Remote Monitored Systems PLC Pharm 2 Farm Update (9047J)
December 29 2020 - 2:00AM
UK Regulatory
TIDMRMS
RNS Number : 9047J
Remote Monitored Systems PLC
29 December 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.
29 December 2020
Remote Monitored Systems plc ("RMS" or the "Company")
Pharm 2 Farm Update
Remote Monitored Systems plc, announces the following updates in
respect of its wholly owned subsidiary, Pharm 2 Farm Limited
("P2F").
Receipt of new production line
The Company received an update from the machine suppliers on the
afternoon of 24(th) December 2020 indicating a delay in the
delivery of the machine. While the machine was ready for loading as
expected on 24(th) December, the haulier company advised that it
was unable to make the delivery due to the situation at the
English-French border. The earliest the machine is now likely to be
loaded is 4(th) January 2021. Further updates, including in
relation to the expected date for delivery in Nottingham, will be
advised in due course.
Mask Certification update
The test results for the certification of the Company's 4 ply
mask (targeted for everyday use) are now expected to be received in
the first half of January 2021.
The test results for the 5 ply masks (targeted at Healthcare
professionals in high risk environments) are now likely to be
available in early February.
Mask manufacture
The delays in the machine delivery and mask approval testing
noted above mean that expected maximum production volumes of 4 ply
masks in Nottingham are likely to be 0.5m and 1.3m units in January
and February 2021 respectively.
5 ply mask manufacture is not likely to commence until early
February at the earliest with any production of 5 play mask in
Nottingham reducing the 1.3m 4 ply mask production anticipated in
February accordingly.
Once the certifications noted above are granted the Company
anticipates placing an order with Volz for 0.5m masks incorporating
P2F's antiviral material layer.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc
John Richardson (Executive Director) +44 7751 118916
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
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END
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