Remote Monitored Systems PLC Response to speculation (3904Q)

TIDMRMS

RNS Number : 3904Q

Remote Monitored Systems PLC

25 February 2021

25 February 2021

Remote Monitored Systems plc

("RMS" or the "Company")

Response to speculation

The Company notes the recent social media speculation relating to the Pharm 2 Farm Ltd ("P2F") mask apparently being available for sale on European web sites with pictures of the branding now being circulated. As previously announced, the Company confirms that it is in discussions with a number of potential customers. As would be expected, this has included the provision of samples however, no bulk deliveries of the mask have been made and contracts have not yet been signed. In the meantime, careful preparations are being made for a formal launch of the product and its branding.

The P2F team is currenly working hard to bring the mask to market and it is disappointing when those efforts are adversely impacted by the premature and unauthorised dissemination of information. As the Company has said, it will update the market as necessary with details of new developments in accordance with its regulatory obligations as an AIM traded company.

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ENQUIRIES :

Remote Monitored Systems plc

Antony Legge (Chairman) via IFC Advisory

SP Angel Corporate Finance LLP [phone]

Nominated Adviser and Joint Broker

Stuart Gledhill

Caroline Rowe

Peterhouse Capital Limited [phone]

Joint Broker

Lucy Williams

IFC Advisory Ltd [phone]

Graham Herring

Zach Cohen

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(END) Dow Jones Newswires

February 25, 2021 08:48 ET (13:48 GMT)