This year, we introduced a new product, opened new offices, continued our impressive pace of growth, and received recognition from industry, educators, and customers around the world! Looking back, we’ve compiled what we think were our top ten moments of 2018.
1. Achieved 30%+ revenue growth for the third consecutive year
Motion Metrics made a big announcement at our annual general meeting in August – this fiscal year, we grew revenue by 39%.
2. Named among British Columbia’s Top 100 Fastest-Growing Companies
Since 2013, Motion Metrics has seen its revenue more than double. Over the last five years, Motion Metrics expanded its Vancouver-based team from 30 to 60+ while establishing regional offices in Chile, South Africa, and Australia.
3. Codelco praised ShovelMetrics™
4. Co-authored a LoaderMetrics™ study with a Chilean copper mine
Like many hard-rock mines, the copper mines of Chile experience significant production loss from broken shovel teeth that end up in crushers. To address the issue, the mine installed LoaderMetrics™ Missing Tooth Detection. Over a period of 10 months, our solution helped the mine avoid a production loss of ~144 hours.
5. Launched a new product – BeltMetrics™
In March, we launched our first particle size analysis and empty belt detection solution for mining conveyor belts. BeltMetrics™ uses 3D imaging and deep learning algorithms to provide continual particle size analysis on the conveyor belt without impacting production.
6. Opened our first Australian office
In September, we officially established Motion Metrics Australia Pty in Perth, Western Australia to accommodate growing demand for our advanced monitoring solutions.
7. Installed ShovelMetrics™ systems on backhoe excavators
This year, we sold a record number of ShovelMetrics™ systems for backhoe-style excavators to operations worldwide. To learn more about ShovelMetrics™ for any shovel, excavator, or backhoe, visit our product page.
8. Expansion in Chile & South Africa
Headquartered in Santiago, Chile, Motion Metrics LatAm hired several new employees and outgrew their existing office. Hence, we moved to our new location in Nueva Santa Maria. Our African team also expanded this year. We have always had a dedicated team to support our African clients, but typically this team works directly on mine sites throughout Botswana and South Africa. This year, we established Motion Metrics Africa Pty.
9. Launched a full team dedicated to developing new solutions
As a technology company, our continued success depends upon responsive innovation, rapid product deployment, and flexible resource allocation. We realized that making improvements to existing solutions and developing new solutions have very different work flows and resource allocations, so this year we established a new agile stage-gate team tasked with swiftly identifying and bringing to market new artificial intelligence-based solutions.
10. Our CEO received the prestigious Dean’s Medal of Distinction
This April, Motion Metrics’ founding CEO and President Dr. Shahram Tafazoli received the University of British Columbia (UBC) Faculty of Applied Science Dean’s Medal of Distinction. UBC is British Columbia’s oldest university and consistently ranks among the top three public universities in Canada.