Essa development partnership

PERTH-BASED listed mineral testing equipment company Essa Australia and FLSmidth Automation, based in Denmark, have announced a partnership agreement to introduce robotic laboratory systems to the minerals industry.Under the agreement, the companies will combine hardware and software products to jointly develop automated mineral sampling and analysis systems for mineral testing laboratories worldwide. Essa chief executive Darryl Stevens said the deal would allow the companies to improve the accuracy, reliability and speed of ore sample analysis. From its Bassen-dean office, Essa has access to international markets through associated companies in South America, Europe and Africa, as well as a number of strategically placed distributors around the world. The company listed on the Australian Stock Exchange in October last year, raising $3 million. Last month, Essa announced a net profit after tax of $1.87 million for the year to June 30, 7 per cent higher than its prospectus forecast and 11.8 per cent higher than the previous year. Essa declared a fully-franked final dividend of 1.4 cents a share.


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