INDUSTREA WINS $2.2M GRANT TO DEVELOP MINE SAFETY SYSTEMKey fact...

INDUSTREA WINS $2.2M GRANT TO DEVELOP MINE SAFETY SYSTEM
Key fact summary
• Industrea awarded major $2.2 million grant from Australian Government
• Will develop innovative driver safety management system for mines
• Product to meet global demand for greater safety in mining industry
Industrea Limited (IDL:ASX) today said it has been awarded a $2.2 million grant by the
Australian Government to develop a Driver Safety Management System that targets a
reduction in the number of incidents on mining sites caused by driver fatigue.
The innovative system uses vehicle, driver and biometric indicators to give an early warning of
the onset of fatigue so that preventative action can be taken before an incident occurs. The
early warning system can be used for both heavy earthmoving and light service vehicles.
The system also includes a personnel communication device that will provide increased level of
safety for personnel working alone in remote areas of the mine.
The multi-million dollar Commercial Ready grant was announced today by Industry Minister Ian
Macfarlane.
Robin Levison, Managing Director and Chief Executive Officer, said the winning of the grant
was recognition of Industrea’s growing status as a leading global provider of mining products
and services, predominantly in the productivity and safety areas.
“In the past 24 months Industrea’s strategy has targeted the strongly interlinked areas of
productivity and safety equipment and this grant allows IDL to build on its suite of products in
these areas,” Mr Levison said.
“Industrea is already supplying global mining companies BHP/BMA and Anglo Coal with
collision avoidance technology for their mine mobile equipment fleets.”
Mr Levison said the remarkable growth in the mining sector globally has been accompanied by
greater expectations of improved mine safety especially as the industry modernises in key
markets such as Australia, South America, China and Eastern Europe.
“Improved productivity and safety is also becoming paramount for companies in the face of
labour shortages,” he said.
“Industrea is exceptionally well placed to capitalise on this demand through its expanding range
of products and innovative technologies. This grant will further strengthen that ability by allowing
us to value-add to a rapidly expanding client base for mine vehicle and personnel safety
management systems globally.”
The awarding of the grant comes just a month after Industrea announced it had secured its
maiden contract in the burgeoning Russian resources market with a deal to supply directional
drilling and coal seam degasification equipment from its subsidiary Advanced Mining
Technologies (AMT).
In the past year Industrea has signed material contracts with BHP/BMA, Anglo Coal and the
China-based Shenhua Coal Group.
In August Industrea announced it had beaten significant competition to be awarded the
exclusive agency for the sale and service of US-based Petitto underground mining equipment
and parts in Australia, New Zealand, China, and Mongolia.