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TIDMRMS

Remote Monitored Systems PLC

14 October 2019

14 October 2019

Remote Monitored Systems plc

("Remote Monitored Systems", the "Company" or the "Group")

GyroMetric Systems co-operation with Clarke Energy

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 reached an agreement to install digital monitoring equipment on a pilot project by Clarke Energy Limited ("Clarke Energy"), a leading supplier of power generation equipment in the UK.

Clarke Energy has decided to co-operate with GyroMetric to trial digital shaft monitoring to its generating equipment. The monitoring will employ GyroMetric's unique digital monitoring of the bearings in the generator sets, and monitoring of shaft alignment.

The objective is to evaluate the potential to realise value by utilising a predictive maintenance strategy utilising real time data harvested by the GyroMetric system, rather than a time based planned maintenance system. There is potential for savings in maintenance and down time costs from such an approach. This would support Clarke Energy's continual improvement programme to deliver increased value and machinery availability and reliability to its customers. In particular the use of GyroMetric's rapid intervention system which shuts down equipment automatically when serious faults are detected is thought to be particularly useful.

The co-operation will begin with a pilot project, where a single generating set will be comprehensively instrumented with GyroMetric's Monitoring Systems with digital information flowing into the internet as the equipment is run.

Analysis of the data harvested, and experience gained during the installation, may point the way to spreading the technology around Clarke Generating sets installed around the UK.

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.

About Clarke Energy

Clarke Energy https://www.clarke-energy.com/uk/ is a leading supplier of power generation equipment in the UK to sectors which include:

   --             Natural gas-fuelled combined heat and power (CHP) facilities 
   --             Biogas-fuelled combined heat and power facilities 
   --             Closed coal mine sourced gas power generation 

Most of this generation equipment is on remote sites.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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October 14, 2019 02:00 ET (06:00 GMT)

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