Australian rocket motor developer Valiant Space has secured a June Orbital launch with space services company Skykraft. Valiant Space, which has developed a chemical thruster designed to help satellites manoeuvre in orbit and in space, will launch a payload into orbit onboard a SpaceX Falcon 9 mission. The company will utilise Skykraft’s Skyride rideshare service…
Investment in a transition in the energy market to low-carbon alternatives has passed $1,000 billion for the first time, according to new figures from BloombergNEF. Their Energy Transition Investment Trends 2022 report found that global investment in renewable energy, energy storage, electrified transport, electrified heat, nuclear, hydrogen and sustainable materials hit $1.1 trillion (US$755 billion)…
AnteoTech asked for further information for Covid-19 test application Surface chemical company AnteoTech has been asked by Australia’s Therapeutic Goods Administration to supply further information on its EuGeni test reader and SARS CoV-2 Rapid Diagnostic Test (RDT). The company is one of three Australian manufacturers of RDT tests awaiting approval to sell their tests locally.…
Diverse food producer SPC Global has completed a capitalisation program which resulted in the injection of $111 million earmarked for its next phase of growth. The capital is a combination of equity investments by The Australian Meat Industry Superannuation Trust (AMIST), the family office of Khalil (‘Charlie’) Shahin AO, and the sale and leaseback of…
Sales of one piece carbon fibre road wheels by Geelong manufacturer Carbon Revolution are recovering strongly from their Covid-19 supply chain related slump. The company reported today wheel sales in the second quarter FY22 of 4,397, up 109.4 per cent on the first quarter. Quarterly revenue was $11.4 million, an 82.6 per cent jump from…
Sleep apnoea equipment developer ResMed has reported continuing growth in sales as equipment sales grow and software as a service (SAAS) offerings gain traction. CEO Mick Farrell said second quarter 2022 revenues grew 12 per cent to $1.27 billion, or 13 per cent in constant currency terms. Farrell said: “Our second quarter results reflect continued…
Hydrogen vehicle developer H2X Global and Indian company Advik Hi-Tech today announced a joint venture for the production of products and components for India and for the global market. The vehicles and components have been designed and developed by the H2X Global design team and production is scheduled to start immediately to cater for the…
By Joseph Brookes There are nearly 150 members on the federal government’s nuclear-powered submarines taskforce, including officials from a range of federal departments and 10 contractors who the defence department has declined to name, but no state government representatives. The taskforce was established in September last year on the day the Prime Minister Scott Morrison…
All-composite caravan manufacturer Zone RV has announced a major expansion of its Sunshine Coast, Queensland plant, including the purchase of a 22m x 5m 3D printer, said to be the largest in the southern hemisphere. Founder Dave Biggar and CEO Adrian Toft hosted Sunshine Coast Council Mayor Mark Jamieson on an inspection of its expanding…
3D printer manufacturer Amaero International reports progress Metal additive manufacturing producer Amaero International has reported progress across its business as it works to deliver future revenue growth. The company reported increased revenue to $134,338 for the December quarter driven by increased R&D work conducted for other companies. In the period Amaero signed a heads of…