Titomic sells 3D print system to Volvo Machinery manufacturer Titomic has sold a D523 low-pressure cold spray additive manufacturing system to the Volvo Group of Sweden for a contract price of $90,865. The unit will be used in the company’s repair and remanufacture operations and ‘is a testament to the company’s growing recognition and credibility…
Medicinal cannabis developer, Bod Science, has released the results of the second pharmacokinetic (PK) study for its Aqua Phase drug delivery system. The system has been developed to make water hating (or lipophilic) drugs, such as cannabinoids (CBD), water soluble. The most recent study, according to the company, demonstrated that Aqua Phase delivers six times…
Skykraft raises $120 million for satellite air traffic management Satellite manufacturer Skykraft has raised $120 million from investors to spewed the rollout its satellite-based Air Traffic Management system. The Canberra company from investors including Foresight Group Australia, OPTrust, and Main Sequence, CSIRO’s venture capital arm. Following capital raising costs, the company aims to achieve initial…
Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…
ABT’s record growth in FY23 Sealed heavy vehicle brake manufacturer Advanced Braking Technology has announced revenues of $14.7 million for FY23, a 25.1 percent increase on the previous year. The company was able to increase sales margins during the year by 5.97 percent to 49.9 percent. Net profit after tax was $1.47 million, a 129…
Pharmaceutical manufacturer IDT Australia is seeing a surge in sales as demand for medical cannabis products rises and companies seek out more capable contract development and manufacturing organisations (CDMO). The Melbourne company told investors that revenues increased for the fourth quarter, with 4QFY23 revenue up 200 percent on the previous corresponding period to $2.4 million.…
Medicinal cannabis grower and manufacturer Cann Group has seen sales more than double in the past year as the use of cannabinoid products take off in Australia. The company, which owns a GMP approved production facility at Mildura, Victoria (pictured), said sales revenue for the 12 months to June 2023 was an unaudited $13.5 million,…
