Canada’s Hyperspectral Intelligence says a non-exclusive sales agent agreement with Sumitomo Corporation of Americas (SCOA) can help grow its global reach.
The British Columbia firm, established in 2016, is said to have deployed its geoLOGr automated rock sensors in at least six countries on four continents. The units are connected to Hyperspectral Intelligence’s cloud-based data processing engine.
SCOA is the largest subsidiary of Japan’s Sumitomo Corporation, one of the world’s major commodity and goods traders. It will leverage a global group network to promote and distribute Hyperspectral Intelligence’s hardware and data analytics products to clients in the mineral exploration and mining industry.
“SCOA is a respected leader in this industry, and this agreement represents a significant step forward in HI’s strategic growth initiatives, allowing our company to strengthen our presence in the mineral exploration and mining sector alongside a trusted, diversified, and global partner,” Hyperspectral CEO Dr Michelle Tappert said.
She said the company’s products could be used to analyse a full range of rock types and mineral deposits.
