Remote Monitored Systems has announced 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.