Hearing implant manufacturer Cochlear has reported sales revenue up 15 percent to $2.3 billion for FY24, with growth across all business units. Cochlear implant units increased nine percent with strong growth across the developed markets, while services revenue increased 15 percent driven by strong upgrade demand for the Cochlear Nucleus 8 Sound Processor (pictured). Statutory…
Hearing implant manufacturer Cochlear has announced the completion of its acquisition of the Oticon Medical cochlear implant business from Demant, following the end of a protracted battle with competition authorities. The business, which has 20,000 implant patients, became available following Demant’s decision to discontinue work on hearing implants. Cochlear’s CEO & President Dig Howitt welcomed…
By Peter Roberts If @AuManufacturing’s editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – has taught us anything, it is not the national myth of plucky Australians being an inventive people battling to commercialise their ideas. Towards 3% has taught us that unlike leading nations, Australia doesn’t have a supportive innovation ecosystem…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Daniel Splatt and Michelle Tan highlight the benefits of a patent box system, much advocated but missing from our innovation ecosystem. The World Intellectual Property Organisation’s Global Innovation Index has revealed a steady decline in Australia’s knowledge, technology, and creative…
Australia’s R&D effort is focused around medical technologies and here in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Dig Howitt of Cochlear outlines the way ahead to support innovation in the sector. Cochlear has long been a pioneer in innovation. It has reshaped hearing technology and made substantial contributions…
EOS and RICO demonstrate long range autonomous control The Robotic and Autonomous Systems Implementation & Coordination Office (RICO) of the Australian Army and defence contractor Electro Optic Systems have extended the capabilities of the M113 Armoured Personnel Carrier (pictured) into long range autonomous weapons firing. The partners demonstrated the long-range firing capabilities of EOS’ R400…
Hearing implant manufacturer Cochlear has reported a 20 percent jump in sales for the half year ended December, 2023 to $1.1 billion, driven by strong growth in cochlear implants and sound processor software upgrades. Cochlear implant units increase by 14 percent as the company consolidated market share gains and strong growth in developed and emerging…
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…
The first CEO of bionic ear manufacturer Cochlear as a listed company Catherine Livingstone, and innovation and business academic Emeritus Professor Roy Green featured in this year’s Australia Day honours. Livingstone was awarded the highest honour, a Companion of the Order of Australia (AC) in the General Division for eminent service to business, particularly through…
Victoria’s Container Deposit Scheme in operation Victoria’s Container Deposit Scheme is now operating, providing consumers and businesses with a 10 cent refund for every eligible drink container they recycle. Eligible containers include most aluminium, glass, plastic and liquid paperboard (carton) containers which can be returned to refund points for payment. Refunds can be given as…
