1. 04/10/2016 Mine data firm looks to list
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Home > Mine data firm looks to list
Mine data firm looks to list
Author:
Mark Mentiplay [1]
Published: Tuesday, 31 January, 2006 - 21:00 facebook
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Advanced mobile mining equipment data transfer and communications specialist, International Mining
Technologies Pty Ltd, is considering stock exchange listing to fund a major international expansion and
develop new safety and maintenance minimisation systems.
The Perth company is also considering a private placement, preferably from an industry participant, and has
already had discussions in this regard with a major mining equipment builder and four other international
companies.
While declining to go into any further details, IMT chairman and managing director Todd Pearce told WA
Business News these were some of the options being explored to translate the company's success in Australia
to overseas markets.
Formed in 1999 by Todd Pearce to develop and market a core collision avoidance system, the company has
already won federal government support by securing a $4.85 million AusIndustry grant in the face of some
heavy national competition.
IMT's unique range of data communications technology for the mining equipment industry is already being
used by some of the biggest mining companies in Australia, including BHP Billiton, Rio Tinto, Worsley
Alumina and Kalgoorlie Consolidated Gold Mines.
In two years, employee numbers have risen from six to over 40 at its spacious Osborne Park headquarters.
Half of this team is involved in R&D. With a 2004-2005 turnover at $14 million.
IMT's technology suite includes patented collision avoidance systems, mobile mining equipment
communication, safety and machine monitoring, and protective maintenance solutions.
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The Vital Data Link (VDL) system is the base platform for the company's Mine Mate collision avoidance
systems, designed to prevent truck to truck and truck to light vehicle collisions. There is also a fatigue

2. management and alert system that talks to machine operators, informing them of potential danger and
potential engine faults.
On the maintenance side, the VDL system allows data from engine management and monitoring systems to
be transmitted from remote locations to anywhere in the world via radio wave modems, solar-powered
repeater stations, satellite and the Internet directly to the monitoring facility.
In this way, critical events such as speeding, temperature rises, overloads, component failures, leaving site,
and other events can be transmitted. Warning parameters can also be set and the operator automatically
informed when they are exceeded.
The technology is a real-time machine health monitoring tool with which mine personnel can track
equipment, contact vehicles, generate reports and receive machine events, all from one computer program
package.
VDL is fully compatible with all Caterpillar machines and can interface with that company's own information
and management systems, downloading to Caterpillar WA dealer Westrac's computers, laptops and palm
programmers.
Todd Pearce said the IMT systems were primarily aimed at reducing maintenance costs and safety.
The company has about 500 VDL systems in operation around the world, the average installation of which
into a fleet of 10 trucks with support transmission facilities, is about $100,000.
Mr Pearce said these sales had opened up further opportunities, hence the current marketing campaign,
particularly into the rich North and South American mining markets via the major dealerships, then the mines
themselves and contractors.
It is a strategy forged in WA and leveraged off a successful relationship with big WA Caterpillar dealer
Westrac.
While the energetic Todd Pearce will head the marketing thrust into the Americas, IMT is now seeking to fill
Executive positions, including a director of sales and marketing to drive the expansion throughout Australia
and into Asia.
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