New Australian drug delivered by balloon to patients
A new Australian-made medical device, a balloon for drug delivery for atherosclerosis sufferers, is moving closer to commercialisation.
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Now energy prices threaten Tomago smelter
The future of yet another Australasian aluminium smelter is coming under threat because of unsustainable energy prices, according to media reports. The owners of Australia’s largest aluminium smelter at Tomago in NSW have warned the NSW government that rising energy prices could have a significant impact their operations. Tomago Aluminium Company, a jont venture of…
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Round two winners of WA regional grants program announced
A digital welding platform for an earthmoving attachment manufacturer is among projects being assisted through round two of the WA government’s Regional Economic Development program.
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Orthocell receives $2.9 million R&D refund
Nerve technology developer Orthocell (ASX:OCC) has received a $2.9 million R&D tax incentive refund for the 2018/19 financial year. The Perth company, which is commercialising its CelGro product to facilitate the regeneration of severed peripheral nerves, will invest the funds to accelerate regulatory approvals and to advance R&D. The company also recently raised new capital…
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Australian Vanadium in talks with Chinese steelmaker
Resources and chemicals group Australian Vanadium (ASX: AVL) has signed an agreement which could see its services and products sold into the China market. The company, which is developing large-scale vanadium deposits and manufactures vanadium battery electrolyte, signed agreements with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co to allow the negotiation of a…
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Spectur’s IoT security sales accelerate
Off grid security and IoT solutions provider Spectur (ASX: SP3) has reported its best quarterly sales performance as uptake of the company’s products begins to accelerate. Spectur, which makes IoT connected solar powered security camera installations for unpowered areas, booked its first positive quarterly cash flow in the latest quarter with cash flow from customers…
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NW Tasmania fish food factory to begin commissioning next month
The BioMar Australia aqua feed mill in Tasmania’s north-west is on schedule to open in April, according to the company, with the site to employ 55 and have an annual capacity of 110,000 tonnes. The Advocate reports that commissioning at the Wesley Vale site is expected to begin “dry commissioning” in February, running machinery and…
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Randall wine empire moves into Australia’s Riverland
Wine baron Warren Randall has purchased his first vineyard in Australia’s largest grape growing region, the latest target in a string of acquisitions aimed to fuel his booming Chinese sales.
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Carbon Revolution discusses expansion plans
Recently-listed carbon fibre wheel manufacturer Carbon Revolution (ASX: CBR) is on track to become profitable this year, increase annualised production to 32,000 units by June, and grow its workforce to 1,000 “within the next three to five years.”
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Submarine deal’s sinking feeling – defence doubts revealed
Comment by Peter Roberts Australia’s $50 billion deal to buy submarines from the French Naval Grup looks to be on shakey ground with the release of a highly critical report from the Commonwealth Auditor-General. Far from being a great deal, the federal government began planning to walk away from the deal during the torturous negotiation…
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