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REM - RemSense Technologies

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RemSense Technologies is a company that has been operating since 2012 (originally trading as Altitude Imaging).

In 2018, the Company expanded to providing engineering solutions built upon its core technical knowledge in remote sensing and imaging both in the air and on the ground. In the same year the Company rebranded as "RemSense" to better reflect the broader activities and technology focus of the business.

RemSense operates as three business units:

(a) Engineering and Innovation – provision of engineering services to solve unique problems or develop new technology for clients to improve productivity, reduce risks and lower costs.

(b) Data Capture and Insights – provision of data, analytics and related solutions derived from both aerial and terrestrial based scanning and imaging platforms to reduce costs, improve productivity and make better informed decisions.

(c) Virtual Plant – a productive and scalable photographic fabric environment that enables visual information from remote or distributed assets to be securely available to all users using existing hardware (desktop or mobile).

The Company currently generates revenue through the provision of services within its engineering and innovation, and data capture and insights business units.

In addition, the Company is now positioned to commence additional revenue generation f rom the further development and release of its Virtual Plant product.

Currently Virtual Plant has one customer and thus represents a very small share of the Company's existing revenues. The Company’s plan is for Virtual Plant to be a significant driver for new business and growth over the next few years.

It is anticipated that REM will list on the ASX during October 2021.

 
Listing date12 October 2021 2:00 PM ##
Company contact details Ph: +61 8 6118 5610
Principal ActivitiesCommercialisation of Virtual Plant and technology and engineering services
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeREM
Capital to be Raised$5,000,000
Expected offer close date 01 October 2021
UnderwriterNot underwritten. Mac Equity Partners (Internat.) Pty Ltd (Lead Manager)
 
REM listed today and rewards investors with a nice stag profit (Shiny Happy People)

Opened at 45c, has hit 55c and now trading around 50c
 
i was very impressed with their personnel....this mob appears fair dinkum...time will tell....12 to 18 mths they reckon
 
starting to pick up
long time between drinks ...

Since listing, it's been downhill
Screenshot_20240709-094544_CommSec.jpg

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though there have been a few spikes recently.
Screenshot_20240709-094717_CommSec.jpg

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the update a month ago cleared the air somewhat

4 June 2024
REMSENSE EMBARKS ON STRATEGIC BOARD AND ORGANISATIONAL REFRESH TO ACCELERATE GROWTH

Highlights

Experienced and successful business builders and RemSense founders, Richard Pace and John Clegg join the board as Non-Executive Directors.
• Ross Taylor, an existing Non-Executive Director with a proven track record in building small-cap companies and extensive global experience, has been appointed as Non-Executive Chair to lead the board.
• Our client engagement and sales function has undergone a comprehensive restructuring and enhancement, with a focus on highlighting the key value drivers of virtualplant.
• Through strategic cost-cutting measures and streamlining initiatives, we have achieved operating cost savings of approximately $1 million over prior years.
• In a show of confidence and commitment, Richard and John have collectively invested $300,000 into the company. This, in conjunction with the funds raised from the recent rights issue and the partial placement of the shortfall, has brought our total capital raised to $883,526.
• With these significant changes, the board and management team are highly confident in the company's growth prospects moving forward
.

...and contracts were announced, soon after
Screenshot_20240709-095213_Drive.jpg
 
they said 12 to 18 months this would move....now been 13 months since that statement from ex ceo.....i think the moving has begun.....exciting times ahead for very low cap business
 
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