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MatterportMatterport PartnersNewsRemSense

AUS $2 Million Matterport Scanning Contract Awarded to RemSense18409

WGAN Forum
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DanSmigrod private msg quote post Address this user
RemSense Media Release
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Video: Proactive Investors YouTube Channel | 12 March 2023

[Note: I confirmed with RemSense Managing Director and CEO [b]Steve Brown[/b] that this contract is 100 percent Matterport scanning.]

MultiYear Virtual Plan Contract Awarded

Australia (7 March 2023) Technology solutions company RemSense Technologies Limited (ASX: REM) (“RemSense”) is pleased to announce that it has received a contract from AGC Industries Pty Ltd on behalf of Chevron Australia to undertake virtual plant scanning of additional LNG facilities through 2023 and 2024 for a total contract value of approximately $2 million.

This award builds on the successful virtual plant scanning of some Chevron assets last year, with new site scanning work commencing early April 2023.

Steve Brown RemSense Managing Director said “The contract award is the largest single commitment for virtual plant scanning and a significant milestone for RemSense."

"It’s a great example of the maturing of enterprise sales opportunities started in 2022 by our business development team led by Anthony Roe. The team has been steadily building opportunities in parallel to the development of virtual plant product and services with our global partners," send Brown.

"Further prospects across market sectors are progressing in Australia and overseas,” said Brown.

About RemSense
RemSense Technologies Limited (ASX: REM) - RemSense has developed virtual plant, a photographic asset visualization platform that fulfills the promise of VR/AI technology as a digital representation of plant assets (digital twin) that integrates with existing business operations and asset management systems to deliver greater productivity, increased safety, and reduced cost.

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Source: RemSense Technologies Limited via Media Release
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WGAN Forum
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WGAN-TV Podcast
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Hi All,

I received an email from RemSense on Tuesday, March 22, 2023 with this additional info:

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Capital Raising and Entitlement Offer to Fast-Track Growth

Placement completed to raise $475,000 from professional and sophisticated investor clients of Peak Asset Management

A 1:3 pro-rata Entitlement Offer to be extended to existing shareholders under the same terms to raise a further $2.28M

The funds raised from the placement and the entitlements issue will be used to:

- provide working capital to support greater revenue and volume of work expected;
- market and expand the IBM partnership opportunities on a global basis; and
- expand the sales and marketing of virtualplant both locally and internationally, currently pursuing 77 Australian based opportunities.


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Dan
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