Over $900K to SHYFTinc for new connected containerization solution for mining

(TORONTO) March 3, 2020 — SHYFTinc, a Sudbury-based mining technology developer and distributor, is pleased to receive more than $900,000 from the Ministry of Economic Development , Job Creation and Trade's Autonomous Vehicle Innovation Network (AVIN) initiative, led by OCE, to support the development of a revolutionary mining supply chain and inventory management system that uses smart containerization.

The funding supports ADMMIT®, an autonomous mobile inventory management system built for dynamic environments such as mines. It tracks, delivers, and manages material movement in real-time, from purchase to consumption, and links to mine planning and inventory controls.

SHYFTinc president Tyler Samson said that industry is interested in systems and solutions that can transform the mining process. "ADMMIT® and its SmartCube™ connected containers will offer a mobile warehouse, helping mines track material such as tools, explosives, and parts," said Samson.

Testing and validation of such a transformative technology is made possible thanks to initiatives like AVIN and support from a global consortium of leaders in mining technology, underground operations, software and computing, and autonomous vehicle development.

It is also a first for AVIN to support a freight-management project in mining, and the first AVIN project in northern Ontario. Vic Fedeli, Ontario's Minister of Economic Development, Job Creation and Trade said: "Our government has a plan to create a more competitive landscape where all businesses and job creators can flourish. This new partnership with SHYFTinc is a great example of the role government can play to create new opportunities for investment and economic development in Northern Ontario."

Claudia Krywiak, CEO and President of OCE added that "OCE is pleased to partner with the Ministry of Economic Development, Job Creation and Trade on Ontario's AVIN initiative and help SHYFTinc bring its 'made in Ontario' technology to market. This project is another great example of the innovative collaborations that can be forged regionally to enable local companies to scale globally."

SHYFTinc founding president Trang Tran-Valade, P.Eng., has been leading the global consortium and ADMMIT® platform development. She is now president of FORTAI; a new company focused on optimizing the mining value chain through advanced automation.

"SHYFTinc's success with ADMMIT® would not be possible without our ecosystem partners. Creating advanced and transformational technology takes vision and teamwork. We appreciate the support from our funding, technology, and academic partners who have been instrumental in this shared success," said Tran-Valade.

The announcement was made in Toronto at the Prospectors and Developers Association Annual Convention (PDAC), within the Northern Ontario Mining Showcase.

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Photo caption:
Pictured (L-R): Marc Boudreau, P.Eng., FORTAI CEO; Hon. Greg Rickford, Minister of Energy, Northern Development and Mines and Indigenous Affairs & MPP, Kenora-Rainy River; Patricia Mills, SHYFTinc Vice President Business Development; Trang Tran-Valade, P.Eng., FORTAI, President & SHYFTinc Founding President; Hon. Victor Fedeli, Minister of Economic Development, Job Creation and Trade & MPP Nipissing; Tyler Samson, P.Eng., SHYFTinc President; Claudia Krywiak, OCE President and CEO.

About SHYFTinc
SHYFTinc is an influential and innovative mining technology company. Its mission is to distribute, develop, and integrate leading-edge solutions that transform the mining process. SHYFTinc delivers established and emerging automation and software products and services that make the mining process safer, more productive, and more profitable.

About OCE
As Ontario's province-wide collaboration platform for innovation, OCE maximizes the economic impact of research developed in Ontario colleges, universities and research hospitals by accelerating the commercialization of emerging technologies. Through its broad network and deep connections across industry, academia and government, OCE develops successful industry-academic collaborations and supports companies bring ground-breaking research from "lab-to-market." On behalf of the Government of Ontario, OCE works in over 160 communities across the province to build economic prosperity, high-quality jobs and a better Ontario through innovation.

About AVIN
The Autonomous Vehicle Innovation Network (AVIN) is a Government of Ontario program, led by OCE, designed to reinforce Ontario's position as a North American leader in transportation technology and infrastructure systems. Through resources such as research and development (R&D) support, talent development, technology acceleration, business and technical supports, and demonstration grounds, AVIN provides a competitive advantage to Ontario-based CAV companies.
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Media Contacts

SHYFTinc
Lynn Bulloch
Communications Manager
lynn_bulloch@shyftinc.com
705-561-0593

Twitter @shyftinc
LinkedIn @SHYFTinc
www.shyftinc.com

OCE
Braden Root-McCaig
Director of Communications & Strategy, OCE
Braden.root-mccaig@oce-ontario.org
647-523-4300

More Info: https://shyftinc.com/