9 December 2024
Tribe Technology PLC
("Tribe Tech", the "Company" or the "Group")
Tribe Tech's RC Drilling System Update
Tribe Technology PLC (AIM: TRYB), a disruptive technology-first developer and manufacturer of world-class autonomous mining equipment, provides the following update in relation to the Company's autonomous reverse circulation ("RC") TTDS GC 700 drill rig (the "Drill Rig").
Further to the Company's announcement on 16 September 2024 as well as 1 October 2024, the Company is pleased to confirm that it has carried out several product demonstrations & presentations of the Sample System in the workshop and the Drill Rig with Remote Command Hub at the Australian Automation & Robotics Precinct ("AARP") in Australia, to current and potential customers. In addition, Drill Rig demonstrations have been conducted to representatives from industry bodies such as the Australian Drilling Industry Association and the Minerals Council of Australia.
The Company intends to continue facilitating technology demonstrations regularly during the testing and commissioning phase of the Drill Rig system to additional potential international clients in the first half of 2025.
Customer site visits at AARP
Derek Loughlin, Chief Technical Officer at Tribe Tech, commented:
"We are very pleased to be able to host these technology and product demonstrations for current and potential clients and to create further awareness of the innovations across the industry.
"Feedback has been encouraging and we are looking forward to demonstrating additional product functionality including autonomous drilling during the first half of 2025 as we progress towards the full system commissioning phase".
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For further information, please visit www.tribetechgroup.com or contact:
| Tribe Technology PLC | via Tavistock |
| Charlie King, Chief Executive Officer |
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| Allenby Capital Limited (Nominated Adviser and Broker) | +44 20 3328 5656 |
| John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance) Tony Quirke / Joscelin Pinnington (Sales & Corporate Broking) | info@allenbycapital.com |
| SP Angel Corporate Finance LLP (Joint Broker) | +44 20 3470 0470 |
| Richard Morrison / Charlie Bouverat (Corporate Finance) Grant Barker (Sales and Corporate Broking) | |
| Tavistock (Financial PR) | +44 20 7920 3150 |
| Gareth Tredway / Rebecca Hislaire / Saskia Sizen | tribetech@tavistock.co.uk |
About Tribe Tech
Established in 2019, the Group was founded to create a safer, more efficient work environment through the development of fully autonomous reverse circulation drill rigs in the mining industry. The Group's core activities are the development, in-house manufacturing, and sale of its autonomous RC Drill Rigs incorporating its core proprietary intellectual property, the Tribe Technology Drilling System ("TTDS").
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