In August 2018, the Director General of Civil Aviation (DGCA) passed the long awaited rules on operating unmanned aerial vehicles (UAV) three years after an initial ban on all drones in October 2014. This could go a long way in propelling the growth of drone-based service industry that has mushroomed over the last couple of years in various infrastructure segments, including renewable energy.
Remote Monitored Systems plc (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. In addition the Company is implementing an enhanced growth strategy via the appraisal of complementary acquisition or investment opportunities. This is in line with the Company’s stated objective to achieve improved financial performance in the near term.