# Remote Monitored Systems plc Operating Businesses Performing Impressively

- Link: https://www.directorstalkinterviews.com/remote-monitored-systems-plc-operating-businesses-performing-impressively/412763726
- Published: 2019-01-09T07:28:49+00:00
- Author: Giles Arbor

**Remote Monitored Systems plc** ([LON: RMS](https://www.directorstalkinterviews.com/company/remote-monitored-systems-plc/rms.l)),
the AIM quoted survey, inspection and monitoring company, has today provided an 
update on progress in the year ended 31 December 2018.

**Geocurve**

Geocurve Limited, which provides Survey and Inspection services to a range of major
blue-chip companies and government agencies, achieved revenues for the year of £
1,001,120, an increase of 57% compared with 2017 (£638,203) and three times the 
turnover in 2016 (£334,415). The most significant development during the year was
the award of the £1.1m 3D and Virtual Reality survey service for the Environment
Agency’s Thames Estuary Asset Management 2100 (TEAM2100) programme. In addition 
to the successful delivery of the initial phase of this contract, which continues
for a further two years, Geocurve completed a number of contracts for other customers
including Hesselberg Hydro, BAM Nuttall and Aecom. Further growth is expected in
2019. As recently announced, Geocurve and the University of Essex will engage in
ground breaking knowledge exchange, collaboration, contract research and innovation
in the Virtual and Augmented Reality spaces (VR/AR).

Geocurve continues to focus on the acquisition of major corporate customers and 
to pursue its ambition to be the UK market leader in the supply of innovative VR
and Artificial Intelligence surveying services to specialist customers on critical
infrastructure projects.

**GyroMetric**

GyroMetric Systems Limited, in which the Company made an initial 37% investment 
in April 2018 and acquired a 58% controlling interest in August 2018, continued 
to increase sales of its active protection system to protect large marine drives
however these remain modest. During the year Gyrometric completed successful trials
of its Incremental Motion Encoder at the world’s newest and most powerful offshore
wind turbine drive train test facility at the Offshore Renewable Energy Catapult
at Blyth. These trials have led to serious interest from two major turbine manufactures,
one of which has signed a contract to test the IME system on their own equipment
in 2019 and a further trial is scheduled at ORE for the other. In 2019 further material
progress and commercial developments are expected in relation to both these opportunities.

In the marine sector Gyrometric has agreed a test programme with a major manufacturer
of couplings for marine and large industrial applications. In the oil exploration
and production sector Gyrometric is in detailed discussions to deploy its equipment
to monitor critical machinery. A process to strengthen the technical sales team 
is underway to facilitate growth in 2019.

Group cash as at 31 December 2018 was approximately £112k.

> **Trevor Brown, CEO of Remote Monitored Systems plc, commented **
> “Our two operating businesses, Geocurve and Gyrometric, are performing impressively.
> Costs have been eliminated wherever possible so that the Company has been able
> to deploy available resources towards investment in the most promising future 
> projects. Having spent the last year tuning the engine, your board plans to gently
> press the accelerator in 2019 and continue to seek further opportunities to enhance
> shareholder value.”

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