Envirosuite secures strategic investment and collaboration with Hitachi Construction Machinery

Envirosuite Limited (ASX:EVS) has secured a $10m investment from Hitachi Construction Machinery Co., Ltd. to acquire approximately 12% of Envirosuite's share capital. The investment is aimed at advancing Envirosuite's EVS Industrial solutions and market penetration, particularly in the Mining sector, with a specific focus on delivering solutions that assist customers with site productivity improvements and their ESG priorities, including GHG reductions, through digital technology.

Executive Commentary on Hitachi Construction Machinery's investment in Envirosuite

Envirosuite CEO, Jason Cooper, expressed excitement about the strategic investment and Collaboration Agreement with Hitachi Construction Machinery, stating, 'The $10 million investment and Collaboration Agreement represents definitive industry validation of our technology at the highest level, and will showcase our ability to help customers achieve their productivity and ESG goals through an innovative site-wide digital solutions approach.' Hitachi Construction Machinery Vice President and Executive Officer, President of Mining Business Unit Eiji Fukunishi, also shared his enthusiasm, saying, 'We are excited to be investing in a strategic relationship with Envirosuite. Their decades of experience and commitment to environmental and social responsibility while helping customers achieve their productivity goals aligns perfectly with Hitachi's vision for ensuring a prosperous land and society for the future, and contributing toward realizing a safe and sustainable society.'

Summary of Hitachi Construction Machinery's investment in Envirosuite and outlook

Hitachi Construction Machinery's $10m investment in Envirosuite, along with the strategic Collaboration Agreement, aims to accelerate the development and adoption of environmental and safety intelligence technology within the Mining industry. The collaboration is expected to drive sustainable practices and operational efficiencies across the sector, leveraging Envirosuite's environmental intelligence platform and Hitachi Construction Machinery's portfolio of mining equipment, fleet management, and advanced digital solutions. The partnership is set to help Mining customers achieve their productivity goals while redefining the industry's standards around environmental and social responsibility. The agreement demonstrates both Envirosuite's and Hitachi Construction Machinery's commitment to fostering a more sustainable future and enabling the Mining industry to achieve its environmental and Net Zero objectives with greater efficiency and impact.