Strat Aero PLC (LON:AERO) has announced that strong new business prospects at Geocurve Limited and Gyrometric Systems Limited allow the board to look forward to the future with optimism.
The AIM-listed firm said its principal subsidiary Geocurve is making excellent progress towards delivering the first phase of the multi-sensor surveying and data delivery programme.
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As part of the Environment Agency's Thames Estuary Asset Management 2100 programme, it combines innovative technology-based surveying with 3D mapping and Virtual Reality (VR) data representation.
In a statement to be delivered at today's annual general meeting Nigel Burton, the chairman of Strat Aero said Gyrometric Systems Limited has recently completed a very successful trial at the ORE (Offshore Renewable Energy) Catapult centre.
The trial was completed using its monitoring technology to collect data which can be used to improve operating efficiency, reduce maintenance and increase output of wind turbines.
The commercial application of this technology to existing and new wind turbines is now the main focus of this business.