Remote Monitored Systems signs hydroponics agreement

Remote Monitored Systems PLC announced on Monday that it has signed an agreement with PIC Consultants Ltd. to supply high quality retail hydroponic nutrients for distribution in the UK market.

The London-listed tech company said that under the deal, PIC agreed to purchase a minimum of 40,000 liters over 12 months of eight specially formulated solutions, all of which contain patented nanoparticles produced by the subsidiary of Remote Monitored Pharm 2 Farm Ltd. .

Remote Monitored said it expects deal revenue to be around 80,000 pounds ($ 110,424) for the 40,000 liters. Subsequently, revenues are expected to increase significantly as market awareness increases, the company said.

Remote Monitored Systems (LON:RMS) is focused on the continued development of the Company’s ‘Survey & Inspection’ business. RMS also has a majority interest in GyroMetric Systems Limited, which develops and manufactures digital monitoring and safeguarding systems for rotating shafts.

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