Historic XXXX brewery to continue operations
The 141-year-old Castlemaine Perkins Brewery in Brisbane has had its registration extended by 15 years.
Details
Pumped hydro energy storage wins $610 million federal loan
The Northern Australia Infrastructure Facility (NAIF) has approved a loan of up to $610 million for Genex’s Kidston pumped hydro project in Queensland, 270 km north of Townsville. The Kidston Project is the first globally to utilise an abandoned mine and will be capable of producing 250MW of power for eight hours. NAIF CEO Laurie…
Details
Micro-X brings carbon nanotube production in house
Hi-tech company Micro-X will bring the design and manufacture of its next generation of carbon nanotube X-ray tubes in house to give it greater control over its operations.
Details
Native Australian tea brand to launch on international markets
By Jessica Bassano An Australian range of teas flavoured with native ingredients such as lemon myrtle, finger lime and ants is preparing for an international launch. Co-founded by cook and food writer Rebecca Sullivan and artist and high school teacher Damien Coulthard, Warndu has sold its native teas, vinegars and oils in Australia since 2016.…
Details
July Accelerating Commercialisation grants announced
The latest round of Accelerating Commercialisation grants has been announced, with ten grants totalling $3.7 million.
Details
Australian venture capital investment reaches record high
Venture capital investment in Australia reached a record high of $US 1.23 billion last financial year, according to figures compiled by KPMG.
Details
Austal ups profit forecasts on Australasian gains
Perth shipbuilder Austal (ASX:ASB) has boosted its profit forecasts on strong gains from its Australasian ship building yards. While the company said its Alabama yard was still performing strongly with orders for two ship classes for the US Navy, it said multi-hull ferry building was now increasing on its new regional investments. Austal expects an…
Details
Adherium gets US sales approval
Australasian smart asthma inhaler device maker Adherium (ASX: ADR) has received US Food and Drug Administration clearance for over the counter sales of its Hailie sensors. The company, founded in New Zealand, listed in Australia and headquartered in the United States, manufactures connected respiratory devices. Its’ Hailie sensor attaches to a patient’s asthma inhaler, monitoring…
Details
Funding windfall for windfarm listening device
By Andrew Spence Adelaide-based company Ping Services has closed a $650,000 seed fund round after securing an additional $200,000 in government funding earlier this year. The patented device, known as the Ping Monitor, uses acoustic analysis, machine learning and the Internet of Things (IoT) to continuously detect wind turbine blade damage. The key piece of…
Details
Crunch time for Alstom factory on new train orders
Alstom has said it will shut its Ballarat site if it is not awarded a contract soon to replace the Victorian government’s 1980s-era Comeng trains.
Details