Tribe Technology achieves major milestone as first autonomous RC drill rig ships to Australia
Proactive - Interviews for investors08/01/24 • 4 min
Tribe Technology PLC (AIM:TRYB) CEO Charlie King joined Proactive's Stephen Gunnion with details of the company's latest milestone: shipping its first autonomous RC drill rig from Belfast to Australia. King highlighted the culmination of five years of hard work and over 200,000 development hours that went into creating this innovative drill rig. The rig, destined for Mackay Drilling, a subsidiary of Major Drilling Group International, promises to revolutionise the drilling industry by operating without personnel on the drilling pad, significantly improving safety and productivity. King explained, "We are the first company to produce a drill that can operate with nobody on the drilling pad. This is a complete step change." This technology aims to address the dangers associated with manual drilling, which still causes too many fatalities in the industry. The drill rig, which incorporates Tribe Technology's proprietary technology, is set to arrive in Australia by the end of September, where it will undergo field testing with Fortescue Metals Group. King also discussed the company's recent collaboration with Master Drilling, a contractor for Anglo American, showcasing the potential for improved sample quality and increased market demand with its Sampling System. Tribe Technology's sales pipeline looks very robust, with contracts in place for five drills and growing interest from tier-one miners and contractors. To stay up to date with Tribe Tech's progress, you can register to their investor hub here: https://investorhub.tribetechgroup.com/auth/signup Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #TribeTechnology #AutonomousDrillRig #MiningInnovation #CharlieKing #DrillingSafety #MiningTechnology #ProactiveInvestors #FortescueMetalsGroup #MasterDrilling #MiningIndustry #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
08/01/24 • 4 min
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