News: Orbital Corporation lights up with high voltage acquisition

  1. Orbital Corporation (ASX:OEC) has completed the acquisition of a 50% interest in high voltage electrical isolation system developer REMSAFE Pty Ltd for $5 million in cash.
       
    The unique technology is protected by strong patents and has already received market support from Western Australia’s largest iron ore miners: Rio Tinto (ASX:RIO), BHP Billiton (ASX:BHP), and Fortescue Metals Group (ASX:FMG).

    REMSAFE’s provides a safety solution that delivers direct cost savings and increases productivity.

    Its high voltage remote isolate system, which was initially designed for use at hard rock mining operations, quickly and safely de-energise and isolates bulk handling plant from motive energy sources in less than 3 minutes.

    This compares with a typical 40 to 90 minute process where an electrician uses manually operated isolators.

    Orbital intends to aggressively build the existing order book for REMSAFE products within the local iron ore industry, as well as leverage the global potential the REMSAFE technology has for all forms of bulk mining, bulk commodity handling, and oil and gas industry applications for electrical and process isolations.

    The REMSAFE business will be integrated into the company’s other growth initiatives.

    These include the Unmanned Aircraft Systems propulsion systems business, potential expansion into the Indian automotive engineering sector, and Orbital’s highly successful Synerject Joint Venture with Continental AG.

     

 
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