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QMASTOR Awarded Major Contract to Improve Management of the Hunter Valley Coal Chain

Thursday, June 10th, 2010

Australian listed QMASTOR Limited (ASX:QML) announce that it has signed a major contract with Hunter Valley Coal Chain Coordinator Limited (HVCCC). The contract is for the provision and support of QMASTOR’s Horizon Advanced Planning and Scheduling software for the Hunter Valley Coal Chain. The agreement is expected to provide in excess of $5 million of revenue over five years. The Horizon system will play a key role in the planning and scheduling of coal through the Hunter Valley Coal Chain. This includes the planning and scheduling of:
– Coal movements from approximately 35 coal producers in the Hunter Valley.
– Rail movements from more than 27 load points in the Hunter Valley.
– The movement and loading of more than 1000 coal vessel per year from two coal terminals with another under construction.
A key component of the systems function is to facilitate management of the Newcastle coal vessel queue.
Managing Director Trent Bagnall said “This is a major project for QMASTOR. In terms of impact and strategic significance to our customers’ supply chain. It is one of the most important projects QMASTOR has undertaken to date and represents significant exposure for our products and for QMASTOR globally. It is the type of project that QMASTOR wants to be involved with and allows us to showcase our products and capabilities for a high profile client.”
“QMASTOR was competing for the contract against competitors from around the world. The awarding of this contract to QMASTOR re-affirms QMASTOR as world leading provider of systems to the globally mining and port sectors globally. Our systems provide real value for our clients and can be applied to globally significant operations such as this one for the Australian Coal Industry.”
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