The team at Tribe Tech set out to completely revolutionise and redesign reverse circulation (RC) drill rigs to make this dangerous but essential mining machinery safer and more productive. Taking an automation-first focus, Tribe Tech set about redesigning the RC drill rig from the ground up.
Turning ideas into action
By early 2020, Tribe Tech knew it was on to something special and that speed to market was crucial. So the team began looking for ways to boost its R&D capital and cash flow and zoned in on Radium Advances as the preferred solution.
Tribe Tech General Manager – Group Finance, Eric Hampel details, “We needed to continue our R&D at a rapid pace to stay ahead of our competitors. Having easy access to Radium Advances enabled us to reinvest in R&D and do just that. The process Radium Capital has for its advances is exceptional. From start to finish, getting a Radium Advance only takes a few business days, and it’s an incredibly straightforward and seamless experience.”
Today, by investing its R&D dollars into developing autonomous technology, the business is on the cusp of testing its prototype drill rig in the field before ramping up manufacturing.
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And be sure to check out the latest Tribe Tech developments by visiting tribetechgroup.com.