Latest Innovation News

Beam Communications has finalized a settlement with Roadpost Inc. that will see it receive approximately AU$4.1 million in addition to proceeds from selling its 50% stake in Zoleo Inc. This payment covers early royalties and inventory adjustments, setting the stage for a major capital return review.

Vista Group International has landed a significant contract to deploy its Digital Enablement solution across 25 Picturehouse Cinemas in the UK, marking a key expansion with Regal Cineworld Group.

PolyNovo has secured Therapeutic Goods Administration clearance for thicker versions of its NovoSorb MTX product, broadening treatment options for complex wounds in Australia.

Universal Biosensors reports solid growth in its wine testing segment and outlines plans for a capital raise alongside the upcoming AQUASCOUT water testing device launch.

PointsBet Holdings has signaled openness to a new acquisition offer from Betr Entertainment, proposing mutual due diligence to explore potential synergies and share value. The board remains committed to the existing MIXI scheme unless a superior proposal emerges.

Bio-Gene Technology Limited has launched a Share Purchase Plan allowing Australian shareholders to invest up to $15,000 at 2.3 cents per share, matching a recent $2.1 million placement. The offer includes free-attaching options, subject to shareholder approval, to support key product development milestones.

Victor Group Holdings has established Victor Nexus Pty Ltd to deepen its fintech footprint in Australia and forged a strategic partnership with Shebah, aiming to empower women through innovative financial solutions.

Vertex Minerals has raised approximately A$11 million to accelerate underground mining at its high-grade Hill End Gold Project, targeting production by July 2025. The capital raising includes a share placement, convertible loan, and a Share Purchase Plan, positioning the company for strong margins amid a robust gold price environment.

Firebird Metals has demonstrated a breakthrough in energy efficiency with its rotary kiln technology, cutting energy consumption by more than half during manganese ore processing trials for Kazakhstan’s Taza Metal Technologies.

Ainsworth Game Technology forecasts a stable profit before tax of around $14 million for H1CY25, buoyed by Australian market gains and steady North American revenue despite challenges in Latam/Europe. The company also backs a major acquisition proposal by Novomatic AG.

ClearVue Technologies has inked a five-year exclusive manufacturing and distribution agreement with New Zealand’s Viridian Glass, marking its strategic entry into the New Zealand market with solar-integrated glazing solutions.

Universal Biosensors reports a 6% sales increase in Q1 2025, driven by strong growth in wine and veterinary biosensors, while preparing to launch its innovative water testing product later this year.