Project description and overview
This niche project is focussed on the development and deployment of a low cost sensor and communications unit on mobile equipment. The technology alerts the driver when an oversize rock is loaded and this truck is then diverted so that the oversize does not block ore processing equipment resulting in costly downtime. A target price of $5,000 is set to make it commercially attractive, based on BHP requirements.
Market size is reasonable but not large on a global basis however the technology could be applied in other transport sectors such as rail, which will be a much larger market.
There is competition in this market but there isn’t any established provider. It is a good collaboration between a technology provider, an engineering solutions company and a Tier 1 miner.