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Remote Monitored Systems' Geocurve subsidiary accepted into EU's KEEP+ funding programme

Trevor Brown, the company's CEO, congratulated Geocurve and the University of Essex for securing this programme and noted the prior success of Gyrometric (its majority held remote monitored system business division) has had in collaborating with the University of Nottingham

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Geocurve believes this VR innovation with University of Essex has the potential to allow Geocurve's clients to substantially reduce both cost and risk

Remote Monitored Systems PLC (LON:RMS), the company that was formerly known as Strat Aero, has been successfully accepted into the EU's KEEP+ funding innovation programme.

The company’s specialist surveying and inspection business, Geocurve, will receive modest financial support from KEEP+ as it works with the University of Essex on “groundbreaking knowledge exchange, collaboration, contract research and innovation in the Virtual and Augmented Reality spaces (VR/AR)”.

READ: Remote Monitored Systems sees “spectacular turnaround” as it completes name change

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, Remote Monitored Systems said.

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 man-made disaster services and in particular in confined spaces, within storage tanks, caissons and underground reservoirs.

In early morning trading, Remote Monitored Systems' shares were 10.7% higher at 0.775p.

 -- Adds share price --

Quick facts: Remote Monitored Systems

Price: 0.475 GBX

LSE:RMS
Market: LSE
Market Cap: £2.35 m
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