RocketDNA Expands Market Reach with New xBot® Contract in South Australia
RKT (RKT) Share Update October 2024 Wednesday 23rd
RocketDNA Secures Major Contract for xBot® Deployment in South Australia
RocketDNA Ltd (ASX: RKT) has announced a new purchase order from WSP Australia Pty Ltd, marking a significant expansion of its autonomous drone services in the mining sector.
Instant Summary:
- RocketDNA secures a purchase order for xBot® deployment at a major copper mine.
- The contract is with WSP Australia Pty Ltd, part of a global engineering firm.
- The order is valued at AU$243,960, covering initial setup and 12 months of data services.
- xBot® will be used for tailings dam monitoring, enhancing compliance and operational efficiency.
Contract Details
RocketDNA Ltd, a leader in AI and autonomous drone solutions, has secured a new purchase order from WSP Australia Pty Ltd. This contract involves deploying RocketDNA's xBot® solution at a significant copper mining site in South Australia. The xBot® will be instrumental in monitoring tailings dam construction and ongoing deposition, providing essential real-time data to ensure compliance and improve operational efficiency.
The purchase order, valued at AU$243,960, includes the initial deployment and setup of the SurveyBot® solution. This encompasses the purchase of one SurveyBot®, PowerSkid, VHF radio hardware, site establishment, and monthly operations for the first six months, along with Starlink data coverage for 12 months.
Technological Advancements
The SurveyBot® is an advanced, autonomous drone-in-a-box solution designed to revolutionize data capture and analysis across various industries, including mining, agriculture, and engineering. It operates remotely with minimal human intervention, managed from RocketDNA's Remote Operating Centres. The SurveyBot® provides aerial surveying, volumetric reporting, and real-time imaging, crucial for site monitoring and stockpile assessments.
Integrated with AI tools, the SurveyBot® automates data processing and analysis, delivering fast and accurate insights that enhance operational efficiency and safety. This technology reduces the need for on-site surveys, minimizing travel and human risk while offering high-frequency, actionable data.
This contract with WSP Australia marks a significant milestone for RocketDNA, potentially boosting its market presence in the mining sector. The deployment of xBot® at a major copper mine could lead to further opportunities and partnerships, enhancing RocketDNA's reputation as a leader in autonomous drone solutions. The financial impact of this contract, while modest, could signal increased revenue streams and market confidence in RocketDNA's innovative technologies.
Investor Reaction:
Analysts are likely to view this contract positively, as it demonstrates RocketDNA's growing influence in the mining industry and its ability to secure significant partnerships. The integration of advanced AI and drone technology in critical infrastructure monitoring could attract further investor interest.
Conclusion:
Investors should keep an eye on RocketDNA's progress in deploying its xBot® solution and potential future contracts in the mining sector. This strategic move could enhance RocketDNA's market position and drive long-term growth.