23rd Jul 2021 12:22
(Alliance News) - Remote Monitored Systems PLC on Friday said its first half sales "have not been significant", but remains confident sales will grow in the second half of 2021.
Shares in Remote Monitored Systems were down 7.4% at 0.82 pence each in London on Friday afternoon.
London-based Remote Monitored Systems is a surveying services company.
Despite low sales, the company is having ongoing conversations with potential partners around the world and the board remains confident that sales will grow in the second half of 2021.
Given the Pro-Larva brand has been successfully trademarked in the UK, the company believes this should assist with the sales efforts of subsidiary Francis MacIntyre Ltd and potentially lead to further orders following the company's initial order of 100,000 masks announced in March.
"Despite the global vaccine roll out and the lifting of certain restrictions, it is clear that masks continue to have a role in reducing general infection risk, with nearly two thirds of people in the UK expressing a desire to continue to wear masks," the company said.
Whilst sales of the anti-bacterial Pro-Larva mask remain a key priority for the firm, it is increasing its focus on developing the portfolio of new products.
Remote Monitored Systems is committed to building up the research and development side of the business as it believes that the ability to commercialise the intellectual property within the business is what will underpin shareholder value.
By Amrit Sahota; [email protected]
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