Australian counterdrone technology company DroneShield has delivered explosive growth in its latest half-year results, with revenue surging 210 per cent to $72.3 million, according to results released on Monday. The Sydney-based company, which develops AI-powered anti-drone systems for military and civilian applications, reported its highest-ever quarterly revenue of $38.8 million in the second quarter, representing…
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Disability services provider Bedford Group will surrender land worth more than $20 million as part of its government bailout, whilst the future of its brand new $45 million manufacturing hub remains uncertain, according to reports on Monday. The Australian Business Network reported Bedford will relinquish its 3.9-hectare Balyana site at Clapham, which houses around 40…
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Rocket business Gilmour Space Technologies has completed the maiden test launch of the first Australian designed and built orbital rocket, achieving 23 seconds of engine burn time and 14 seconds of flight for its Eris vehicle. According to a statement from the company shortly after the Wednesday morning launch, the flight of its 23-metre, 30-tonne…
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By Christoph Nedopil, Griffith University Australia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nation’s natural endowment with two important raw products for producing steel the traditional way: iron ore and metallurgical coal. Worth more than A$100 billion in 2024, Australia’s iron ore shipments to China…
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Mount Isa Mayor Peta MacRae has issued an urgent plea to state and federal governments to secure a deal saving the Mount Isa Copper Smelter and Townsville Refinery, warning 17,000 jobs are at risk as mining giant Glencore prepares to mothball operations. The desperate intervention on Wednesday follows Glencore’s confirmation it is preparing to place…
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Forget expensive laboratory equipment costing thousands of dollars – University of Queensland researchers have cracked the code for a DNA analysis device you can literally print at home for the price of a decent dinner out. The Do-It-Yourself Nucleic Acid Fluorometer, cheekily dubbed DIYNAFLUOR, transforms genetic research from an exclusive club into a garage-friendly hobby.…
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Adelaide-based X-ray technology company Micro-X has entered into a supply agreement with an unnamed US with “over 700 healthcare facilities” to provide the Rover Plus mobile radiology system. According to a statement on Wednesday, Micro-X’s customer is one of the “largest and most established” healthcare organisations in the US, with “a nationwide network of hospitals,…
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A local market too small for meaningful sales of a highly-specialised product. Overseas copycats. Prospects interested yet stuck on the notion that “it’s too good to be true.” TNA Solutions saw a set of problems familiar to many early-stage Australian businesses setting out with an interesting bit of technology. Their breakthrough invention, launched in 1985,…
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Australia’s innovation system is constrained by a persistent failure to translate world-class research into industrial capability and commercial outcomes. Drawing lessons from the German city of Kaiserslautern and its transformation through Fraunhofer Institutes, Dr John Howard and Peter Moar argue that Australia must have applied research institutes dedicated to bridging the gap between universities and…
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Bygen appoints new CFO Waste-to-value startup Bygen has announced Michael Macrides as its new Chief Financial Officer. According to a Linkedin update from the company — which is commercialising its processing technology for turning waste products into activated carbon — Macrides brings extensive experience as a VC investor, advisor and executive across various roles. “With…
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