Major mining company standardizes on Matrikon(TM) Mobile Equipment Monitor solution



    
    Highlights

    - Matrikon launches Mobile Equipment Monitor (MEM) solution for real time
      monitoring of heavy mobile mining equipment
    - A major mining company has purchased Matrikon's MEM for its North
      American properties
    

    EDMONTON, Jan. 21 /CNW/ - Matrikon Inc. (TSX:MTK) today announced that a
major mining company has selected Matrikon Mobile Equipment Monitor (MEM) to
monitor the performance of their heavy mobile equipment. Initial
implementation will be at two mine properties, with longer term plans for
deployment at additional properties. The value of the contract for the initial
properties is $2.8 million.
    MEM will be used to monitor operational data, including alarms, from the
mine's haul trucks, shovels, and loaders. MEM collects the data in real-time,
provides visualization and trending, and assists operators in determining the
best course of action, helping the mining company to realize reductions in
maintenance and operating costs and to extend equipment life.
    Nizar J. Somji, president & CEO of Matrikon stated: "For the past five
years, we have been building expertise and leadership in monitoring heavy
equipment in the Alberta oil sands. Building on this domain experience, MEM
was designed and purpose-built for the mining industry with input from key
industry players to ensure that MEM addresses a key mine issue: improving
productivity of critical capital assets while lowering cost."
    MEM remotely collects all of the available operating data from the
equipment's onboard sensors and systems and transmits it over the mine
operator's network to a central database. The data is available for real-time
analysis and visualization by mine monitors and engineers. MEM analyzes this
operations data in real-time, providing graphs and trends of ongoing
performance, tracking key performance indicators, managing OEM and user
defined alarms, and assists with predicting developing problems with the
equipment. This allows the experts monitoring the equipment to better manage
and schedule maintenance, to react immediately to developing problems, and to
assist the operator in determining the appropriate corrective action. The
result is a considerable reduction in operating and maintenance costs, and an
increase in equipment availability.
    Haul trucks, shovels and other heavy mobile mining equipment represent
one of the highest operating costs in mine operations, and control of
escalating costs is one of the primary challenges facing the mining industry
today. The current high commodity prices emphasize the importance of
maximizing availability and utilization of expensive production assets to
maximize production. As a result, many mining companies are investing in cost
reduction and productivity improvement programs to maximize profitability and
help ensure viability in an increasingly competitive market. Matrikon has
responded to this challenge with the launch of MEM.

    About Matrikon

    Matrikon (www.matrikon.com) is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. Matrikon's customers
achieve agile operations through the combination of external market and plant
data to make informed, intelligent decisions in real-time. With offices in
major cities throughout North America, Australia, Europe and the Middle East
and a global client base including industry leaders in a wide range of process
industries, Matrikon's reach is global.

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For further information:

For further information: Nicole Sayler, Corporate Communications
Director, (780) 485-7238

Organization Profile

MATRIKON INC.

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