The contract will facilitate the launch of a predictive asset monitoring solution from Future Fibre Technologies (FFT), an Ava Group company.
The new partnership will strengthen the recently announced strategic alliance with Mining3. Under the agreement, FFT will use its Aura advanced fibre optic sensing platform, combined with Mining3’s signal processing algorithms, to bring to market a brand new FFT solution – Aura IQ. The companies believe the automated system will provide the global mining industry with the world’s most advanced solution in wear detection of conveyor rollers with the ability to pre-empt failure, generating significant time and cost savings.
Professor Paul Lever, CEO of Mining3, said: “Our focus remains on accelerating the research and development process to deliver breakthrough technology for our members and the global mining industry. The new development and commercialisation partnership with the Ava Group facilitates this outcome and ensures the industry benefit from much-needed advancements in technology. In addition, this revolutionary new system would not have been made possible without the vital funding and support from our members and the Australian Coal Association Research Program (ACARP).”
Ava Group’s Head of Extractives and Energy, Andrew Hames, added: “Mining companies are striving to realise the full benefits of evolving digital capabilities to enhance improvements in productivity; including looking at ways of using data more effectively to improve asset management, reliability and introduce predictive capability.
“This partnership is a result of our focus towards providing innovative solutions to clients in key strategic sectors. The opportunity for Ava Group and Future Fibre Technologies is transformational for the industry and adjacent markets as we further leverage the technologies’ applications.”
The predictive asset monitoring solution is expected to launch in Q2 FY2019.
Read the article online at: https://www.drybulkmagazine.com/product-news/20022019/ava-group-and-mining3-to-launch-automated-conveyor-monitoring-solution/