- Aquirian’s (AQN) subsidiary, TBS Mining Solutions, signs technology memorandum of understanding agreement with MACA Mining, a subsidiary of ASX-lister MACA (MLD)
- The parties will work together for the development and commercialisation of the Collar Keeper System
- The Collar Keeper System helps improve blasthole quality control across the mining industry
- The agreement marks a significant milestones in TBS’s strategy to develop and commercialise its technology
- Aquirian ends the day up 9.52 per cent to trade at 23 cents per share and MLD has ended the day up by 0.63 per cent at 80 cents each
Specialist mining service provider Aquirian (AQN) has signed a technology memorandum of understanding agreement with MACA Mining, a subsidiary of MACA (MLD).
MACA is a contracting group that provides services to the mining and construction industries.
TBS Mining Solutions, Aquirian’s subsidiary, and MACA have agreed to work together for the development and commercialisation of the Collar Keeper System.
The Collar Keeper System helps improve blasthole quality control across the mining industry. This technology is a change in managing blast hole quality and provides a unique solution to a range of different blasting environments with global applications.
The agreement marks a significant milestone in TBS’ strategy to develop and commercialise its technology.
MACA’s support and equipment is a crucial part of the development, prototyping and testing the Collar Keeper System.
Executive Director Business Development & Innovation, Greg Patching, was pleased to partner with MACA.
“It’s exciting to see our technology pathway take another key step forward in terms of development and commercialisation for our customers, their clients and our shareholders,” Mr Patching said.
On the market this afternoon, Aquirian was up 9.52 per cent to trade at 23 cents per share at market close. MLD also ended the day up by 0.63 per cent at 80 cents each.