Tag Archives: Andrew Jessett

RCF Jolimont II fund invests in on-line analysis company Realtime Group

The Realtime Group Ltd says it has completed the sale of a majority stake in the company to global METS sector investor RCF Jolimont Mining Innovation Fund II LP.

Realtime is focused on developing on-line analysers for the mining, power generation and manufacturing industries, with customers in 46 countries relying on its solutions to accurately measure the quality and elemental composition of their product in real time as they are transported on automated material handling systems such as conveyor belts.

It developed its flagship AllScan elemental analyser, which leverages prompt gamma neutron activation analysis (PGNAA) sensors, in 2013. Since its inception, it has grown rapidly to have over 1,000 systems deployed at mining and other operations.

Dr James Asbury, a Co-Founder and current Real Time CEO, explains: “Our purpose built solutions enable decisions to be made based on real-time analysis of materials as they are transported between the mine, mill, trains and ships. Real time, on-line data of material properties that are to be loaded or processed permits timely decisions for optimising the overall process. Proactively managing materials in this way helps our customers to potentially save millions of dollars every year.”

He added: “RCF Jolimont II’s investment in Realtime will inject a wealth of expertise and experience to continue our journey to become the leading solution provider in the global mining industry and beyond. The team behind RCF Jolimont II has a history of success with fast-growth companies including Blast Movement Technologies and Newtrax which should benefit the future development of Real Time.”

RCF Jolimont II’s Andrew Jessett and Lyle Bruce will be joining the Realtime board of directors. Jessett is Vice President, Australasia at RCF Jolimont II.

Jessett said: “As we went through the process of investing in Realtime two things really stood out: the glowing testimonials from their customers, and the importance and value of enabling real-time decisions in the movement of valuable commodities. Realtime’s IoT technology is the premier solution in this space. We are very excited about the critical role it will play in helping customers realise new levels of efficiency in material processing.”

RCF Jolimont II recently also took a significant stake in Rail-Veyor Technologies Global Inc.

MineWare founder hands reins to Jason Fisher

MineWare CEO and founder, Andrew Jessett (pictured), has stepped down from his role at the company to pursue new opportunities, the independent monitoring systems company says.

Jessett founded MineWare in 2005, after independently creating and commercialising Pegasys, an advanced dragline monitor system.

“I’m immensely proud of everything the MineWare team has achieved over the past 15 years and I will follow its next growth phase with interest,” Jessett said.

MineWare Chairman, Lyle Bruce, said Jessett had notched up many significant achievements in his 15 years at the company; “guiding its growth into a global company and then successfully integrating with Komatsu three years ago”.

He added: “We thank Andrew for the incredible legacy he has created, upon which we will continue to innovate and grow.”

MineWare teams are focused on continuing to deliver innovative customer solutions, Bruce said, while the leadership seamlessly transitions.

Jason Fisher, formerly MineWare’s Regional Vice President for Australasia, will now act as CEO, supported by the company’s long-standing senior leadership team, the company said.

The transition commenced early this year, with Jason and Andrew working closely together for an initial handover term.