Excitement is building as Gold Coast based Gilmour Space Technologies prepares its Eris rocket for its inaugural flight into space. The company has been teasing the public for weeks about the planned date for the historic launch – the first of a fully Australian developed and manufactured rocket capable of reaching Low Earth Orbit. Australia’s…
Graphene Manufacturing Group announced this week that it has signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the state government for a $2 million grant, supporting the company’s proposed battery pilot plant. Brisbane-based and Toronto-listed GMG is commercialising graphene aluminium ion batteries among other graphene-based products. GMG claims that their batteries, developed…
The Queensland government has launched a new plan to deliver hundreds of locally made zero emission buses through direct government procurement. The new zero-emission buses will replace aging diesel buses in operation on the Translink network, with more than 400 buses locally manufactured, dependent on a competitive procurement process. The commitment builds on the Government’s…
Cochlear upgrades profit outlook on strong implant sales Hearing implant manufacturer Cochlear has upgraded earnings guidance following better than expected growth in revenue from bionic ear implant sales. The company told investors underlying net profit for FY24 was now expected to be between $385-400 million, a 26 to 31 percent increase on FY23. The upgrade…
Applications are now open for a new Queensland government fund that aims to back businesses to deliver more bush projects. The $50 million Backing Business in the Bush Fund will support small to medium sized enterprises (SMEs) that are looking to expand, enhance or diversify their business operations across regional Queensland. By investing in productivity…
Queensland is firming a renewable energy future with the delivery of the state’s first renewable energy peaking power plant now officially underway. In a partnership led by publicly owned energy company, CS Energy, GE Vernova will supply hydrogen ready peaking generation units, decreasing future reliance on fossil gas. GE Vernova will supply the equipment for…
Gold Coast-based cooling solutions company PWR Advanced Cooling Technology has been awarded “up to $8.78 million” through the state government’s Invested in Queensland program to assist in an expansion. According to a statement from trade and investment minister Cameron Dick on Friday, PWR will invest $21.9 million in a new facility at Stapylton and in…
Gold Coast soft serve and beverage manufacturer Frosty has been named as Queensland exporter of the year at the Premier of Queensland’s Export Awards 2023 Gala Dinner. The win for Frosty Boy comes after its revenue in Indonesia doubled, sales in India grew by 200 per cent, and exports to the Middle East rose 95…
A new corrugated cardboard box factory at Hemmant, Queensland – owned by Visy and claimed to be the most sophisticated of its kind in Australia – was opened on Monday. The factory was opened by federal industry minister Ed Husic and state treasurer Cameron Dick on Monday. It has capacity for up to a million…
The Queensland government has announced two new collaborations that link the state’s green energy plans more closely to Japanese research and demonstration capabilities. The government announced that the University of Queensland and the University of Tokyo had signed another Memorandum of Understanding (MOU) to expand on 25 years of collaborative research. And it revealed that…
