Orbital expects new drone engine model production in FY24 Drone engine manufacturer Orbital Corporation (Orbital UAV) has reported a fall in revenues in athe first half of FY24 however directors revealed a new engine model could be manufactured as early as April, 2024. The Perth company reported a net loss of $425,000, down 76 percent…
a2 Milk Company grows despite decline in China market The a2 Milk Company, which pioneered the use of a2 proteins in milk as a healthy alternative, has reported positive results for 1H24. Revenue was up 3.7 percent to $812.1 million and EBITDA profit up five percent to $113.2 million despite a double-digit decline in the…
Viraleze shows efficacy in Covid-19 patients – Starpharma Starpharma’s Viraleze antiviral nasal spray has demonstrated antiviral efficacy in a placebo-controlled study in participants with Covid-19. Viraleze achieved a statistically significant reduction in SARS-CoV-2 viral load, in the cohort of participants aged 45 and over. Viral load in the nose was reduced by 80 percent less…
Iluka reveals capital cost of rare earths refinery Perth minerals company Iluka Resources has revealed a $1.5 to $1.8 billion capital cost of Australia’s first integrated rare earths refinery for producing rare earths oxides at Eneabba in Western Australia. The estimate comes from Iluka and Fluor who are optimising the project and conducting FEED work.…
WA funds Fugro SpAARC to get into space The Western Australian government has announced a $5 million commitment to Perth-based facility Fugro SpAARC to bolster the complex’s operational capability for space missions. The government said in a statement the funding would pave the way for Fugro SpAARC to support international space missions from Perth. “It…
Altech receives commitments for another $2.5 million in investment Altech Batteries announced on Monday that it has received binding commitments for shortfall shares, following a non-renounceable entitlement offer, raising an additional $2,538,000 before costs. Total proceeds worth $15,838,208 have now been raised, including $3,000,000 from the recent placement, as well as the allocation of $12,838,208…
A federal government science grant and industry funding has sparked the creation of a new research and industry hub targeting the development of new radiopharmaceuticals. Pharmaceutical developer Starpharma has partnered with the University of Queensland and the University of Sydney in establishing the ARC Research Hub for Advanced Manufacture of Targeted Radiopharmaceuticals (AMTAR Hub). Backed…
STÄRKE expands into injection moulding STÄRKE Advanced Manufacturing Group has announced the acquisition of the complete assets of RIAN INDUSTRIES, a 22 machine injection moulding business in Melbourne. Group CEO Al Jawhari said the company would be known as STÄRKE INJECTION MOULDING PTY. LTD. and combined with the company’s facilities in Adelaide and Detroit, Michigan…
Conroy to visit US and India The Minister for Defence Industry and Minister for International Development and the Pacific Pat Conroy will travel to the United States and India this week. In the United States he will hold high-level talks with representatives from the US Administration and Congress to advance the implementation of the pathway…
