Biopharmaceutical developer Bionomics (ASX: BNO) has received a $5.2 million R&D Tax Incentive Refund for 2018/2019 recognising its intense product development efforts. The company, which is developing a number of novel drug candidates based its unique ionX platform technology, appears to have received one of the largest refunds for the year. While most young drug…
Perth satellite IoT communications company Sky and Space Global (ASX: SAS) is attempting to raise $15.8 million from investors to extend its planned equitorial nano-satellite coverage to a fully global one. In an announcement to the stock exchange the company revealed the raising would be made up of a $10.8 million non-renounceable entitlement issue to…
As fire ravages the eastern states it is bizarre that today fertiliser and explosives group Incitec Pivot (ASX: IPL) was reporting a drop in profit caused by massive floods in North Queensland. The company reported EBIT of $304 million for the year ended 30 September, down from $557 million the year before largely because of…
The Navy has celebrated major vessel milestones with the future HMAS Sydney (pictured) completing trials and its two Landing Helicopter Docks achieving final operational capability. Sydney, the third and final ship being delivered by the Air Warfare Destroyer Alliance in Adelaide, is on track to be delivered to the Navy in February 2020 after completing…
By Stuart Corner of IoT Australia South Australian company Motherson Innovations is to manufacture the modules that will transmit user data to the IoT nanosatellites being deployed by Adelaide based Myriota. The Myriota Module is a credit card sized device that accepts input from sensors and communicates direct to Myriota satellites. According to Myriota’s web…
Member viewpoint by Australian Manufacturing Forum member Greg Newham As efficient transport is a key factor in the cost of manufacturing, rising and unpredictable fuel prices represent an ongoing challenge to Australia’s manufacturing sector to remain competitive. The ability of Australia’s transport industry to service the needs of the market continues to be impacted by…
Cotton processor and marketer Namoi Cotton (ASX: NAM) has settled a damaging dispute with its one-time business partner in the oilseed crushing sector, Cargill Australia. Namoi told the ASDX that it has settled the dispute which was before the courts and sold its 15 per cent stake in the Cargill Oilseeds partnership and Cargill Processing…
Medicinal cannabis producer THC Global (ASX: THC) is to begin production at its Southport manufacturing facility following the issue of permits from Australia’s Office of Drug Control (ODC). CEO Ken Charteris revealed in a statement this morning the issue of permits covering production from licensed and permitted medicinal cannabis growers, including from the Company’s own…
By Peter Roberts The loss of Australia’s car industry was not the blow anticipated because of people like Mark Albert of MtM automotive. The Melbourne supplier of doorchecks and other body components foresaw the demise of the sector and set about creating a future for themselves in global markets. Doorchecks may seem like a trivial…
International shipbuilder Austal (ASX: ASB) is building and delivering ships on a global scale with two passing customer milestones in the past few days. The Perth-based company delivered its fifth Guardian Class patrol boat built in Perth in less than a year to the Solomon Islands government, a gift from the Australian Government. The 39.5…