Modern Slavery Statement

1. Introduction

This Modern Slavery Statement is made by Altra Technologies Pty Ltd (ABN 48 676 691 035) ("Altra") pursuant to the Modern Slavery Act 2018 (Cth). This statement outlines the steps Altra has taken to assess and address modern slavery risks in our operations and supply chains during the reporting period.

Altra is committed to conducting business ethically and with integrity, and we do not tolerate modern slavery in any form within our operations or supply chains.

2. Our Structure and Operations

2.1 Company Structure

Altra Technologies Pty Ltd is an Australian proprietary company that develops and operates the SensorMine IoT platform. We provide SaaS-based IoT solutions for industrial monitoring, data analytics, and AI-driven insights across various industries including rail, agriculture, transport, and mining.

2.2 Operations

Our operations include:

• Software development and platform maintenance
• IoT hardware procurement and deployment
• Customer support and professional services
• Data processing and analytics services
• Research and development activities

3. Our Supply Chains

Altra's supply chains primarily consist of:

• Technology Suppliers: Cloud infrastructure providers, software licensing, and development tools
• Hardware Suppliers: IoT sensors, communication devices, and related hardware components
• Professional Services: Consulting, legal, accounting, and other business services
• Office Suppliers: Office equipment, facilities management, and general business supplies

Our suppliers are primarily located in Australia, with some international technology and hardware suppliers in North America, Europe, and Asia.

4. Modern Slavery Risks

4.1 Risk Assessment

We have conducted an assessment of modern slavery risks in our operations and supply chains. The key risk areas identified include:

• Hardware Manufacturing: Potential risks in the manufacturing of IoT devices and sensors, particularly in regions with known labor issues
• Technology Supply Chain: Risks associated with complex global technology supply chains
• Subcontracting: Potential risks where suppliers use subcontractors or third-party labor

4.2 Risk Mitigation

Based on our assessment, we consider our overall modern slavery risk to be low due to:

• Our primary operations being software-based with a skilled workforce
• Working predominantly with established, reputable suppliers
• Operating primarily in Australia with strong labor protections
• Limited direct involvement in high-risk industries or regions

5. Actions Taken

During the reporting period, Altra has taken the following actions to address modern slavery risks:

5.1 Policies and Procedures

• Developed and implemented a Modern Slavery Policy
• Updated our Supplier Code of Conduct to include modern slavery provisions
• Incorporated modern slavery considerations into our procurement processes

5.2 Supplier Engagement

• Conducted due diligence on key suppliers regarding their modern slavery policies
• Included modern slavery clauses in new supplier agreements
• Engaged with suppliers to understand their supply chain practices

5.3 Training and Awareness

• Provided modern slavery awareness training to relevant staff
• Established reporting mechanisms for potential modern slavery concerns
• Integrated modern slavery considerations into our risk management framework

6. Effectiveness Assessment

We assess the effectiveness of our actions through:

• Regular review of supplier compliance with our requirements
• Monitoring of industry best practices and regulatory developments
• Internal audits of our procurement and supplier management processes
• Feedback from suppliers and stakeholders

During the reporting period, we did not identify any instances of modern slavery in our operations or supply chains.

7. Future Commitments

For the next reporting period, Altra commits to:

• Continue monitoring and assessing modern slavery risks
• Enhance supplier due diligence processes
• Provide ongoing training to staff on modern slavery issues
• Collaborate with industry partners to address supply chain risks
• Regularly review and update our policies and procedures

8. Consultation and Approval

This statement has been prepared in consultation with relevant stakeholders and has been approved by the board of directors of Altra Technologies Pty Ltd.

This statement is made pursuant to section 14 of the Modern Slavery Act 2018 (Cth) and constitutes Altra's modern slavery statement for the reporting period ending 31 December 2024.

9. Contact Information

For questions about this Modern Slavery Statement or to report concerns, please contact: