(Alliance News) - Data analytics firm Remote Monitored Systems PLC said Monday said a major investee secured a deal to install digital monitoring equipment for a pilot project by power generation equipment firm Clarke Energy Ltd.
GyroMetric Systems Ltd - in which RMS holds a 58% stake - will provide digital shaft monitoring to the generating equipment of Clarke Energy.
"The objective is to evaluate the potential to realise value by utilising a predictive maintenance strategy utilising real time data harvested by the GyroMetric system, rather than a time based planned maintenance system," RMS said in a statement.
"There is potential for savings in maintenance and down time costs from such an approach," RMS added. "This would support Clarke Energy's continual improvement programme to deliver increased value and machinery availability and reliability to its customers. In particular the use of GyroMetric's rapid intervention system which shuts down equipment automatically when serious faults are detected is thought to be particularly useful."
Shares in RMS were 4.4% lower at 0.55 pence in London on Monday.
By Ahren Lester; ahrenlester@alliancenews.com
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