Mining technology company MineWare has signed the 100th deal of its flagship Pegasys dragline monitoring system, achieving the milestone mark in just over a decade of operation.
Created and commercialised by the mining technology company in its founding year, the Pegasys system was responsible for almost a quarter of MineWare’s sales in the US and Canada in the last financial year, securing more than 60 per cent market share nationally and delivering 24 installations. Half of the new Pegasys sales were replacement systems for older, less reliable competitor products, with the North American market attracted to the accuracy and reliability of MineWare’s system.
Founder and CEO Andrew Jessett explains that the North American market sees strategic importance in using Pegasys for their open cut coal operations. With many of these operations producing anything from 7 million tonnes to 100 million tonnes per annum, it’s important for the companies to achieve direct, measurable improvements in operational efficiency, safety and productivity.
The Pegasys dragline monitoring system delivers these objectives for clients by accurately measuring the performance of their dragline fleets, and providing precise, reliable payload information, vision and guidance intelligence, live operator feedback and remote access to critical production data.
The Pegasys story began 10 years ago when Jessett sold MineWare’s first dragline system to BHP Billiton Mitsubishi Alliance, after commercialising his own invention without seed money. During his time with CRC Mining as a member of the development team behind the world-renowned Universal Dig and Dump (UDD) rigging and control system, Jessett noted that the mining industry still faced the challenge of not having any reliable or accurate means to measure the end-user benefits of the UDD technology, which meant they could not calculate the return on a significant investment. The Pegasys technology was able to address this gap.
The core platform of the successful Pegasys product has been extended to the shovel and excavator market with MineWare’s widely acclaimed Argus system, which not only provides real-time guidance to the operator on board the machine, but also delivers critical production, maintenance and planning information to key personnel onsite and remotely.
With the mining industry’s increasing interest in MineWare’s technologies, the company is focused on growing its existing presence in the US, Canada and South Africa.
Jessett attributes MineWare’s continued success in the industry to the team’s customer centric culture and their clear focus on productivity improvement backed by premium product support.
MineWare’s 100th Pegasys installation was part of a million-dollar project with a coal mine in Canada.