Heliostar Metals stock gains on Mexican asset buys
Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
SALT LAKE CITY — SEPT. 22, 2010 — inthinc Technology Solutions Inc., a global company centered on telematics, fleet solutions and driving safety, today announced that Barrick Gold Corporation will invest $16 million to install waySmart™ driver monitor systems in its fleet of vehicles worldwide.
This follows a successful pilot project conducted at Barrick sites in 2009. Implementation is already underway at Barrick’sNevada mines, including Cortez, Bald Mountain, and Ruby Hill, and the company targets full deployment in 3,000 vehicles worldwide by December 2010.
The inthinc system provides specific real-time, in-cab voice alerts to drivers if they make an aggressive turn, speed or fail to buckle a seatbelt. The alerts coach the drivers to correct the behavior and, if not corrected within the grace period, the system sends a message to the supervisor by email or text message.
“From our first meeting with Barrick, we knew safety was one of the company’s highest priorities,” said Todd Follmer, CEO of inthinc. “Our system will help the company make its current safety policies even more effective with in-cab driver mentoring, real-time alerts and driver performance reporting to help reduce vehicle incidents.”
The waySmart system from inthinc can also provide a wide range of real-time and historical reports regarding vehicle positioning and trends for driver and fleet performance. An SAE J211-compliant crash data recorder can trigger an immediate alert when a crash happens and provide court-admissible data to help determine the cause.
“The waySmart system clearly identifies which drivers are performing well and which drivers need more training,” said Bruce Huber, senior director of safety and health at Barrick. “It is a useful tool to coach drivers, encourage safe and cost-effective driving behaviors, and prevent vehicle incidents.”
About Barrick Gold Corporation
Barrick is the gold industry leader in production and reserves, with interests in 25 operating mines employing 20,000 people worldwide. The company also has projects and exploration programs on some of the world’s most prolific mineral trends. Barrick’s vision is to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. For more information, visit www.barrick.com.
About inthinc Technology Solutions Inc.
inthinc combines innovative technologies with engineering expertise to create breakthrough driving safety solutions that save lives, save money and protect the environment. inthinc technology dramatically improves driver behavior and has been documented to reduce accidents by more than 80 percent. For more information, please visit http://www.inthinc.com andwww.tiwi.com.
