Food Recycle crowdfunding food waste to animal feed technology A new science-based solution to the food waste problem is to be launched by Australian company, Food Recycle. The company has spent the past seven years conducting extensive R&D, including trials with the CSIRO, to validate the science and processes. Food Recycle is crowdfunding to commercialise…
McKenzie’s Foods innovates in food products Australian owned baking and cooking manufacturer McKenzie’s Foods has partnered with packaging and processing company Tetra Pak to release a new range of pulses packaged in Tetra Recart. The convenient packaging solution has the lowest CO2 footprint on the market in Australia and New Zealand. The range includes five…
Drone engine manufacturer Orbital Corporation (Orbital UAV) has established a collaborative agreement with Dynamatic Technology to integrate an Orbital 150cc Heavy Fuel Engine (HFE) into a Dynamatic designed UAV for potential supply to defence forces. Dynamatic Technology is an Indian based manufacturer of highly engineered, mission critical products for the Aerospace, Automotive and Hydraulic industries.…
FY24 was a year for clearing the decks and returning to underlying profit, according to advanced composites manufacturer Quickstep’s yearly financial results. The Sydney company’s full year group revenue exceeded guidance at $99 million with its service group announced for divestiture growing by 94 percent percent year on year to exceed $10 million. With the…
Three Australian companies have signed contracts worth a total of $6.6 million to develop and produce 100 drones for Defence as part of an innovation challenge. The contracts are the latest stage of the Sovereign Uncrewed Aerial Systems (UAS) Challenge being managed by Advanced Strategic Capabilities Accelerator (ASCA). AMSL Aero, Boresight and Grabba Technologies were…
Aerospace composites manufacturer Quickstep is offering to sell its aircraft maintenance division Quickstep Aerospace Services only three years after buying the Tullamarine, Melbourne company. Quickstep paid $2.64 million to buy Boeing Australia Component Repairs Pty Ltd to give itself a new growth business and to add steady MRO income to its high tech manufacture of…
CST extends its Olympics efforts at Paris Carbon fibre specialist CST Composites (pictured) shared this week that it supplied mast sections for the ILCA6, ILCA7, 49er and 49erFX sailing classes for the Paris 2024 Olympics. “Seeing these exceptional athletes perform at the highest level with our equipment is truly a testament to our unwavering commitment…
Automotive, aerospace and defence manufacturer PWR Holdings has reported a Net Profit After Tax (NPAT) of $24.8 million for the year ended 30 June 2024 on revenue up 17.8 percent to $139.4 million. The company, best known for the manufacture of specialist radiators for F1 cars, reported EBITDA of $45.2 million and an operating cash…
AIM Defence’s Fractl Tactical Directed Energy Laser has taken out first place at an international Counter Drone Sandbox in Canada netting a $1 million dollar prize. The win cements AIM’s position at the forefront of low cost and compact Tactical Counter-Drone Systems and follows the Australian Government’s $5.4 million commitment to buy a Fractl counter…
Drone Detection and countermeasure manufacturer DroneShield (DRO) has replied to its critics emphatically with the successful completion of its approximately $120 million fully underwritten placement at a price of $1.15 per New Share. DroneShield shares have come under pressure with the latest raising, and a placement that raised $75 million in April, confirming strong institutional…
