Minerals Technologies Announces Deployment of Artificial Intelligence Technology for Mining

Rhea-AI Summary

Minerals Technologies Inc. (NYSE: MTX) has expanded its partnership with AIM Intelligent Machines Inc. to deploy artificial intelligence technology for mining operations. This innovative technology retrofits mining equipment of any age, size, or brand, enabling continuous operation at peak performance in all weather conditions. The AI system aims to improve safety, productivity, and analytics while preserving manual operation capabilities.

MTI's CEO, Douglas T. Dietrich, emphasized that this investment aligns with their goal of providing the safest solution for protecting employees and equipment. The partnership with AIM is expected to enhance safety and productivity in complex mining environments. Adam Sadilek, CEO of AIM, expressed enthusiasm about delivering advanced technology to partners like MTI in production environments.

Positive

• Expanded partnership with AIM for AI technology deployment in mining operations
• Potential for improved safety and productivity in mining operations
• AI technology adaptable to any mining equipment, regardless of age, size, or brand
• Continuous operation at peak performance in all weather conditions

Negative

• None.

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI), a global specialty minerals company, has expanded its partnership with AIM Intelligent Machines Inc. (AIM), a technology company specializing in AI-enabled safety, productivity, and analytics for mining equipment.

AIM enables mining operations to run continuously at peak performance in all weather conditions, unlocking value across fuel savings, fleet availability, and optimal site planning. This innovative technology retrofits mining equipment of any age, size or brand, while preserving the ability to manually operate the equipment.

“Our investment in autonomous mining technology supports our goal of providing the safest solution for protecting our employees and our equipment. We are excited to continue working with AIM and to be on the forefront of autonomous technologies,” said Douglas T. Dietrich, Chairman and Chief Executive Officer of MTI. “This has been a great opportunity to leverage cutting-edge technology in complex environments, in a way that will unlock even greater safety and productivity for our workforce.”

“We are always delighted to deliver safety and value to our partners through advanced technology deployments. MTI has been a wonderful partner, successfully deploying and leveraging AIM technology in production environments. We look forward to continuing to deliver ultimate safety and productivity for the mining sector,” said Adam Sadilek, CEO of AIM.

About Minerals Technologies Inc.

New York-based Minerals Technologies Inc. (“MTI”) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves globally a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.2 billion in 2023. For further information, please visit our website at www.mineralstech.com.

About AIM

AIM Intelligent Machines, Inc. (AIM) delivers the maximum safety and productivity level in mining operations. AIM’s platform provides a rugged plug-and-play solution for a wide range of heavy equipment fleets in the field today. We take customers from their current mode of operation to autonomous operation with a rigorous 3-step process. Please see www.aim.vision for further information.

MTI Media Contact:
Jennifer Albert, (212) 878-1840

MTI Investor Contact:
Lydia Kopylova, (212) 878-1831

FAQ

What is the purpose of Minerals Technologies' AI technology deployment in mining?

The AI technology deployment aims to improve safety, productivity, and analytics in mining operations while enabling continuous operation at peak performance in all weather conditions.

How does the AI technology from AIM Intelligent Machines benefit MTX's mining operations?

The AI technology retrofits mining equipment of any age, size, or brand, allowing for improved safety, fuel savings, fleet availability, and optimal site planning while preserving manual operation capabilities.

What did Douglas T. Dietrich, CEO of Minerals Technologies (MTX), say about the AI technology deployment?

Dietrich stated that the investment in autonomous mining technology supports their goal of providing the safest solution for protecting employees and equipment, and allows MTX to be at the forefront of autonomous technologies.

How does the partnership between Minerals Technologies (MTX) and AIM Intelligent Machines benefit the mining sector?

The partnership aims to deliver ultimate safety and productivity for the mining sector through advanced AI technology deployments, enabling mining operations to run continuously at peak performance in all weather conditions.