Gemcom Software International Inc.

Gemcom Software International Inc.

June 14, 2010 11:00 ET

Sandvik and Gemcom Announce Collaboration Agreement on Technology for Underground Mining

Innovative Equipment Performance and Production Management System to Provide Vital Operational Decision-Making Information

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2010) - Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today announced that they have signed a Collaboration Agreement with Sandvik Mining and Construction to develop a system and interface for monitoring underground mobile mining equipment. The two companies are teaming on an innovative equipment performance and production tracking solution that will further improve consolidation and validation of information from mine operational systems.

Mining companies worldwide select Sandvik service solutions and automation technologies to help them manage their mining equipment and production. With growing requirements in the industry for new enabling technologies to drive greater efficiencies, there is a need for a flexible and well-integrated system for mining operations management.

Gemcom InSite™ delivers operations management capabilities that complement planning and scheduling activities, along with a continuous improvement engine that drives improved recovery, throughput, equipment utilisation, and performance.

"InSite features innovative technology that monitors in near real time equipment, events, and tracks production, which enables timely operational decision making," stated Rauno Pitkanen, manager of projects, systems and new offering, Sandvik Mining and Construction. "This industry-leading technology, when combined with Sandvik's sophisticated Optimine™ capabilities, will allow mining companies to follow up on their production, equipment, and personnel performance metrics in a simple and effective manner. Ultimately, they will be better able to manage and utilise their capital expenditures, and be able to back up business decisions with hard data."

"Sandvik has developed an in-depth understanding of the demands of modern mining operations and how automation of loading and hauling processes in the mining cycle can contribute to the improvement of safety and efficiency of ore transportation," commented Allen Vaughn, Gemcom executive vice president. "Sandvik's desire to provide customers with more in-depth knowledge on the condition of the equipment for maintenance purposes, as well as production monitoring to more effectively manage draw and production control, creates the opportunity to leverage InSite."

A prototype of the Sandvik Gemcom collaborative solution is in place at the Sandvik Test Mine in Tampere, Finland. To learn more or see the system in operation please contact: Sandvik at rauno.pitkanen@sandvik.com or Gemcom at fcarew@gemcomsoftware.com.

About Sandvik

Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2009 the Group had about 44,000 employees and representation in 130 countries, with annual sales of nearly SEK 72,000 M.

Sandvik Mining and Construction is a business area within the Sandvik Group and a leading global supplier of equipment, cemented-carbide tools, service and technical solutions for the excavation and sizing of rock and minerals in the mining and construction industries. Annual sales 2009 amounted to about SEK 32,600 M, with approximately 14,400 employees.

About Gemcom

When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry thought-leaders who are pushing the boundaries of what's possible in mining. Established in 1985, Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 90 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of specialised mining productivity solutions. For more information, visit www.gemcomsoftware.com.

Sandvik and OptiMine are trademarks of Sandvik AB.

Gemcom, the Gemcom logo and combinations thereof, and Gemcom InSite are trademarks of Gemcom Software International Inc.

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