9 December
2024
Tribe Technology
PLC
("Tribe Tech", the "Company" or the "Group")
Tribe Tech's RC Drilling
System Update
Tribe Technology PLC
(AIM: TRYB), a disruptive technology-first developer and
manufacturer of world-class autonomous mining equipment, provides
the following update in relation to the Company's autonomous
reverse circulation ("RC") TTDS GC 700 drill rig (the "Drill
Rig").
Further to the
Company's announcement on 16 September 2024 as well as 1 October
2024, the Company is pleased to confirm that it has carried out
several product demonstrations & presentations of the Sample
System in the workshop and the Drill Rig with Remote Command Hub at
the Australian Automation & Robotics Precinct ("AARP") in
Australia, to current and potential customers. In addition, Drill
Rig demonstrations have been conducted to representatives from
industry bodies such as the Australian Drilling Industry
Association and the Minerals Council of Australia.
The Company intends to
continue facilitating technology demonstrations regularly during
the testing and commissioning phase of the Drill Rig system to
additional potential international clients in the first half of
2025.
Customer site visits at
AARP
Derek Loughlin, Chief Technical Officer at
Tribe Tech, commented:
"We are very pleased to be able to host
these technology and product demonstrations for current and
potential clients and to create further awareness of the
innovations across the industry.
"Feedback has been encouraging and we are
looking forward to demonstrating additional product functionality
including autonomous drilling during the first half of 2025 as we
progress towards the full system commissioning
phase".
-END-
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
|
|
SP
Angel Corporate Finance LLP (Joint
Broker)
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+44 20
3470 0470
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Richard Morrison / Charlie Bouverat
(Corporate Finance)
Grant Barker (Sales and Corporate
Broking)
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Tavistock (Financial
PR)
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+44
20 7920 3150
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Gareth Tredway / Rebecca Hislaire
/ Saskia Sizen
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tribetech@tavistock.co.uk
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About Tribe
Tech
Established in 2019, the Group was founded to create
a safer, more efficient work environment through the development of
fully autonomous reverse circulation drill rigs in the mining
industry. 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").
