Remote Monitored Systems PLC GyroMetric Systems contract with Tarmac Tunstead (6564P)
11 Ottobre 2019 - 1:23PM
UK Regulatory
TIDMRMS
RNS Number : 6564P
Remote Monitored Systems PLC
11 October 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.
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.
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.
END
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