its new commercial laboratory, located UNSW’s campus at Sydney, on Tuesday. The company, which announced a successful Series A-2 capital raise of $29 million (US$15m) last week, said the lab is “a critical step” in its plans “to leverage today’s semiconductor manufacturing infrastructure…
By Peter Roberts Australian-born, US based automotive wheel manufacturer Carbon Revolution has announced preliminary sales for the fiscal second-quarter ending December 2023 of a record US$14.8 million, exceeding previously announced guidance for the quarter of US$14.0M-US$14.5M. For the year ended December 31, 2023, revenue increased 42 percent to US$40.3 million. CEO of Carbon Revolution Jake…
Austal’s 18th LCS warship for the US Navy completes acceptance trials The future USS Kingsville constructed by Austal USA, part of the Perth-based shipbuilder Austal, has successfully completed acceptance trials in the Gulf of Mexico for the U.S. Navy. During acceptance trials, comprehensive testing is conducted on the ship’s major systems and equipment in order…
Plumbing solutions company Reliance Worldwide Corporation has announced that it has entered into an agreement to purchase Holman Industries for $160 million ($US 105 million), a seven times multiple on Holman’s EBITDA for the last 12 months. Holman is a Perth-headquartered, family-owned manufacturer and distributor of branded plumbing and watering products, sold through retail and…
