Remote Monitored Systems PLC Geocurve Joint Venture (4425H)
01 Agosto 2019 - 8:00AM
UK Regulatory
TIDMRMS
RNS Number : 4425H
Remote Monitored Systems PLC
01 August 2019
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.
1 August 2019
Remote Monitored Systems plc
("Remote Monitored Systems", the "Company" or the "Group")
Geocurve Joint Venture
Remote Monitored Systems plc, the AIM quoted survey, inspection
and monitoring company, is pleased to announce that its wholly
owned subsidiary Geocurve Limited ("Geocurve"), which provides
Survey and Inspection services to a range of major blue-chip
companies and government agencies, has agreed to enter into a
contractual Joint Venture, ("JV") for mobile mapping with Landscope
Engineering Limited ("Landscope").
Landscope, an established survey and data management company,
has a strong presence in the UK and Irish markets and a reputation
built on quality. www.land-scope.com
Through the contractual JV the parties will pool certain
specified assets and contribute joint resources including customer
pipelines, create a single common brand and jointly market, procure
and deliver commercial services to an expanded client base.
Landscope and Geocurve will also share their knowhow, skills and
experience in all aspects of surveying. Both Landscope and Geocurve
believe that working collaboratively will enable them to provide
exceptional quality survey data above land, on land, underground
and in water and provide both companies with the readily available
resources that they need, to deliver a complete survey package,
with unrivalled customer service. The aim of the JV is to combine
knowledge and create a centre of excellence in mobile mapping,
ultimately becoming a market leader in the acquisition and analysis
of mobile mapping data.
Laura Grice, Director of Geocurve, said "The JV agreement with
Landscope gives Geocurve the opportunity to ensure that the Pegasus
Two:Ultimate mobile mapping equipment is utilised to its full
capacity and at maximum value. The higher value mobile mapping
projects are part of a full suite of services which, alongside
Landscope Engineering, can be provided at the highest
standards."
Martin Berry, Director of Landscope, said "Mobile mapping is
fast becoming a foundation stone for the geomatics business. When
augmented with mobile geophysical, hydrographic and inspection
solutions the JV will be well placed to unlock many new
opportunities."
ENQUIRIES:
Remote Monitored Systems plc
Trevor Brown (Executive Director) +41 7941 55384
Nigel Burton (Non-Executive Chairman) +44 7785 234447
www.remotemonitoredsystems.com
SP Angel Corporate Finance LLP +44 20 3470 0470
Nomad and Joint Broker
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Corporate Finance +44 20 7469 0930
Joint Broker
Lucy Williams
Fungai Ndoro
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END
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