Prior to publication, the
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation. With the publication of this announcement,
this information is now considered to be in the public
domain.
30 July 2024
Tribe Technology
PLC
("Tribe Tech", the
"Company" or the
"Group")
Tribe Tech ships its first
autonomous RC Drill Rig
Tribe Technology PLC (AIM: TRYB), a
disruptive technology-first developer and manufacturer of
world-class autonomous mining equipment, is pleased to announce the
shipment of its first autonomous reverse circulation ("RC") TTDS GC 700 drill rig (the
"Drill Rig") from the
manufacturing site in Belfast, Northern Ireland. This is a major
milestone for the Company and is the culmination of significant
engineering hours over the last four years, pioneering design and
innovation along with extensive collaboration with our first
customer. McKay Drilling (a subsidiary of Major Drilling
Group International Inc ("Major
Drilling")).
This first Drill Rig has been
manufactured and sold to industry leading drilling contractor,
Major Drilling, for use at a tier 1 iron ore mining asset in
Australia. Delivery to Australia is on target for the end of
September 2024 as stated in the Company's previous operational
update. Following arrival in Australia, the Company will undertake
validation of the Drill Rig in the field in conjunction with the
customer during the fourth quarter of 2024.
Charlie King, Chief Executive Officer at Tribe Tech,
commented:
"We are extremely pleased to have accomplished this major
milestone of shipment from our factory in Northern Ireland of the
first autonomous RC Drill Rig to Major Drilling's subsidiary McKay
Drilling in Australia. We look forward to the demonstration of the
operation of the Drill Rig in the field and this will be a
tremendous platform for expanding our customer partnerships. I
would like to thank McKay Drilling for the significant support in
the development phase of this product and belief in the Company to
deliver this first innovative Drill Rig."
Imagery by Colin Keys
-END-
Engage with us by asking questions,
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For further information, please
visit www.tribetechgroup.com
or contact:
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Tribe Technology PLC
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via
Tavistock
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Charlie King, Chief Executive
Officer
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Allenby Capital Limited (Nominated Adviser and
Broker)
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+44 20 3328 5656
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John Depasquale, Vivek Bhardwaj,
Lauren Wright (Corporate Finance)
Tony Quirke, Joscelin Pinnington
(Sales & Corporate Broking)
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info@allenbycapital.com
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Tavistock (Financial
PR)
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+44 20 7920
3150
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Rebecca Hislaire,
Saskia Sizen
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tribetech@tavistock.co.uk
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About Tribe Tech
Established in 2019, Tribe Tech is
an AIM listed company founded to create a safer, more efficient
work environment through the development of fully autonomous RC
Drill Rigs and sampling solutions for the mining
industry.
Based in Northern Ireland and
Western Australia, the Group's core activities are the development,
in-house manufacturing, and sale of its autonomous RC Drill Rigs
incorporating its core proprietary intellectual property, the Tribe
Technology Drilling System ("TTDS").
In March 2024, the Company completed
the build of the world's first autonomous RC Drill Rig following
orders from Tier 1 mining companies.
Tribe Tech's market-leading
technology will help to revolutionise the mining industry, enabling
digitisation and intelligent insight through Artificial
Intelligence (AI), dramatically improving safety outcomes and
streamlining operations.
