Connec Investment Opportunity
Wholesale Only* – Confidential not to be shared
An Australian technology business working with some of the world’s largest mining companies to help drive two industry megatrends – electrification and big data.
Becoming a key part of the mining tech stack
Connec is working with some of the world’s largest mining companies to help an entire industry unlock electrification and big data.
The company believes its solution can disrupt the $4.4+ billion market for underground coupler systems – the devices connecting industrial cables and machinery – which has hardly seen any innovation for 40 years.
Connec’s technology is cheaper, lighter, safer but importantly it can also unlock big data and artificial intelligence for mining companies. This enables operators to replace people at the coalface with cameras or sensors, improve productivity and safety and access future technologies like autonomous mining.
As the $1 trillion mining industry transitions to electrified and online infrastructure, Connec is becoming a must-have part of the tech stack required for this shift – which now puts them at an inflection point in their initial $4.4+ billion target market.
Connec moved from R&D to commercialisation in 2023, and has grown its pipeline to $250 million in the past 12 months. The company has signed with the likes of Glencore, AngloAmerican and Stanmore and is in advanced talks with several majors including Fortescue, RIO and BHP.
Hear more about the company
Connec Investor Briefing
Q&A with COO - Rod Stewart
Investment Highlights
- Enabling two megatrends in the $1 trillion mining industry – electrification and big data.
- Focused on the high voltage coupler system (HVCS) market which has not seen notable innovation in decades.
- $4.4 + billion initial target market.
- Deep moat with 10 years of development and patent portfolio.
- Signed contracts with some of the largest mining companies in the world.
- Management sees major catalysts making the product a must-have part of the mining ‘tech stack’.
- Executing on a $250m+ pipeline.
- High level terms:
- $103.15 million pre-money market cap
- Investment via Reach trust
- Up to $3 million allocation exclusive to Reach
- Use of funds: working capital, recruitment, additional patent filings and the cost of the offer.
Request offer docs
Wholesale Only*
By clicking submit, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Markets Pty Ltd provide Corporate Advisory Services to Connec Ltd and will receive fees for its role in managing this offer based on the uptake by investors.
*Wholesale 708 Sophisticated Investors are individuals or entities who generally qualify under Sections 708(8) and s761G(7) of the Corporations Act based on the gross income and/or net assets test verified by a qualified accountant.
- A gross income of $250,000 or more per annum in each of the previous two financial years; or
- Net assets of at least $2.5 million; and
- A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status. Please refer to the Corporations Act: Specifically Section 708(08) and Section s761G(7)
Any advice provided by Reach Markets, including on its website and by its representatives, is general advice only and does not consider your personal objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. You need to also read any relevant offer documents to understand the features, risks and returns associated with the investment to make your own informed decision.
Please click here to read our full general advice warning.
If you are thinking about acquiring a financial product, you should consider our Reach Markets Financial Services Guide (FSG) including the Privacy Statement.
Past performance is not a reliable indicator of future performance.