If you commute over bridges and overpasses each day, there is a fairly good chance that some of them might need repair (more than 54,000 U.S. bridges are rated “structurally deficient”). As the country’s infrastructure ages, bridge inspections get even more important, but the work is expensive, time-consuming, and dangerous, requiring engineers to rappel down the side of a bridge hundreds of feet above a river. It is a task that might be better suited for drones.
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.
