Medical technology company Nova Eye Medical has seen sales including its new iTrack Advance glaucoma surgical device product of $5.7 million in the four months to 31 October, materially exceeding its forecast of $5.1 million. Launched in Europe and Canada in June, the iTrack Advance is a consumable device with an illuminated fibre optic tip…
Industry minister Ed Husic has given more details of the operations of the government’s proposed National Reconstruction Fund and the reasons behind the fund which the government took to the recent federal election. Speaking at the UBS Australasia conference, Husic said the pandemic exposed serious deficiencies in Australia’s economy, bringing to light the fact that…
Quickstep business update shows strong recovery from FY22 Advanced composites manufacturer Quickstep has updated its business outlook and for the first time talked on expansion plans in the United States. The Sydney company told investors it expected FY23 revenue to be $100 million, up 15 per cent on the previous year – 94 percent of…
Australia’s first renewable hydrogen microgrid has been launched in Denham, Western Australia where it will produce renewable energy that could power 100 households, or 20 per cent of Denham’s residents and businesses. Delivered by Horizon Power and Hybrid Systems Australia, the project is expected to offset 140,000 litres of diesel fuel each year, and is…
Fertiliser and explosives group Incitec Pivot is weighing up the sale of its Waggaman, Louisana ammonia plant which has experienced a litany of breakdowns and outages caused by bad weather. The Melbourne company told investors it had received a number of unsolicited approaches for the potential acquisition of the $850 million plant which it took…
The CSIRO Board today announced that CSIRO’s Chief Executive Dr Larry Marshall will complete his third and final term in June 2023. Dr Marshall has led CSIRO since 2015, making him the agency’s longest serving chief executive in the past 50 years. The Minister for Industry and Science Ed Husic MP, thanked Dr Marshall for…
Western Australian lithium producer Pilbara Minerals has secured a 10-year debt facility from the federal government to support the expansion of its Pilgangoora operation (pictured) underpinning its moves further down the battery materials supply chain. The facility, provided through the Export Finance Australia (EFA) and Northern Australia Infrastructure Facility (NAIF) agencies, will support construction of…
Acting Prime Minister and defence minister Richard Marles has committed the government to more effectively draw on domestic as well as international industry to sustain Australia’s defence capabilities. Addressing the Sydney Institute, Marles said industry was part of strengthening the lethality, resilience and readiness of the Australian Defence Force. Marles said: “The war in Ukraine…
Codan Communications is to supply RF technology to Raytheon Australia which will ultimately be fitted to Australia’s Bushmaster protected mobility vehicles. The Adelaide company has been selected by Raytheon Australia to develop and supply a High Frequency (HF) Amplifier and Antenna System as an element of the Force Level Electronic Warfare System – Land (FLEWS-L)…
Lockheed Martin Australia and the University of New South Wales (UNSW) Canberra Space will develop a comprehensive space education programme with research and development (R&D) and industry engagement pathways. A two-year MoU agreement will underpin collaboration between LMA and the university as part of the US company’s commitment to developing capabilities, training and educational opportunities…