Latest rns.1 Apr 2021 09:43
RNS Number : 1015R
Remote Monitored Systems PLC
04 March 2021
4 March 2021
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Remote Monitored Systems plc
("RMS" or the "Company")
Update on Pharm to Farm Ltd ("P2F")
The Company is pleased to report the significant progress achieved since the announcement on 18 February.
· Order for 1.0 million of P2F's masks placed with Volz with outsourcing manufacturing discussions in progress
· Distribution agreement to make masks available in UK & Europe via Amazon
· Launch of web site for the P2F mask
· Independent adviser and line manager appointed to bring mask machine into full operation
Further to previous announcements in relation to discussions the Company has held with the Volz Group of Companies ("Volz"), an initial order has been placed for one million of P2F's masks, incorporating P2F's proprietary antiviral material (a-virion), and discussions are under way to extend this into a production outsourcing arrangement to increase the supply of the anti-viral masks. Not only should this approach enable the expected demand for the mask to be met but it will also allow P2F to focus on its core strengths of developing and producing nanomaterials and associated innovative products.
Whilst interest in the masks has been strong, it was important to ensure that potential supply issues had been resolved before committing to deliveries. On the back of the discussions with Volz, P2F has entered into a distribution agreement with Francis McIntyre Limited, an online garment retailer with the brand FM London, ("Francis McIntyre") to make P2F's masks available to customers across the UK and Europe via the Amazon E-commerce platform ("Amazon"). Under the terms of the agreement, Francis McIntyre has placed an initial order
Just popped over. Why are we at this sp. any ideas.