RMS.L Regulatory News (RMS)

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

29 July 2020

Remote Monitored Systems plc ("Remote Monitored Systems", "RMS" or the "Company")

Cloudveil forms Strategic Partnership with Axis Security

Remote Monitored Systems plc, Cloudveil Limited's parent company, is pleased to announce the foundation of a strategic partnership between Security and Risk Management Consultancy, Cloudveil, and Axis Security Services Limited ("Axis"), one of the UK's leading providers of Integrated Security Solutions.

The partnership will be launched with the delivery of a range of specialist consultancy services at one of Axis's most prestigious accounts. Cloudveil will provide its Management Information Platform, IRIS, at the City of London headquarters of a well renowned professional services firm. Main platform functions will be incident and crisis management, contract audit and reporting and performance measurement. Cloudveil will also provide Technical Surveillance Counter Measures and Close Protection services to the account.

Hugo Gillum-Webb, MD of Cloudveil said: "For a young company like Cloudveil, this is an extremely significant moment. Axis's organic growth rate is unmatched in the integrated security sector and their success and reputation, particularly in London is well deserved. We are delighted to be working with such a great company."

Trevor Brown, Executive Director of the Company said: "Cloudveil was an important acquisition for RMS and we anticipate this exciting business win for Cloudveil's management information platform, "IRIS" will prove to be one of many over the coming months."

 ENQUIRIES:

Remote Monitored Systems plc

Trevor Brown (Executive Director) +41 7941 55384

Paul Ryan (Non-Executive Chairman) +32 475 754 148

SP Angel Corporate Finance LLP +44 20 3470 0470

Nominated Adviser and joint broker

Stuart Gledhill

Caroline Rowe

Peterhouse Capital Limited +44 20 7469 0930

Joint broker 

Lucy Williams

Duncan Vasey