REFLEX is pleased to announce its proposed acquisition of 2iC – an Australian based developer and supplier of exploration, production and technical products.
2iC’s portfolio of products and mechanical engineering expertise will complement REFLEX’s capabilities and further enhance its leading range of technologies.
This will firmly position REFLEX as the single provider of the most complete range of core orientation solutions, for mining and exploration, globally.
Commenting on the proposed acquisition, Chief Executive of REFLEX – Mr Derek Loughlin said:
“2iC’s extensive patent portfolio provides an attractive opportunity for REFLEX and will fit well with our aggressive technology development profile.”
Our REFLEX ACT IV, due for release in 2015, is a good example of what can be achieved when the expertise of our two companies is combined”, added Mr Loughlin.
Executive Director of 2iC, Mr Gavin McLeod, supported this view and is looking forward to the Company’s next phase of development with REFLEX.
“REFLEX has a well established global support and distribution network, which will significantly increase our ability to market existing tools such as our EZY-MARK, together with new technologies” said Mr McLeod.