Ava Risk Group Limited has announced the signing of a development and commercialisation agreement with Mining3 which will see the launch of an innovative new performance management solution aiming to revolutionise the condition monitoring of conveyors. The agreement will strengthen the recently announced strategic alliance between Future Fibre Technologies (FFT), an Ava Group division, and Mining3, the leading global mining research and innovation company. Conveyor maintenance is a significant daily problem for the mining, cement, pulp and paper and agriculture sectors. Conventional methods of advanced detection of failure in conveyors are unreliable, time-consuming and labour intensive. Under the 3 year agreement, FFT will use its Aura Ai-2 advanced fibre optic sensing platform combined with Mining3's signal processing algorithms to bring to market a new FFT product that provides the world's most advanced predictive conveyor condition monitoring system for the global mining industry. Importantly, the product will provide wear detection to pre-empt roller failure using FFT's ultra-reliable fibre optic solutions. FFT will invest up to $250,000 to develop and market the new jointly created product, and will have worldwide rights to the commercialisation of the technology.