RPM ACQUIRES NEW TECHNOLOGY

RPM ACQUIRES NEW TECHNOLOGY

RUNGEPINCOCKMINARCO Limited (ASX:RUL) has entered an agreement to acquire FlexSim Software Products in Utah.

The mining consultancy will be able to rebrand, commercialise and further develop the simulation software code as part of the acquisition.

FlexSim products are designed to simulate systems used in a wide range of industries, including manufacturing, material handling, healthcare, warehousing and logistics.

The software enables users to test a number of variables to determine its impact on a system, to enhance performance and reduce costs.

RungePincockMinarco (RPM) plans to utilise its capabilities within the mining industry, including oil sands, advisors and aggregates and original equipment manufacturers.

The business has been working with FlexSim since early last year, after incorporating technology to model complex mine haulage systems in an interactive 3D format.

RPM CEO and managing director Richard Mathews says the deal will utilise a new revenue stream for the company, as well as invaluable technology.

"This acquisition supports both our enterprise and simulation software strategies," Mathews says.

"FlexSim's reputation in the world of simulation is second to none so we are delighted with this major advancement in our software strategy.

"There is no doubt that our products are becoming more competitive and that our focus on moving technical mining products off the desktop and up into the enterprise is bearing fruit."

The simulation engine will also be embedded into the next major release of RPM's mine planning program XECUTE.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Cannon-Brookes launches shareholder campaign against AGL demerger

Cannon-Brookes launches shareholder campaign against AGL demerger

Australian billionaire and Atlassian co-founder Mike Cannon-Brookes...

Action film The Fall Guy starring Ryan Gosling to inject $244m into the Australian economy

Action film The Fall Guy starring Ryan Gosling to inject $244m into the Australian economy

The Australian economy is expected to receive a $244 million inject...

Clear Dynamics secures $35m to grow AI-enabled automated coding solution aieos

Clear Dynamics secures $35m to grow AI-enabled automated coding solution aieos

After increasing its customer base four-fold over the past 12 month...

Board clean-out on the cards for The Star as review told of mass resignation plan

Board clean-out on the cards for The Star as review told of mass resignation plan

The review of Star Entertainment Group (ASX: SGR) by the NSW gaming...