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Mining technologies demonstrate homegrown competitive advantage

Published by , Editorial Assistant
Global Mining Review,

Four METS companies have been announced as semi-finalists in the Australian Technologies Competition, amongst a cohort of 42 scale-up companies across the competition’s 12 categories including Mining, Energy Resources, Space and New Energies.

The annual competition attracts SMEs from across Australia who are looking to raise their company profile, receive expert validation and mentoring, networking opportunities, and commercialisation pathway guidance and support.

This year’s Mining Technologies Award contenders are:

  • 2Censor – wireless monitoring and predictive maintenance solutions.
  • HYDI – hydrogen system with environmental and efficiency benefits.
  • Intov8 – data warehouse software applications.
  • NextOre – magnetic resonance (MR) sensing technology.

This is METS Ignited’s fourth consecutive year supporting the national competition which seeks to accelerate the commercialisation pathways of technology scale-ups with the greatest global potential.

METS Ignited General Manager Peter Clarke says the competition entrants and their technologies are becoming increasingly sophisticated with broader applicability across a number of sectors.

“This year’s Mining Technologies Award entries demonstrated the breadth of the technology Australia’s METS sector has to offer,” said Peter Clarke.

“We are seeing digital, data-driven, GPS enabled, cloud-hosted solutions to a number of key mining challenges with the potential to provide significant safety improvements, emissions reductions, efficiency and productivity gains.

“The greatest change we have seen over time is in the broader application of these technologies across multiple-sectors including construction, defence, energy and agriculture. This is definitely a value add during this time of uncertainty when SMEs are looking to demonstrate their resourcefulness and resilience” he said.

2019’s Mining Technologies Award winners Universal Field Robots said the ATC provided valuable connections within the investment community but also in other sectors where they saw a broader application for their own technology.

“We already build fully and semi-autonomous machinery for mining, agriculture and construction, but the competition put us in touch with businesses in other sectors we hadn’t even considered.

“The business has also benefited from the financial advice we took away from the programme,” said UFR’s Managing Director Jeff Sterling.

This year’s competition has gone virtual in response to COVID-19 social distancing restrictions, which is fitting for an event championing technology innovation.

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