Remote Monitored Systems PLC GyroMetric Systems ADSA launch (9387Q)

TIDMRMS

RNS Number : 9387Q

Remote Monitored Systems PLC

24 October 2019

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

24 October 2019

Remote Monitored Systems plc

("Remote Monitored Systems", the "Company" or the "Group")

GyroMetric Systems Absolute Dynamic Shaft Alignment launch

Remote Monitored Systems plc ("RMS" or the "Company") is pleased to announce that GyroMetric Systems Ltd ("GyroMetric"), in which RMS has a 58% shareholding, has developed and launched its Absolute Dynamic Shaft Alignment ("ADSA") system.

GyroMetric has developed the world's first system capable of performing initial absolute alignment as well as continuous dynamic (ie whilst operating) monitoring of relative alignment of rotating machinery.

GyroMetric's ADSA system is a significant breakthrough, which enables any builder or owner of large rotating equipment to install GyroMetric's equipment, use it to align the shafts initially, and then leave it in place to monitor conditions during the life of the asset, and when misalignment occurs, use it to measure and correct the shaft alignment absolutely.

Trevor Brown, Executive Director of RMS, said "GyroMetric's new ADSA system has the potential to transform the alignment and monitoring of rotating machinery, resulting in significant reductions in operating costs and improved failure prevention in many industrial applications. This is an exciting development, building on the success of GyroMetric's existing Incremental Motion Encoder technology."

ENQUIRIES:

 
 Remote Monitored Systems plc 
 Trevor Brown (Executive Director)        [phone] 
 Nigel Burton (Non-Executive Chairman)    [phone] 
 
 SP Angel Corporate Finance LLP 
 Nominated Adviser and Joint Broker        [phone] 
 Stuart Gledhill 
 Jeff Keating 
 Caroline Rowe 
 
 Peterhouse Capital Limited 
 Joint Broker                             [phone] 
 Lucy Williams 
 Duncan Vasey 
 

About GyroMetric

Gyrometric Systems Limited www.gyrometric.systems develops and manufactures digital monitoring and safeguarding systems for rotating shafts. The GyroMetric technology uses proprietary algorithms, software and AI techniques to analyse remotely critical drive shaft performance so as to diagnose and predict drive system maintenance requirements before catastrophic damage occurs. The company's technology is proven, operating reliably in harsh environments over many years. Remote Monitored Systems plc has a 58% shareholding in GyroMetric.

Absolute and Dynamic Alignment

Most industrial machines are driven by a prime mover (typically an electric motor or an internal combustion engine), which transmits its power via a coupling to the working machine. The coupling is designed to accommodate minor misalignment, and to reduce vibration, however misalignment beyond the design limits of the coupling will cause premature failure. Misalignment wastes energy and causes up to 50% of breakdowns.

There are two distinct approaches to measuring shaft alignment, absolute and relative.

All existing approaches to measuring absolute alignment, usually carried out when a machine is first built, require that the machine is stationary to carry out the measurements.

Until now, dynamic relative measurement of alignment and movement while the machine is in operation uses a different approach, which simply assumes that the initial set up is correct.

GyroMetric's ADSA system is the first to be able to combine absolute and dynamic measurement. The disadvantage of the relative solution is that two sets of equipment are required, one for initial set up, and another for continuous monitoring.

GyroMetric's ADSA system allows continuous monitoring to take place, with no labour cost in re-measuring and no down time. GyroMetric's system is digital, enables limits to be set to warn automatically that intervention is required, and provides the capability for remote monitoring.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCMJBLTMBATBAL

(END) Dow Jones Newswires

October 24, 2019 02:00 ET (06:00 GMT)