RE: Start of the game16 Dec 2020 13:25
11 December 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Pharm 2 Farm Update
Remote Monitored Systems plc, announces the following updates in respect of its wholly owned subsidiary, Pharm 2 Farm Limited ("P2F").
New viricidal mask Production Line
The Company has received an update from Lemu Group ("Lemu"), the manufacturer of the mask making machine, in respect of the timing for testing and delivering of the new production line.
Factory Acceptance Testing of the machine is due to take place later today, alongside this testing there will also be a batch of masks produced for certification purposes. The mask is being certified to the EN14683 standard.
Following testing, Lemu has indicated that it now intends to carry out work on certain components (principally final finishing and hardening) such that delivery of the machine to P2F's premises in Nottingham, is not now expected until 28th December 2020 at the earliest.
The consequences of this delay, in combination with the holiday period, are that RMS has had to review the P2F commissioning and production schedule in January and February next year with the Company anticipating that a maximum of 1m anti-viral masks will be produced at Nottingham in January and 2m in February 2021.