1 Feb 2021 07:00
1 February 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")
Commissioning delayed
Remoted Monitored Systems Plc reports that two of the engineers from the Lemu Group ("Lemu"), the manufacturers of the mask manufacturing machine, who are currently working on commissioning the Company's new machine, have tested positive for COVID-19 and are now self-isolating for 10 days. The engineers had not shown any symptoms and had taken the tests as part of the international travel protocols that require airline passengers to have a negative test 72 hours before flying. With commissioning due to have been completed over the weekend, the engineers took their tests on Friday morning, with the positive results received on Saturday morning.
Pharm 2 Farm Ltd ("P2F") have reported the positive tests to BioCity and to Public Health England ("PHE"). Three members of the P2F team have been recorded as close contacts of the Lemu engineers in accordance with PHE Guidelines and will need to self-isolate for 10 days. All the other staff at P2F have undertaken PCR swab tests, with all the tests coming back negative. They can continue working once the unit has been deep cleaned. However, without the Lemu engineers to assist in the completion of the commissioning of the machine, this will now be delayed until after their 10-day quarantine period has ended and they are fit to work.
Antony Legge, Chairman of RMS, said: "It is frustratingly ironic to be so close to the production of an anti-viral mask and to be delayed due to these two positive cases. The lack of symptoms with the two engineers who tested positive shows the importance of following PHE guidelines and serves to further illustrate the market opportunity for our anti-viral masks. Our focus on the health and safety of employees and all visitors to our sites remains our priority and continues to be delivered through well-considered measures."
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ENQUIRIES:
Remote Monitored Systems plc
Antony Legge (Chairman) via IFC Advisory
Alex Vergopoulos (Executive Director)
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
IFC Advisory Ltd +44 20 3934 6630
Graham Herring
Zach Cohen