José Ramón Abatte, Codelco's Technology and Digitalization Manager; Felipe Lagno, Codelco's Corporate Innovation and Technology Manager; Sofía Karlberg, Swedish Ambassador to Chile; Dave Goddard, President of Hexagon's Mining Division; Norma Vargas, General Manager for Chile and Argentina of Hexagon's Mining Division; and Rodrigo Couto, LATAM President of Hexagon's Mining Division.

Santiago, December 17, 2025.– Codelco and Hexagon signed a Memorandum of Understanding (MoU) that establishes the basis for a strategic collaboration aimed at exploring, developing, validating and implementing advanced technological solutions in the Corporation's various operations.

This agreement lays the foundation for developing future specific agreements and formalizing projects aimed at strengthening operational safety, deepening the automation and digitization of production processes, and promoting environmental analysis and monitoring tools that contribute to increasingly sustainable management.

The MoU establishes a framework for conducting pilot programs and testing of products under development or not yet commercialized, as well as for adapting Hexagon's technologies to Codelco's specific operational challenges. Hexagon is a global leader in measurement technologies, pushing the boundaries of operational innovation and data analytics to help its customers optimize resources and move materials safely.

These initiatives include, among others, fatigue and distraction alert systems, collision prevention and pedestrian protection technologies, sensors and visualization platforms for real-time environmental monitoring, artificial intelligence applied to safety and processes, autonomous and fleet management solutions for trucks, advanced tools for assisted drilling, and geospatial analysis capabilities that allow for environmental impact assessment and support for responsible decisions.

“This alliance is part of our drive towards digitalization, with the goal of moving towards safer, more efficient, and more sustainable mining, while also strengthening our ties with world-class technology players. We are paving the way for the mining of the future through collaboration, to fulfill our purpose of being a pillar of sustainable development in Chile and the world,” stated Felipe Lagno, Corporate Manager of Innovation and Technology at Codelco.

“We are proud to join Codelco in an alliance that places safety, operational excellence, and environmental responsibility at the forefront,” said Dave Goddard, President of Hexagon’s Mining division. “This MoU formalizes our relationship and establishes the foundation for working together, testing and optimizing technologies under real-world conditions to ensure they deliver tangible value to miners and communities. Together, we can demonstrate how collaboration and digital innovation can drive positive transformation in the mining industry.”

The MoU will have an initial term of five years and will be governed by the principles agreed by both parties, including confidentiality, responsible use of technical information and a common framework for project development.

About Codelco

Codelco is the world's largest copper producer, specializing in the exploration, development, and extraction of mineral resources. It processes these resources to produce refined copper and byproducts, which it then sells to customers worldwide.

Since its nationalization in 1971, Codelco has contributed a total of US$158 billion to the State of Chile (adjusted to 2024 values).

The company operates seven main mining divisions in Chile: Chuquicamata, Ministro Hales, Radomiro Tomic, Gabriela Mistral, Salvador, Andina, and El Teniente, in addition to the Ventanas Refinery. Codelco also maintains commercial offices in the United Kingdom, the United States, China, and Singapore.

About Hexagon

Hexagon is the world leader in measurement technologies. We provide the confidence that vital industries rely on to build, navigate, and innovate. From microns to Mars, our solutions ensure productivity, quality, and sustainability across everything from manufacturing and construction to mining and autonomous systems. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately €5.4 billion.

For more information, visit hexagon.com