Carbon fibre road wheel manufacturer Carbon Revolution is to merge with a US entity, being recapitalised and listed in the US in the process and, potentially, ending up majority US owned. The Geelong company, whose shares have been lagging on the ASX, is to merge with special purpose acquisition company Twin Ridge Capital Acquisition Corp.…
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Cyclopharm receives R&D tax refund Radiopharmaceutical manufacturer Cyclopharm has received a $1.64 million tax incentive payment from the Australian Taxation Office. Meanwhile the Sydney company is continuing to progress the attainment of US Food and Drug Administration approval for the sale of its Technegas lung imaging products in the United States. Cyclopharm is finalising its…
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Resources and metals company Rio Tinto is planning to invest a further $600 million in renewable energy infrastructure in the Pilbara as part of the company’s efforts to decarbonise its Western Australian iron ore operations. The investment will fund the construction of two 100MW solar power facilities as well as 200MWh of on-grid battery storage…
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A new body aiming to help Queensland’s manufacturers access skilled workers will hold its first meeting on Wednesday. Manufacturing Skills Queensland is an independent company allocated $16.5 million over three years in state government funding. MSQ is chaired by Michael Glover, described in a statement from the Queensland government as having “over 20 years working…
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Space, communications and defence manufacturer Electro Optic Systems has been awarded two contracts with the United States National Oceanic and Atmospheric Administration’s (NOAA) Office of Space Commerce. The first contract, with the company’s US subsidiary EOS Defense Systems USA, will provide commercial satellite laser ranging (SLR) data for NOAA’s Open Architecture Data Repository, with the…
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A recently-launched semiconductor service bureau is part of the NSW government’s attempts to grow the local sector. In this edition of Australia’s place in the semiconductor world, Dr Nadia Court explains why the bureau exists and what it hopes to do. The Semiconductor Sector Service Bureau (S3B) was established in July 2022 to make it…
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Today in Australia’s place in the semiconductor world, Andrew McLellan illustrates a case where local innovation requires overseas fabrication, and why the situation is unlikely to change. While improvements in technology and knowledge have driven significant advances in life sciences and healthcare industries in recent decades, methods for identifying and tracking important biological samples stored…
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South Western Sydney home builder Vogue Homes has embraced a newly designed and engineered concrete slab foundation system (pictured) from Biax Foundations that are easier to install and more sustainable. The company began using Biax modules (pictured below) to replace waffle pods that support concrete foundations, allowing more accurate specification of concrete quantities, to provide…
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An Indo-Pacific Carbon Accounting Lab is to be established in Adelaide to help build the next generation data infrastructure and carbon accounting systems, creating trusted and accurate data across entire supply chains. The lab was announced by the state Department for Trade and Investment off the back of the United Nations Climate Change Conference, COP27…
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The federal Minister for Industry and Science Ed Husic will introduce legislation to establish the $15 billion National Reconstruction Fund – the centrepiece of the government’s approach to boosting manufacturing – promised during the recent federal election campaign. Husic told the national press club that the legislation would be introduced tomorrow which would set in…
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