11 Oct 2019 12:23
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.
11 October 2019
Remote Monitored Systems plc
("Remote Monitored Systems", the "Company" or the "Group")
GyroMetric Systems contract with Tarmac Tunstead
Remote Monitored Systems plc ("RMS" or the "Company") is pleased to announce that GyroMetric Systems Ltd ("GyroMetric"), in which RMS has a 58% shareholding, has signed an agreement to install digital monitoring equipment on a critical drive at Tarmac Limited's ("Tarmac") Tunstead Cement Plant.
In the age of the internet of things, digital information has provided a route to greater efficiency in many fields. Cement plants have large electrical drives which are critical to the functioning of the process as a whole.
Tarmac, which is a major sustainable manufacturer of cement, and GyroMetric, which is a leader in data harvesting from rotating drives, have signed an agreement to purchase and install digital monitoring equipment on the drive to the Raw Mill at the Tunstead Cement Plant. The 11kV drive is to the rock crushing mill which converts limestone from the on-site quarry into powder. Failure of this primary piece of plant stops the entire process, causing very expensive down time. Information which can indicate problems early enough to plan maintenance, and intervene before major damage is done, is therefore extremely valuable.
Measured digital parameters will include dynamic torque across the coupling, radial displacement of the shaft (and therefore misalignment), and torsional vibrations of the drive system. The data will also provide information on the condition of the gearbox.
This initiative by Tarmac should improve the utilisation of this huge installation of capital equipment.
Tarmac Tunstead - www.tarmac.com
Gyrometric Systems - www.gyrometric.systems
ENQUIRIES:
Remote Monitored Systems plc | |
Trevor Brown (Executive Director) | +41 7941 55384 |
Nigel Burton (Non-Executive Chairman) | +44 7785 234447 |
SP Angel Corporate Finance LLP | |
Nominated Adviser and Joint Broker | +44 20 3470 0470 |
Stuart Gledhill | |
Jeff Keating | |
Caroline Rowe | |
Peterhouse Capital Limited | |
Joint Broker | +44 20 20 7469 0930 |
Lucy Williams | |
Duncan Vasey |
About GyroMetric
Gyrometric Systems Limited www.gyrometric.systems develops and manufactures digital monitoring and safeguarding systems for rotating shafts. The GyroMetric technology uses proprietary algorithms, software and AI techniques to analyse remotely critical drive shaft performance so as to diagnose and predict drive system maintenance requirements before catastrophic damage occurs. The company's technology is proven, operating reliably in harsh environments over many years. Remote Monitored Systems plc has a 58% shareholding in GyroMetric.