Proactive Investors - Run By Investors For Investors

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
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 --

View full RMS profile View Profile

Remote Monitored Systems Timeline

Related Articles

Investment papers and laptop
May 07 2019
The investment firm focuses on providing consultancy services to universities and other research organisations to help them commercialise any intellectual property arising from their research
March 29 2019
RMS is taking action to address the issues at Geocurve and looks forward to “renewed growth in sales to new clients” while it remains "excited by the opportunities at GyroMetric"
March 26 2019
“The company continues to make strong commercial progress in its core aviation and energy operating divisions and is trading in line with management expectations," Stobart said.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use