REG - Tribe Technology PLC - Tribe Tech’s RC Drilling System Update

Tribe TechnologyAnnouncement

09/12/2024 07:00

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RNS Number : 2496P  Tribe Technology PLC  09 December 2024

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
(http://www.tribetechgroup.com) or contact:

 

 Tribe Technology PLC                                                  via Tavistock
 Charlie King, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser and Broker)                +44 20 3328 5656
 John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)  info@allenbycapital.com

 Tony Quirke / Joscelin Pinnington (Sales & Corporate Broking)
 SP Angel Corporate Finance LLP (Joint Broker)                         +44 20 3470 0470
 Richard Morrison / Charlie Bouverat (Corporate Finance)

 Grant Barker (Sales and Corporate Broking)
 Tavistock (Financial PR)                                              +44 20 7920 3150
 Gareth Tredway / Rebecca Hislaire / Saskia Sizen                      tribetech@tavistock.co.uk

 

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").

 

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