Forbidden Foods reported a 171 per cent increase in net sales for the March quarter compared to the same period last year, according to an ASX announcement on Tuesday. The health and wellness food company achieved $1.1 million in net sales for Q3 FY25, maintaining consistency with the previous quarter following its strategic acquisition of…
Plant-based food manufacturer Forbidden Foods has reported sales of $577,857 for the first two months of the calendar year, a 147 per cent increase on the corresponding period in 2024, as the company beds down its acquisition of Oat Milk Goodness (OMG) last September. In a statement on Monday, the ASX-listed company said the news…
ARE receives $5m grant for rare earths development Australian Rare Earths has received a $5 million grant from the federal government’s International Partnerships in Critical Minerals Program. The funding will support additional metallurgical test work, completion of a pre-feasibility study and building/operating a demonstration plant at the company’s Koppamurra project, a frontier ionic clay rare…
SciDev enters European PFAS treatment market Wastewater treatment company SciDev has entered the important European market for PFAS ‘forever chemicals’ treatment, securing its first commercial order in Europe. The contract with Swedish Hydro Solutions AB is for a containerised PFAS treatment system to remediate contaminated landfill site in Northeast Sweden. The initial value of the…
Plant based food manufacturer Forbidden Foods has reported early cost savings and sales momentum following the strategic acquisition of Oat Milk Goodness (OMG) brand of oat drinks. The company told investors that the first full month of operations as a combined entity saw an initial round of cost savings complemented by strong monthly sales growth.…
Aurora Labs lands third defence PO Metal additive manufacturer Aurora Labs has received its third direct order from the Australian Department of Defence for advanced 3D-printed metal components. The order valued at $50,000 strengthens the strategic relationship between A3D and Defence, according to an announcement. The CEO of Aurora Labs Rebekah Letheby said: “This third…
Changes made to Austal’s board Perth shipbuilder Austal has announced two changes to its Board of Directors. After serving six years as a non-independent director, Chris Indermaur will not seek re-election at Austal’s upcoming AGM and will retire. Austal has appointed experienced international finance executive and board member Brent Cubis as a non-executive director (NED).…
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…
AAMRI announces New Rising Star Award The Association of Australian Medical Research Institutes (AAMRI) has announces a new, CSL-sponsored AAMRI Rising Star Award. According to AAMRI, the award will recognise an outstanding mid-career researcher and be presented by federal health minister Mark Butler at the annual AAMRI Dinner at Parliament House in October. AAMRI is…