Remote Monitored Systems PLC EU KEEP+ programme award (1714M)
January 04 2019 - 2:00AM
UK Regulatory
TIDMRMS
RNS Number : 1714M
Remote Monitored Systems PLC
04 January 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.
4 January 2019
Remote Monitored Systems plc ("Remote Monitored Systems", the
"Company" or the "Group")
EU KEEP+ programme award
Remote Monitored Systems plc is pleased to announce that its
wholly owned subsidiary, Geocurve, a specialist surveying and
inspection business, has been successfully accepted into the EU's
KEEP+ programme. In addition to modest financial support, Geocurve
and the University of Essex will engage in ground breaking
knowledge exchange, collaboration, contract research and innovation
in the Virtual and Augmented Reality spaces (VR/AR). Geocurve
through this initiative expects to be able to develop and introduce
significant new high value products and services for both its
current and future target clients.
Geocurve expects that this VR innovation with University of
Essex has the potential to allow Geocurve's current and/or future
clients to substantially reduce both cost and risk. Geocurve
expects that by combining its specialist surveying, data
processing, software development and problem solving with
University of Essex's VR/AR specialist skills and innovation,
Geocurve will be able to expand its commercial services into
hazardous environments like nuclear, construction, natural or
manmade disaster services and in particular in confined spaces,
within storage tanks, caissons and underground reservoirs. The UK
government (in a 2013 report by UK's nuclear decommissioning
authority) predicted costs of GBP100bn+ to decommission the UK's
existing nuclear sites. Through this programme Geocurve has the
opportunity to develop unique, specialised services and potentially
IP to offer to facilitate such decommissioning.
Trevor Brown, CEO of Remote Monitored Systems plc, congratulated
Geocurve and University of Essex for securing this programme and
its potential and he noted the prior success of Gyrometric (its
majority held remote monitored system business division) has had in
collaborating with the University of Nottingham. We are excited by
this development and look forward to providing further updates in
due course as the programme develops.
Remote Monitored Systems expects to provide the market with a
trading update in respect of the year to 31 December 2018 next
week.
Further information on Geocurve and KEEP+ can be found at
www.geocurve.co.uk
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 +44 20 3470 0470
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Corporate Finance +44 20 7469 0930
Lucy Williams
Fungai Ndoro
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END
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