Posts Tagged ‘Government Approval’

ASX Company News: Cardia Bioplastics Receives Food Contact Approval

Tuesday, October 19th, 2010

Cardia Bioplastics (CNN) is pleased to announce that it has received European and USA food contact certification for injection moulded products made from its Cardia Biohybrid™ technology. This latest achievement is on the back of the food contact approval received for multilayer flexible film products in 2009.

The breakthrough will provide Cardia Bioplastics with an expanded market opportunity into food packaging applications. Every day food packaging items made from its Cardia Biohybrid™ technology like containers, closures, tubes, tubs and bottles can now be offered by Cardia’s customers. This new range of food contact rigid packaging products are certified compliant to Europe’s Regulation (EC) 1935/2004 and USA’s FDA CFR 21 on materials and articles intended to come into contact with food. Cardia is already in development agreements with several companies in respect to rigid food packaging products that are awaiting commercial outcomes.

Cardia Bioplastics Managing Director Dr Frank Glatz said, “Achieving European and USA food contact certification for injection moulded products is an important milestone for Cardia Bioplastics.  The combination of now rigid and flexible film packaging with performance, environmental profile, food contact compliance and cost effectiveness makes Cardia Biohybrid™ technology a most interesting packaging offering to the global food industry.”

“This product development enables customers to move confidently into more sustainable packaging solutions and opens significant new market opportunities for Cardia Bioplastics, which extend from commodity packaging into the food packaging industry. The sustainability benefit of Cardia Biohybrid™ injection moulded products and multilayer films offers food marketers packaging solutions with a competitive edge for their products,” said Frank Glatz.

www.cardiabioplastics.com

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ASX Company News: Stirling Products Approved Supplier To UK Government

Wednesday, August 18th, 2010

Healthcare group, Stirling Products Limited (STI) advises that its UK trading subsidiary TeleMedCare Limited has issued a market release advising of the award by Buying Solutions, the UK government’s leading centralized procurement agency, of a four year Framework Agreement.   The agreement grants TeleMedCare approval to conclude sales directly and to bypass the traditional tender and lengthy procurement process that is generally associated with product sales to government departments, NHS Trusts and other public bodies.

Stirling Products Managing Director, Peter Boonen stated: “It is a great endorsement for the TeleMedCare range of products and services to be approved by the UK Department of Commerce lead procurement agency as a Framework Agreement partner, especially as the award follows the prior establishment of product capability and performance. It is also heartening to see the UK government recognising the efficiencies and savings that e-health solutions can provide to the community and further, being one of the world’s first major active implementers of proven e-health solutions. Ultimately, these early initiatives and the removal of the red tape process for procurement of proven product will see the direct benefit flow through to, not only the chronically ill and aged, but also directly to the taxpayer in due course.”

Buying Solutions is the national procurement partner for all UK public services, established as the Executive Agency of the Office of Government Commerce in the Cabinet Office in the United Kingdom to provide for efficiencies and savings in the public sector procurement process. The primary role of Buying Solutions, who are the only Public Buying Organisation with a legal remit to trade across the whole of the UK public services, is to maximise the value for money obtained by Government departments and other public bodies through the procurement and supply of goods and services. The TeleMedCare framework agreement is for four years and covers the purchase, installation, maintenance, monitoring, coaching and management of its award winning telecare and  telehealth e-health solutions to the public sector markets including government departments, NHS Trusts and other public bodies.

www.telemedcare.co.uk

www.stirlingproducts.net

http://www.traderdealer.com.au/Fundamentals/sti

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ASX Company News: Intec Phase 2 Testing Of Waste Recycling Approved

Thursday, July 29th, 2010

Intec Ltd (INL) is pleased to announce that EPA Victoria has approved the commencement of the second of three phases for the technology development programme to recycle spent pickle liquor and other wastes from the galvanizing industry.

GB Galvanizing Service Pty. Ltd. and EPA Victoria signed an agreement in January 2010 for $780,000 of HazWaste funding for the research, demonstration and engineering portion of a proposed $2.85 million project.

Intec, as the technology service provider, has now received all scheduled payments for the completion of Phase 1, which commenced in November 2009.  Finishing within budget, Phase 1 comprised the successful conduct by Intec of continuous pilot plant trials over 175 hours of operation, during which the plant demonstrated the recovery and electrowinning of zinc metal product, and also iron separation and recovery. (See ASX announcement on 7 April 2010).

In this phase, specialised product recovery equipment will be constructed and operated at Intec’s Burnie Research Facility, and 50,000 litres of GBG’s spent galvanizing pickle liquor will be recycled on a zero waste basis to produce high quality zinc (to be used directly in the galvanizing bath), replenished acid and saleable hematite and gypsum products.

Intec Ltd is an Australian company which owns the Intec Process for superior and sustainable metals production. The Intec Process comprises a set of patented chloride-based hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from concentrates of sulphide and oxide ores, tailings and industrial wastes. The Intec Process has substantial environmental and cost advantages over both the widely used conventional smelting and refining processes and other known hydrometallurgical processes.

www.intec.com.au

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ASX Company News: BioDiem Influenza Vaccine Approved In India

Tuesday, July 13th, 2010

BioDiem Ltd’s (BDM) lead product, the Live Attenuated Influenza Vaccine (LAIV) has been granted regulatory approval for marketing in India. “NasoVac” was launched this week by the Indian vaccine company, the Serum Institute of India. This is the first approval for marketing of BioDiem’s LAIV outside of Russia and the CIS. This comes as a result of SII’s licence for the development of an intranasal egg-based vaccine against the H1N1 influenza strain (swine flu) under WHO’s Pandemic Flu program. BioDiem is eligible to receive royalty payments on sales of this product in the private market.

BioDiem is an ASX-listed company, based in Melbourne, with an international focus on finding, adding value to and commercialising world-class research for vaccines, infectious diseases and other therapeutic areas. The company uses a cost-efficient approach to drug development through collaborations with academic centres of excellence, contract research organizations and partnerships with international pharmaceutical companies. BioDiem’s leading product is the Live Attenuated Influenza Vaccine (LAIV) technology, a novel intranasal vaccine being developed to prevent infection from endemic and pandemic influenza. The technology was licensed to BioDiem by the Institute of Experimental Medicine in St Petersburg. It has also been launched in India as NasoVac for protection against H1N1 influenza.

www.biodiem.com

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ASX Company News: BHP Billiton Finalises Royalty Agreement With WA Government

Tuesday, June 22nd, 2010

BHP Billiton today announced that it had signed a non-binding Heads of Agreement with the Government of Western Australia to amend Iron Ore royalty rates payable to the State effective 1 July 2010.

Based on this agreement, the State will proceed with amendments to the State Agreement Acts covering operations managed by BHP Billiton, to require payment of royalties on iron ore shipments at the rates specified in the WA Mining Regulations. Royalty rates will increase from 3.75 per cent of sales revenue to 5.625 per cent for Fines and from 3.25 per cent to 5.0 per cent for Beneficiated Ore. The Lump royalty will be 7.5 per cent, which is already the prevailing rate for most of the Lump ore produced from projects managed by BHP Billiton. The rates as amended will apply to all existing operations and future projects covered by the State Agreements.

Additionally, BHP Billiton and the Government of Western Australia have agreed to make amendments to various State Agreements to: permit sharing of infrastructure and blending of products across the networks operated by BHP Billiton and Rio Tinto; and modernise other provisions of the State Agreements.   These changes to the State Agreements will enable BHP Billiton’s existing iron ore operations to operate more efficiently. They will also help facilitate the proposed West Australian Iron Ore Production Joint Venture between BHP Billiton and Rio Tinto, which is still subject to approval from regulators and shareholders.   While the State Agreement modifications relating to infrastructure and modernisation are not conditional upon the finalisation of the Production Joint Venture, the resulting flexibility to blend product and share infrastructure would facilitate the capture of synergies which are the main driver for the Production Joint Venture proposal.

The proposed removal of historical royalty concessions has been subject to discussions with the State Government for some time. In recognition of this, and as a way of sharing the value that the variations to the State Agreements are expected to generate, the parties to the relevant State Agreements will make a contribution totalling A$350 million to the consolidated revenue of the State.

Marcus Randolph, Chief Executive Ferrous and Coal, BHP Billiton, said: “The ability to blend iron ore from any of our mines, and the flexibility in the use of all rail and port infrastructure, will be major enablers for our operations. This will improve our operating efficiency and we are pleased to be able to share the gains from this enhancement with the people of Western Australia.”

www.bhpbilliton.com

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Advanced Engine Components Receives Indian Government Approval

Thursday, February 18th, 2010

Advanced Engine Components Limited (“ACE”) is pleased to announce the naturally aspirated compressed natural gas (“CNG”) engines, developed in conjunction with SHIGAN Quantum Technologies Pvt Ltd (“SQT”) in India, have successfully completed the Bharat Stage IV (“BS IV”) emission testing.

BS IV certification is controlled by the Indian Government’s Ministry of Heavy Industries & Public Enterprises Automotive Research Association of India (“ARAI”). The certification is equivalent to Euro IV European Transient Cycle (“ETC”) certification.

Performance testing of vehicles using the naturally aspirated CNG engines has been conducted in parallel with the certification process. With performance testing and certification complete, ACE will proceed to fulfil the initial request to supply electronic control units (“ECU’s”) and injectors for over 1,000 engines. Deliveries will commence in June 2010.  ACE’s development and certification of the four and six cylinder, turbo charged, CNG engines will be completed after commercial production of the naturally aspirated CNG engines has commenced.

ACE supplies natural gas vehicle system (“NGVS”) components for use in China, Thailand, Indonesia, France and Australia. These initial orders for India provide ACE with its fastest “roll out”, in terms of vehicle numbers, of any country to date.

The technical success and quality of ACE’s personnel and components has introduced new engine development opportunities within India. With additional working capital available from the recent share placement, the proposed rights issue and the restructured debt facilities, ACE will be able to pursue these opportunities in an efficient and timely manner as well as servicing all existing contracts.

India has the world’s fifth largest fleet of natural gas vehicles (“NGV”) in the world. More importantly, India has over 220 cities planned for CNG development with a nationwide distribution pipeline by 2012. The CNG pipeline will stretch 12,000 km, connect 15 states and reach a population of 160,000,000 people. As a result, India is recognised as having the highest NGV growth potential in the world. The expanded ACE Board recognise the opportunities in India and will use the current success to continue the market momentum.

www.advancedengine.com

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Stuart Petroleum Receives Government Approval For Diesel Distribution Facility

Wednesday, January 13th, 2010

Oil producer Stuart Petroleum Limited (STU) advises that the South Australian Minister for Urban Development and Planning, the Honorable Paul Holloway, has formally approved of an application to construct diesel receival, storage and distribution facilities at Port Bonython in the upper reaches of Spencer Gulf.

The Development Application was lodged by Port Bonython Fuels Pty Ltd, a wholly-owned subsidiary of Stuart Petroleum and the Minister’s approval relates to:-

  • Construction of fuel unloading facilities at the Port Bonython Jetty
  • Construction of a 5.3 kilometre long fuel pipeline from the jetty head to land owned by

Port Bonython Fuels

  • Construction of tanks with a diesel storage capacity in excess of 100 million litres
  • Construction of truck loadout and associated facilities.

Agricultural, pastoral, construction, resource, tourism and diversified diesel users in the north and west of the State will benefit from fuel being delivered directly into the region in bulk and stored there in quantity.  Once operational, the Project will lead to a reduction in the volume of heavy traffic on roads leading northwards from Port Adelaide. Total carbon emissions associated with the provision of diesel to the north and west of the State will also be reduced.

The Port Bonython Project will be capable of delivering up to 1,000 million litres of diesel annually to fuel growth and industry in the north of the State. The first stage of the Project is scheduled to cost A$60 million. The second stage plans for expansion of storage and construction of a micro diesel distillation plant and will be subject to economic feasibility.

Stuart Petroleum’s Managing Director, Mr Tino Guglielmo said:  “Government approval of the Project Development application brings Final Investment Decision an important step closer. Stuart is presently negotiating with major industry participants who have expressed an interest in the Project and Port Bonython fuels may ultimately choose to share its 100% equity with a business partner.”

www.stuartpetroleum.com.au

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EnviroMission Gains Key Approval For Solar Tower

Wednesday, October 28th, 2009

EnviroMission Limited (EVM) has entered US power purchase negotiations to deliver the first of two, 200 MW Solar Tower power stations.  EVM have been given the green light from Southern California  Public Power Authority (SCPPA).

Solar Tower power station developments planned for Arizona have been approved by SCPPA as suitable renewable energy projects to facilitate the goals of its members’ renewable portfolio standards (RPS). This landmark SCPPA decision will enable EnviroMission to formalize power purchase agreements with a large public power authority in the Southern California region to realize an essential element of the commercial basis for development.

The resolution passed by the SCPPA board of directors will position EnviroMission’s Solar Tower technology as the only solar electricity generation technology to date to qualify for further future power purchase negotiations for the supply of centralized power – EnviroMission was selected from more than 100 submissions to this SCPPA  request for proposals (RFP).

A SCPPA approval provides EnviroMission with a vital market opportunity to negotiate the future sale of Solar Tower power to a key power authority to meet its renewable energy portfolio standard that is aimed at generating 20% of all electricity from   renewable resources by 2010.

www.enviromission.com.au

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Fermiscan Breast Cancer Test Approved in EU

Thursday, July 23rd, 2009

Fermiscan is pleased to announce that ‘The Fermiscan Breast Cancer Test’ has now been “CE Marked”. The CE Mark indicates that the test can be freely marketed anywhere in the European Union and that the company has satisfied the relevant Essential Requirements in the EU’s Medical and Healthcare Products Regulatory Agency directives that its product conforms and that it is fit for its intended purpose.

Fermiscan has begun to establish the necessary infrastructure in Europe to drive a commercial roll out of the test.

Fermiscan’s principal activity is the commercialisation of an innovative non-invasive diagnostic test for the detection of breast cancer.  The Fermiscan Breast Cancer Test is based on the discovery by an Australian scientist that a change can be detected in the molecular structure of hair from women with breast cancer and this change can be identified by using diffraction of X-rays generated in a synchrotron.

Fermiscan completed a major clinical trial of the Fermiscan Test in May 2008, with sensitivity (ability to accurately detect cancer) of 74% in women under 70, and with a higher sensitivity for younger women; and specificity (ability to accurately detect the absence of cancer – negative predictive value) of 99.5%.

Fermiscan is developing opportunities to licence and sell the Fermiscan Test internationally, particularly in Australia, Europe, Japan, South East Asia, and the United States.  Fermiscan owns and operates the Sydney Breast Clinic, one of the largest diagnostic breast clinics in Australia that for more than 30 years has been caring for over 10,000 women annually.  With clinical trials successfully concluded, commercialisation of the Fermiscan Test is progressing to plan in 2009.

www.fermiscan.com.au

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Gindalbie Metals JV Approved By Chinese Government

Wednesday, June 24th, 2009

Gindalbie Metals Limited (GBG) is pleased to advise that the Chinese Government has given its formal approval for itd previously announced $162.06 million share placement to its joint venture partner, the leading Chinese steel and iron ore company Ansteel. Following receipt of Foreign Investment Review Board (FIRB) approval in May, the Chinese Government approval is the final remaining condition required for Gindalbie to complete the allotment of 190,658,824 shares to Angang Group Hong Kong (Holdings) Limited or its nominee at a price of $0.85 per share. Once the share placement is completed, AnSteel and Gindalbie will be able to make the final equity contributions, of $143.68 million each, to complete the entire $534 million equity component of the funding package for the Karara Iron Ore Project. Gindalbie and AnSteel will be working to complete the placement procedures within the next 7 days.

Following completion of the share placement, Gindalbie will have approximately 704.6 million shares on issue, with Ansteel holding a 36% stake. After payment of its final equity contribution, Gindalbie will have uncommitted cash reserves of approximately $42 million, no debt and minimal cash burn. For its part, the joint venture company, Karara Mining Limited, will have approximately $350 million in cash reserves, having already spent almost $200 million on long-lead items, pre-development activities and other items required for project development.

“The achievement of Chinese Government approvals represents another very important milestone for the Project following the positive EPA recommendation and FIRB approval received over the past two months,” Gindalbie’s Managing Director, Mr Garret Dixon added. “Ansteel remains fully committed to the development and future growth of Karara, having now invested some $573 million into Gindalbie and directly into the project. We are looking forward to continuing to work closely with Ansteel as we move into the implementation phase of the Project,” he added.

www.gindalbie.com.au

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