Normet acquires Dynamic Rock Support, “reinforces” offering for Rock Reinforcement

Normet Group Oy has today acquired the shares in Dynamic Rock Support AS in Norway. The acquisition broadens Normet’s offering for rock reinforcement with the new generation, energy absorbent D-Bolt system.

Dynamic Rock Support AS (DRS), owned by ProVenture Seed, Salvesen&Thams, NTNU - the Norwegian University of Science and Technology - and the founders, is based in Trondheim, Norway and has subsidiaries in Australia and Canada.

Workers Safety North has recently published a few presentations that highlights differences between several dynamic bolts.

Please find a presentation about D-Bolt on http://www.healthandsafetyontario.ca/HSO/media/WSN/Resources/WSN-2012-F-...

Also, please see a CANMET summary of testing of different bolts at: http://www.healthandsafetyontario.ca/HSO/media/WSN/Resources/WSN-2012-C-...

If you have any question, please contact Mr. Gisle Østereng on cell phone +47 928 92 551.

21st of June 2012: Atlas Copco Mining and Rock Excavation Technique Sweden and Dynamic Rock Support have entered a reseller agreement covering Sweden, Denmark and Greenland. Dynamic Rock Support is proud to partner with Atlas Copco and look very much forward to a mutually awarding cooperation with focus on providing the D-Bolt to key Atlas Copco customers.

Dynamic Rock Support is excited to be participating at DEEP MINING 2012, the Sixth International Seminar on Deep and High Stress Mining, to be held in Perth from March 28.-30. 2012.

A paper written by Charlie C. Li (DRS) and Ms. Chantale Doucet has been published on the online version of "Rock Mechanics and Rock Engineering". The paper outlines the dynamic properties of the D-Bolt, and can be found on the following web address:

http://www.springerlink.com/content/56k208q8n5721546/

LKAB is making good progress in their work to establish a new main haulage level, at 1365 meters depth, for the four kilometer long and 80 meters wide iron ore body of the Swedish Kiruna mine. The project KUJ1365 represents the single largest investment (SEK 12.5 billion) in LKAB’s long history.

Dynamic Rock Support is happy to show samples of the D-Bolt at our booth # 2221 at the CIM convention in Montreal, and we will also disclose more information on customer success stories from squeezing rock and rock burst conditions.

Please contact Michael Hill on cell 705 918 5953 to make an appointment, or Gisle Østereng on +47 928 92 551.

Mr. Michael Hill, previously with Mansour Mining, has joined Dynamic Rock Support and is now VP Sales North America. Michael brings to DRS a unique technical sales experience combined with customer care, product training and field management experience. For more information about Michael, please see "About". We welcome Michael to DRS, and believe our clients will appreciate his dedication towards customer satisfaction.

From the start, Dynamic Rock Support has had a high focus on the Australian market, seeing a great potential for our products in helping the Australian mining industry to a safer and more efficient operation. After months of introducing the D-Bolt ground support system to mines across the continent, Hugh Walley, VP and President of DRS’ Australian branch, is very pleased to have received the first major commercial orders this month.

Dynamic Rock Support joins 17 other finalists from a broad range of European universities to compete for top prizes in the 2010 ACES Academic Enterprise Awards, the only pan-European program to recognize entrepreneurship at academic institutions. “We are very honored to join the strong group of ACES nominees and take the nomination as another acknowledgement of CTO Charlie C. Li’s inventions and our work so far”, says Gisle Østereng, CEO of DRS.