Razor Labs Enters Subscription Agreement with SIMEC Mining Following Initial Pilot Phase

Karl Reichenberg, Innovation & Technology Manager at SIMEC Mining"The Datamind AI platform complements our existing asset management, downtime detection and conditional monitoring systems and seamlessly integrates with our existing historian data.  At SIMEC, we aim to promote the use of AI while ensuring we maintain a cyber secured environment within our digital technology landscape. The implementation of the Razor Labs solution is utilizing AI to reduce the time our maintenance staff is manually monitoring and reporting the condition of our critical processing assets and in return extending the lifespan of our equipment."

Karl Reichenberg, Innovation & Technology Manager at SIMEC Mining
"The Datamind AI platform complements our existing asset management, downtime detection and conditional monitoring systems and seamlessly integrates with our existing historian data.  At SIMEC, we aim to promote the use of AI while ensuring we maintain a cyber secured environment within our digital technology landscape. The implementation of the Razor Labs solution is utilizing AI to reduce the time our maintenance staff is manually monitoring and reporting the condition of our critical processing assets and in return extending the lifespan of our equipment."

Tomer Srulevich, Chief Business Officer of Razor Labs, expressed his enthusiasm for the new agreement: "We are pleased to expand our partnership with SIMEC Mining, one of South Australia's leading mining and industrial operators. The early results have been encouraging, and we look forward to continuing to deliver benefits through this subscription agreement. SIMEC Mining's commitment to innovation and failure prevention is impressive and allows for improved processes and a significant impact on safety and reliability in the current market conditions."

About SIMEC Mining

SIMEC Mining operates as part of the global GFG Alliance, specializing in mining and steel production. With a focus on sustainable and innovative practices, SIMEC Mining is committed to enhancing operational efficiency and safety across its operations. The positive early indications from the initial pilot phase have led to the establishment of this comprehensive subscription agreement with Razor Labs.

About Razor Labs

Razor Labs, a leader in the mining tech sector, specializes in predictive maintenance with its flagship product, DataMind AI™. Our Sensor Fusion technology forecasts equipment failures, enhancing operational efficiency and safety. Publicly traded on the Tel Aviv Stock Exchange, we have a strong presence in key mining regions, including Australia and South Africa, where our solutions have driven significant improvements. Discover how our predictive maintenance system can transform your operations by visiting our website and following us on social media.

Website:https://www.razor-labs.com
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