A WESTERN Australian technology company that specialises in down-hole survey tools is making headway in Australia and on the international market, despite the global economic turmoil forcing resources projects to shutdown.
Canning Vale-based Globaltech believes its Pathfinder down-hole survey system will be a boon for resources companies seeking to cut costs as commodities prices continue to tumble.
The company's Pathfinder probe empowers drillers to survey their own drill-holes, with data instantly viewed on-site or saved into a USB memory stick and downloaded onto a computer system for analysis by surveyors and geologists.
Globaltech managing director Khaled Hejleh said by enabling drillers to survey drill-holes with wireless transmissions, mining companies could obtain accurate and reliable survey data without the need to employ expensive surveyors to come on-site.
"We thought, if the driller is already there and is dropping things down the drill-hole every few metres or so and he is taking the core sample out, why can't we do a complete survey as well?" Mr Hejleh said.
He said while the resources market had been contracting over the past few months, Pathfinder's market share was increasing at a faster rate.
Globaltech recently signed an agreement with Canada-based down-hole drilling equipment manufacturer and distributor Fordia Group, which the company hopes will assist with the placement of its products in "every corner of the planet".
Sales and marketing director Gordon Stewart said the company viewed the current economic downturn as an opportunity to roll out Pathfinder globally and increase its market share.
"The labour costs of a survey team will put more pressure on companies who will be asking themselves what else they can do to cut costs in this current climate," he said.
Complete your details below to receive our twice-daily news emails and our BN Weekender.
© Business News 2017. You may share content using the tools provided but do not copy and redistribute.