16 Sep 2020 12:57
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.
16 September 2020
Remote Monitored Systems plc ("Remote Monitored Systems", the "Company" or the "Group")
Gyrometric Development
Gyrometric Systems has successfully demonstrated proof of concept for a new single sensor torsional vibration monitor ("TVM").
TVM is a digital, portable contactless device. Being digital we believe, this device is more accurate than anything else currently available and because it is contactless it can be used without removing a mesh safety guard making it easier to use.
John Richardson, Gyrometric CEO said "TVM is an important new application of the Gyrometric technology, demonstrating the capability to detect torsional vibrations quickly from an easy to use portable device. Torsional vibrations can indicate changes within a drive train which could lead to expensive down-time or catastrophic failure. We will now commence the search for a commercial manufacturing partner capable of world-wide marketing and sales"
- ENDS -
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.
ENQUIRIES:
Remote Monitored Systems plc
Trevor Brown (Executive Director) +41 7941 55384
Paul Ryan (Non-Executive Chairman) +44 7785 234447
SP Angel Corporate Finance LLP +44 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Caroline Rowe
Peterhouse Corporate Finance +44 20 7469 0930
Joint Broker
Lucy Williams
Fungai Ndoro