leadf
logo-loader
viewRemote Monitored Systems PLC

Remote Monitored Systems updates on mask production, appoints executive director

The firm said a mask manufacturing machine arrived as expected and has been installed in a clean room in Nottingham’s BioCity, with work to begin this week to commission the device and commence production

Remote Monitored Systems plc - Remote Monitored Systems updates on mask production, appoints executive director

Remote Monitored Systems plc (LON:RMS) has issued an update on the production of an antiviral face mask by its subsidiary Pharm2Farm as well as announcing the appointment of a new executive director.

The AIM-listed firm said a mask manufacturing machine arrived as expected and has been installed in a cleanroom in Nottingham’s BioCity, with work to begin this week to commission the device and commence production.

READ: Remote Monitored Systems appoints two new non-executive directors, with one named company's new chairman

Remote Monitored Systems said the last element prior to full-scale production of its 4-ply mask is its certification to EN14683 standard, for which the product has now passed four of five tests.

The final test is biocompatibility, which evaluates the reaction to human skin including cytotoxicity, irritation and sensitisation to the mask. The company said the test has been delayed and is now expected to be completed in the next week.

Assuming the commissioning proceeds as expected, Remote Monitored Systems said it is working towards producing between 0.3mln and 0.5mln masks by the end of January before scaling up production to commercial levels in February and March. 

The company added that discussions are also continuing with Volz Group, which needs to conclude its own certification process, for it to manufacture both a surgical mask and FFP2 masks, although production is not expected to commence much before the end of the first quarter.

Remote Monitored Systems also said that while the move to production is “a positive step”, the success of the operation will be demonstrated by securing sales orders, and that while interest remains strong it has yet to receive firm orders with certification of the mask an “important step” for potential customers.

Meanwhile, the company said it has appointed Alex Vergopoulos as an executive director with an initial responsibility to oversee the production and sales of the viricidal surgical masks.

The firm's shares were 9.4% lower at 2.7p in late-morning trading on Monday.

--Adds share price--

Quick facts: Remote Monitored Systems PLC

Price: 2.2 GBX

LSE:RMS
Market: LSE
Market Cap: £45.61 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Remote Monitored Systems PLC named herein, including the promotion by the Company of Remote Monitored Systems PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Market Report: Brexit woes and UK supermarkets' pay back government support

FTSE 100 struggled early on Brexit worries even though supermarkets paid back more cash to chancellor Rishi Sunak. London’s leading index added 10 points to 6,473 in early trading. Morrisons (LON:MRW) and Sainsbury’s (LON:SBRY) have followed trend-setter Tesco PLC (LON:TSCO) in vowing to...

on 3/12/20

2 min read