EJQ2 - Fall 2024 - Journal - Page 31
very tangible applications in the mining industry, especially from a
safety aspect. The risks posed to miners signi昀椀cantly shrinks when
they are able to operate mining vehicles remotely, while productivity
will increase if these autonomous mining vehicles can operate and
communicate with each other in real time. Allied Market Research
expects that demand for mining AVs will surge from US $1.6 billion in
2025 to US $12.5 billion by 2035. This is complemented by industrial
robotics expecting to reach USD $352.1 billion by 2030; ApoSys 昀椀nds
itself at a very fortunate intersection between autonomous navigation
and robotics, especially as a 昀椀rst-mover with patented, scalable
technology.
The reality is that in order for industries to be sustainable, in-situ
resource utilization is very much needed to enable the development
of green technologies. However, key stakeholders within the mining
industry have a growing focus on ensuring the deliberate deployment
of each of its mining assets, such that there’s no wastage of fuel,
minimized vehicle emissions and e昀케cient operations. ApoSys is poised
to augment these strategic e昀昀orts by establishing a robust P2P network
between autonomous mining vehicles; every route taken by these
vehicles would be calculated and optimized.
How do you think current policy and 昀椀nancial incentives will help or
hinder the market?
We’ve been blessed with the support we received so far; however, emerging
technologies that are adjacent to autonomous mining are relatively
nascent, so that can limit the network of partners available to synergize our
R&D e昀昀orts for commercialization. As a result, more has to be developed by
ourselves, which can be a challenge sometimes. It would be great to have
half the resources that autonomous driving startups in other sectors have,
especially since our use cases are extremely tangible and quanti昀椀able.
What are your company goals for the next few years and how are you
setting yourselves apart from the competition?
Our primary goal for the next few years is to further validate and
commercialize Geoforge across various mines around the world. We are
already in discussions with mining 昀椀rms across Canada, South Africa
and the Middle East for pilot projects and early adoption. With the Ngen
support, we also foresee ourselves growing along with Canada’s budding
space industry, so that we can sustainably conduct mining operations
while ensuring the safety of miners. We also expect to build stronger
partnerships with leading mining companies to test Geoforge in real-world
environments and gain valuable traction.
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