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Open Cut Metalliferous Mine

Outcome: 34 times Return on Investment (ROI)
Saved 375 man hours on labour

BEFORE INSTALLING SMART-IDLER®

Roller Related Expenses Year 1 Year 2 Year 3 Year 4
Annual conveyor roller incident costs $1,294,780 $1,294,780 $1,294,780 $1,294,780
Annual conveyor belt crew labour for rollers $48,913 $48,913 $48,913 $48,913
Annual conveyor roller replacement costs $1,250 $1,250 $1,250 $1,250
Annual roller related expenses $1,344,810 $1,344,810 $1,344,810 $1,344,810

AFTER INSTALLING SMART-IDLER®

Roller Related Expenses Year 1 Year 2 Year 3 Year 4
Annual conveyor roller incident costs $0 $0 $0 $0
Annual conveyor belt crew labour for rollers $0 $0 $0 $0
Annual conveyor roller replacement costs $24,600 $2,201 $2,201 $2,201
Annual software cost to manage smart idler $15,000 $15,000 $15,000 $15,000
Annual roller related expenses $39,600 $39,600 $39,600 $39,600

In this instance the mine spent $$39,600 and saved $1.3M = ROI of 34 times their investment

Return on Investment - Payback Period

Return on Investment Year 1 Year 2 Year 3 Year 4
Vayeron Return on Investment Multiple 33.9 78.2 78.2 78.2
Time to payback (months) 0.5 0.1  0.1  0.1

Year 1 Year 2 Year 3 Year 4
ROI multiple if we price in catastrophic risk 78.2 349 349 349
Time to payback (months) 0.2 0  0  0
Reduction in Risk Exposure (man hours) 375 375 375 375