Corporate Announcement –Realignment of business strategy

Mines are turning their attention to improved productivity as the sustainable step in the “new normal” of the resources sector as prices fall below the peaks. To ensure MST addresses market demands and our customers’ changing circumstances, the Board commissioned a review of the MST business strategy in March 2015.

It has now aligned the business to the recommendations and to MST’s chosen technology roadmap.

The business review has refocused MST’s charter to providing end to end connectivity solutions to open cut and underground mines, and attaching a wide range of smart sensors and devices for automation of data gathering – enabling mines to have connectivity from OT (Operations Technology) to IT (Information Technology), providing one source of truth, in real time information.

The Board will shortly announce a new Chief Executive Officer to replace the former CEO, Mark Brayan. In the meantime, the Chairman of MST, Phil McCarthy and CFO, Peter Willis are working with the management team to deliver customer needs.

We’ll continue to provide updates on our technology roadmap and client success stories via http://mstglobal.com. MST Global remains committed to providing technology solutions to enable mines to improve productivity, enhance safety and lower costs.

For more information on this announcement or to learn more about MST’s solutions please contact us.