RPM ACQUIRES NEW TECHNOLOGY

Written on the 26 June 2015

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.

Latest News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

ADELAIDE APARTMENT BREAKS OFF-THE-PLAN RECORD WITH $3M SALE

AN apartment in 'The Adelaidean' residential development in Adelaide has sold for more than $3 million, which...

CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M

THE consumer watchdog will not oppose the proposed acquisition of Yellow Cabs in Queensland by taxi payment service C...

SLEEPING ROUGH IN THE NAME OF CHARITY: 170 BRISBANE BUSINESS LEADERS TAKE PART IN THE CEO SLEEPOUT

OVER 170 Brisbane CEOs and business leaders will brave the cold tonight to fight homelessness in what will be the big...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter