25 June 2021
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside is now considered to be in the public domain.
Remote Monitored Systems plc
("RMS" or the "Company")
Update on new product development
The Company is pleased to announce that the 5-ply version of its Pro-Larva anti-viral mask, developed with Volz Filters UK Ltd ("Volz"), has been approved by the UK's Medicines and Healthcare products Regulatory Agency ("MHRA"). The 5-ply mask has an additional filter layer, produced by Volz, after the hydrophobic outer layer, further strengthening the mask's already excellent bacterial filter efficiency.
The last year has established a close working relationship between Volz and the Company's subsidiary, Pharm 2 Farm Ltd ("P2F"). Not only is Volz manufacturing the existing 4-ply anti-viral masks for P2F, but the two companies have also been working on developing a new anti-viral filter material, as an extension of the work on the anti-viral mask and covered by the same patent. This new material has passed the proof-of-concept stage and Volz and P2F are now looking at how this could be commercialised (for example, in heating, ventilation and air conditioning systems), although this is expected to take several months, with work required on moving from proof-of-concept to large scale production.
Antony Legge, Executive Chairman, said; "Volz have been an excellent partner to Pharm 2 Farm, providing support in a number of areas. We are delighted with the MHRA approval for the 5-ply mask and to be working with Volz on an exciting development of the α-virion technology, with the potential to incorporate it into air filters."
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ENQUIRIES:
Remote Monitored Systems plc | via IFC Advisory |
Antony Legge (Executive Chairman) |
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SP Angel Corporate Finance LLP | +44 20 3470 0470 |
Nominated Adviser and Joint Broker |
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Stuart Gledhill |
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Caroline Rowe |
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Peterhouse Capital Limited | +44 20 7469 0930 |
Joint Broker |
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Lucy Williams |
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IFC Advisory Ltd | +44 20 3934 6630 |
Graham Herring |
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Zach Cohen |
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