Remote Monitored Systems PLC Gyrometric Development (2029Z)
16 Settembre 2020 - 1:57PM
UK Regulatory
TIDMRMS
RNS Number : 2029Z
Remote Monitored Systems PLC
16 September 2020
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
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END
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