Originally published by Business News
ASX-listed mining technology company K2fly has turned in its first $1 million invoicing month and maiden $2 million quarter as industry demand for vital environmental, social and governance decision-making information continues to climb. A new sales deal with a US-based geospatial data specialist is expected to add to the Australian company’s prospects in a key growth market.
K2fly says its reseller agreement with New Mexico-based Descartes Labs allows it to combine Descartes’ software-as-a-service-based land management systems with its tailings facility and rehabilitation software. The two companies intend to look at other integrated product offerings.
Perth based K2fly says the partnership strengthens its position in relation to mining industry adoption of and compliance with new international tailings management standards that requires better information management and reporting tools. The combined product offering “will further accelerate and complete the full end-to-end Tailings solution such that mining companies can better manage their tailings facilities in support of their GISTM (Global Industry Standard on Tailings Management) commitments”.