ASX biotech firm Noxopharm unveils anti-inflammatory skin disease drug
Australian biotech company Noxopharm Limited unveiled today its new preclinical product candidate from its Sofra technology platform that has shown effectiveness against inflammatory skin disease in preclinical models
FBR’s Hadrian X robot sets new speed record laying construction blocks
Robotic technology developer FBR Limited’s first next-generation Hadrian X robot has achieved a lay speed record of over 300 blocks per hour using USA format cement masonry blocks.
VEEM reports record financial results for FY24: NPAT soars by 70% to $7M
VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024.
Australia’s 4.6% decline in labour productivity driven by pandemic, low unemployment rate
The Productivity Commission’s 2023 Bulletin has revealed that the 4.6 per cent fall in labour productivity for the 12 months to March 2023 is brought about by the unwinding of COVID-19-related effects and historically low unemployment rate.
Eurozone Manufacturing PMI remains in contraction territory in January
The latest S&P Global Eurozone Manufacturing PMI reading rose for a third successive month to 48.8 in January, up from 47.8 in December.
Manufacturing and mining turnover decline in July, according to the ABS
Australia’s manufacturing industry’s turnover significantly slipped by 3.8 per cent in July, breaking the continuous rises of the sector in the five months prior,...
Quickstep to manufacture F-35 components for Northrop Grumman
Northrop Grumman has signed a six-year contract with Quickstep Holdings for the delivery of Australian-made components for the F-35 aerospace program.
DroneShield sees 2022 revenue spike to 60%
ASX-listed DroneShield has released its 2022 annual report, with another record year of revenue up by 60 per cent to $16.9 million.
Australian manufacturing PMI enters contraction territory in March
Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020.
Cicada Innovations signs partnership with India’s mach33.aero to bolster international space collaboration
Cicada Innovation’s National Space Industry Hub has ventured into a partnership with India-based deep tech incubator mach33.aero to establish a bilateral international space collaboration...
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Driving the future of smart energy: GridBeyond and ABB unveil new white paper on battery storage innovation
As industries adopt cleaner, more intelligent energy solutions, the ability to manage, store, and trade energy efficiently is increasingly vital to sustaining a competitive edge.
