QuadTech International, Inc.
(OTCBB: QTII)
QuadTech International, Inc. (OTCBB: QTII) is a global provider and developer of leading-edge Internet and IP-based technology solutions. QuadTech develops partnerships and/or acquires control in high-growth, small to medium sized companies and solutions that support its technology-driven business focus. The company owns the exclusive worldwide sales and marketing rights for the iPMine System and aims to create value for its shareholders by making iPMine the leading global safety product for the mining industry.
QuadTech utilizes the latest technologies to build and design safety solutions for underground. Most mines around the world have rudimentary communications systems, often using very low frequencies and lower bandwidth capacity. QuadTech’s iPMine solution utilizes the robust 802.11-based network communication standards operating in the 2.4GHZ – 5.8GHz. QTII builds and designs iPMine and market this platform as a complete turnkey solution that includes network consulting services, installation, training, and on-going product support.
Mine Safety
Every day millions of miners go underground in thousands of mines around the world. Once underground, miners move around in a labyrinth of shafts, tunnels, and galleries that make up a working mine.
The challenge for management and those who are responsible for miners’ safety is knowing where everyone is at all times. This is critical because mines are in a constant state of change; with some areas closed due to safety issues; some areas prepared for blasting activities, and other areas designated as safety and refuge locations. By being able to keep track of miners and equipment, management can greatly improve overall mine safety.
In the event of a mine accident or disaster, management needs to be provided with critical information about the location and status of all miners. This will greatly reduce the amount of time needed to direct rescue efforts and resources to the precise locations of trapped miners. In the past, mines relied on luck. Their underground communication system consisted of a few telephones with cables. iPMine’s wireless communication, tracking, and monitoring capabilities will change this. Responding to a shifting trend toward safety in the mining industry, QuadTech developed iPMine to address this unique market niche.
QuadTech’s Solution: iPMine
iPMine, QuadTech’s flagship product targeting the mine-safety industry, is a real-time 2-way wireless communications solution to track, monitor, and communicate with miners and equipment underground and above ground. iPMine utilizes QuadTech’s 802.11-based zone access points (iPMine-ZAP’s) to establish an in-mine wireless data network that functions as the nervous system linking a mine’s operation control center, miners, and equipment. QuadTech’s mobile communication devices (iPMine-M8’s), which are carried by miners or attached to equipment, broadcast their secure location information and other messages as they roam between various mining zones. This information is intercepted by the iPMine-ZAP’s and relayed back to the operations control center where it’s displayed on QuadTech’s iPMine-VU monitoring and viewing station.
iPMine’s scalability and flexibility features make it ideal for deployment in mines of all sizes; multiple levels/remote sites are all accessible from single or multiple servers. iPMine’s redundant communications features make the system highly reliable.
iPMine also provides the ability to rapidly integrate with other enterprise applications and database systems through a universal data interface. For example, information or data from a methane gas detector application can be passed to iPMine and disseminated to the miners, warning them to avoid certain zones.
China Market
China is the world’s largest gold producer as well as the world’s largest coal producer and coal is by far the largest in China. China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned.
More than 6,000 miners died in accidents in China in 2005, according to previously released Chinese government figures. Independent estimates say the real figure could be as high as 20,000.
In March 2005, Chinese Premier Wen Jiabao said that the government will spend this year US$361 million on “safety technologies upgrading” at selected state-owned coal mines. In February 2005, the Chinese State Administration of Work Safety (SAWS) mandated US$6.3 billion to be spent over the next three years to improve mine-safety. According to SAWS, the US$6.3 billion will bring safety systems and equipment in line with national standards. The Chinese government also is offering all mining enterprises, whether state-owned or privately owned, a 15 percent tax credit incentive to upgrade mine safety technologies.
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