3rd Mar 2014 10:22
LONDON (Alliance News) - Seeing Machines Ltd Monday said it has signed a deal whereby Caterpiller Inc dealer WesTrac Pty Ltd will market its driver safety systems products and services to mining customers across Australia.
WesTrac currently provides mining equipment services in Western Australia and China.
"We are excited to be working with WesTrac to provide and promote our industry-leading safety systems to end customers," Chief Executive Ken Kroeger said in a statement. "The increasing focus on safety in the mining industry in Australia provides a tremendous opportunity for Seeing Machines and WesTrac to offer world-class safety solutions for their operations."
The financial terms of the deal were not disclosed.
The stock was trading at 7.45 pence Monday, down 0.30 pence or 3.9%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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