Tag Archives: Andrew Jessett

PitcrewAI

Pitcrew AI real-time tyre damage detection plans win RCF Jolimont backing

Automation, Environmental, Mining consumables, Mining equipment, Mining safety, Mining software, , , ,

Australia-based Pitcrew AI’s goal of providing real-time, automated inspection and condition monitoring solutions to the the heavy vehicle fleet sector has been given a boost with an investment from the leading growth capital provider for mining innovation, RCF Jolimont Mining Innovation Fund II-A L.P. (RCF Jolimont).

This significant Series A funding marks a pivotal step for Pitcrew AI, empowering its product development, team expansion and overall growth, the company said.

Pitcrew AI’s technology is, the company says, now widely embraced across diverse heavy vehicle fleets. As the industry shifts towards autonomous and remote vehicle operation, eliminating the possibility of traditional driver-based issue detection, the technology’s importance becomes increasingly critical. This trend of automation is rapidly expanding beyond the mining industry, with significant potential applications in highway haulage, rail, construction machinery, and even passenger transportation sectors.

The company’s solution combines computer vision, thermal imaging technology and advanced AI techniques to enable real-time detection of tyre damage and vehicle problems. This cutting-edge approach enhances safety, minimises operational disruptions, and aligns with eco-friendly mining practices by reducing premature tyre scrapping and its associated environmental impact.

RCF Jolimont’s VP Australasia, Andrew Jessett, has been appointed as a director on the Pitcrew AI Board. He said: “RCF Jolimont seeks to support and build innovative businesses that are transforming mining. Pitcrew AI’s automated inspection solutions perfectly align with our mission. We’re excited to contribute to their expansion globally and witness their positive environmental and economic impact in the mining sector and beyond.

“Pitcrew AI team’s deep technical expertise in AI and mine operations, coupled with their commitment to forward-thinking and innovative solutions, makes them an exceptional business who are poised for rapid growth. Equally important, by maximising tyre life, Pitcrew AI’s technology has potential to deliver meaningful reductions in emissions in Australia and globally.”

Pitcrew AI Founder and CEO, Tim Snell, said: “We are incredibly grateful for the investment and partnership with RCF Jolimont, and we are thrilled to have Andrew join our Board of Directors.

“When we created our solution, we solved many tyre management issues encountered by mine sites. We have received fantastic support from all our customers and our partners in Australia and North America over the past few years. “This funding allows us to accelerate our mission to enable safer and more sustainable transport and better support our customers and partners during our expansion.”

The Series A financing round was led by RCF Jolimont and rounded out by follow-on investment from the active early-stage fund, Startmate, who were the first investors in the company 12 months ago.

Commit Works appoints new CEO as it looks forward to another year of growth

Mining people, Mining software, , , ,

Frontline work management software company, Commit Works, has, this week, handed over the reins to newly appointed CEO, James Aleman.

Aleman comes to Commit Works equipped with 25 years of Software-as-a-Service knowledge and experience offering solutions to a variety of asset-intensive industries including mining and construction.

Andrew Jessett, Acting CEO at Commit Works and Australasian VP at RCF Jolimont, said Aleman had been chosen from an extremely competitive field.

“James combines business acumen, software knowledge and insightful understanding of the mining industry,” Jessett said. “He also has a range of management experience and curiosity that could not be more relevant or necessary to Commit Works’ current standing and its future success.”

Commenting on his appointment, Aleman said: “Commit Works is a company with an excellent reputation, a clear ethos and a promising future. I am deeply honoured to take on the role of CEO and excited at the prospect of contributing further to the success of our longstanding clients, who have been foundational in the company’s growth.”

He added: “Commit Works’ deep relationships with its clients has underpinned the business’ success, and I’m keen to see that continue. The incredible recent growth of the company – 70% in 2021 – is testament to the endeavours of the Commit Works team. I look forward to working alongside them.”

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

Bulk handling, IoT, Mining finance, Mining mergers and acquisitions, Mining services, , , , , , , ,

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

Communications in mining, IoT, Mining safety, Mining services, Mining software, , , , , , ,

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.