Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…
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Defence manufacturer Thales Australia has continued its revitalisation of the historic former Lithgow small arms works with the opening of the company’s new advanced manufacturing facility in the regional NSW city. Defence Minister Pat Conroy officiated and opened the new Lithgow Arms facility (pictured) which has been a centre of Australia’s defence industry since it…
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A new collaboration between Deakin University’s Recycling and Clean Energy Commercialisation Hub (REACH) and industry partner Clean Energy Resources (CER) aims to develop novel technologies to convert old tyres into electricity, hydrogen and other important resources. The partnership between Deakin and Geelong-based CER will develop a technology that provides a new way to generate electricity…
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Ballistic armour and drone technology manufacturer XTEK continues to ride rising global insecurity, reporting another big jump in revenue in FY23. XTEK reported profit after tax of $6.1 million, up seven percent, on revenue up 54 percent to $89.4 million for the year. EBITDA profit was $10.9 million with the company ending the year with…
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The Australian Renewable Energy Agency (ARENA) has announced $10 million in funding for RayGen Resources’ Solar Power Plant Two: Phase 1 project, progressing a “hi-tech solar and thermal storage technology” closer to commercialisation. According to a statement from ARENA on Thursday, the funding will help RayGen improve its design, achieve material cost reductions, and conduct…
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International shipbuilder Austal has confirmed a NPAT loss for FY23 of $13.6 million, down from a profit of $79.6 million the previous year. The loss, set on revenue up 11 percent to $1.59 billion, is due to provisional losses of $171 million stemming from the construction of steel hulled Navajo class Towing, Salvage, and Rescue…
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Vehicle conversion company ZERO Automotive has launched its second-generation, LandCruiser-based ZED70 Ti, with mining services company Barminco signing on as the first customer to accept delivery and CarBon Leasing & Rentals confirming an order of 200 vehicles. According to a statement on Thursday, the design features: The company’s proprietary HEPS (Hazardous Environment Protection System) underbody…
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New modelling published by CSIRO estimates that non-animal models for medical product development have the potential to create $1.5 billion in revenue and 5,000 jobs by 2024. Animals are typically used as part of R&D and testing to ensure the safety and effectiveness of new medical products, according to CSIRO. Non-animal models can use “human-derived”…
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Enviro-tech startup Samsara Eco is to establish a new research laboratory to develop enzymes that can break down plastic waste ready for recycling into new materials. The company, which has been based since 2021 at the Australian National University (ANU), will develop its ‘infinite recycling’ Research & Development (R&D) facility at Queanbeyan in Regional NSW.…
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@AuManufacturing and Epicor’s online webinar is available to view online now discussing automation, smart data and workforce shortages. Our panel discussion moderated by editor Peter Roberts heard from manufacturing CEOs and industry experts on their use of technology to make better use of the staff they have, and on recruitment and retention. Joining the discussion…
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