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RemSense Technologies Limited (ASX:REM)

ALERT: Price-sensitive ASX Announcement for REM
Current share price for REM : $0.033 -0.012 (-26.67%)+
Announcement
Release
30 Jan 2026 8:19AM
Price at Release
$0.045
Full Release
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Summary
The Q2 FY2026 report for RemSense Technologies Limited highlights strong business performance as the company transitions from technology capability to commercial execution at scale. RemSense delivered over A$1.685 million in projects for Tier-1 oil & gas and mining clients and expanded its global presence. The company secured significant contracts for its virtualplant platform, which supports digital twin solutions that enhance safety and decision-making for industrial operators. RemSense continued to innovate by advancing its ISO 27001 cybersecurity certification, investing in LiDAR and data processing capabilities, and exploring new markets such as facilities management and defence. Financially, the company managed cash flows through strategic contract negotiations and cost control measures, ending the quarter with a cash balance of A$249,000 and anticipating improved cash flow through ongoing and new contracts.
Key Points
  • RemSense delivered over A$1.685 million in projects for Tier-1 clients.
  • Expansion of virtualplant platform, securing significant new engagements.
  • Advanced ISO 27001 cybersecurity certification.
  • Invested in LiDAR and data processing capabilities.
  • Exploring new markets such as facilities management and defence.
  • Managed cash flows through strategic contracts and cost control.
  • Ended the quarter with A$249,000 in cash.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.