Tribe Technology PLC, a technology-first developer and manufacturer of autonomous mining equipment, announced that it has signed a joint development agreement with IMDEX Ltd.
IMDEX is a global mining technology company that enables drilling contractors and resource companies to safely find, identify and extract ore bodies accurately, quickly and efficiently.
IMDEX provides drilling optimization products, cloud-connected rock knowledge sensors and integrated data and analytics products to improve the mineral resource identification and extraction process for drilling contractors and resource companies worldwide. Its unique end-to-end solutions for the mining value chain span four portfolios – drilling fluids, drilling optimization technologies, rock knowledge sensors and software – with the IMDEX platform integrating these key silos.
The agreement does not include any minimum or guaranteed revenue for the group, but Tribe Tech and IMDEX will aim to collaborate towards the development of future technologies, including through the integration of both parties’ unique services, products and experience.
Tribe Tech’s proprietary technology is designed to increase productivity, reduce costs and improve safety in industries worldwide. With the smart mining sector expected to reach US$23.05 billion by 2028, Tribe Tech is well positioned as the market leader in automated mining.
Charlie King, CEO of Tribe Tech, commented:
“Our strategic partnership with IMDEX marks an important step towards becoming the market leader in drilling automation in the mining industry. We are constantly looking to enhance our offering and the agreement with IMDEX provides Tribe Tech with an opportunity to add exciting new capabilities to further capitalize on existing market opportunities.”
IMDEX CEO Paul House added:
“IMDEX has been a pioneer in moving many of our technologies from systems operated by specialist service providers to systems operated by excavators. Together with Tribe Tech, we are taking the first steps in moving these technologies from systems operated by excavators to systems operated by machines.”
