GreenHY2 receives first grant funding for Telstra project Hydrogen Energy storage manufacturer GreenHY2 has received the 1st Instalment of the grant funds allocated by the federal government to provide its Hy2MEDI generation and storage system to Telstra. The amount received is $432,000 plus GST, with the total grant for the project valued at $1.5 million.…
Three innovative Australian SMEs will use the power of data and artificial intelligence (AI) to enhance their medical products and become internationally competitive as part of a new accelerator starting this month. Cortical Dynamics, Microbio, and Resonait Medical Technologies have been selected for the Biomedical AI Sprints Accelerator (BASA) run by leading innovation centres the…
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).…
Women in Australia will be able to collect blood samples at home and mail them to a lab for analysis of their ovarian reserve or egg count using technology delivered by WHEN Fertility and Trajan Scientific and Medical. The WHEN Fertility Egg Count Check will use Trajan’s Neoteryx Mitra device (IVD, pictured)) with its patented…
Ophthalmic surgical device manufacturer Nova Eye Medical has reported a record combination of sales growth and operating result improvement during the year ended 30 June 2024. Underpinned by solid performance in its core glaucoma segment including its flagship product, iTrack Advance, the company’s sales in July 2024 were materially above the previous year. Investments recently…
Starpharma’s loss, strong financial position Biotechnology company Starpharma‘s loss narrowed during FY24 by 48 percent from $15.6 million to $8.2 million. Net cash outflow of $11.8 million was down $7.4 million from FY23 on revenue up 132 percent to $9.8 million. Revenue included a one-time $6.6 million cash payment from Mundipharma on termination of a…
Confocal microscopy manufacturer Optiscan Imaging is looking to expand into the veterinary market with its microscopy imaging system with an initial focus on cancer detection in companion animals. The company has signed MOU with the University of Minnesota College of Veterinary Medicine to enable the development of clinical data for Optiscan’s digital confocal laser endomicroscopic…
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…
UNSW researchers have developed a new gel based on silk from moths with potential to regenerate damaged tissue, and which they hope can one day be used to help patients recover from a heart attack. The team’s paper (linked) in Advanced Functional Materials describes “a novel silk fibroin microgel platform that enhances cell growth and…
Liontown Resources produces first lithium Battery Materials producer Liontown Resources has produced its first lithium spodumene concentrate at Kathleen Valley in Western Australia, following the commissioning of the wet plant and end-to-end operation of the value chain. The milestone marks the start of production ramp-up to nameplate throughput of 3Mtpa, currently expected by the end…