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RemSense Technologies Limited (ASX:REM)

ALERT: Price-sensitive ASX Announcement for REM
Current share price for REM : $0.027 -0.009 (-25%)+
Announcement
Release
25 Jun 2026 8:14AM
Price at Release
$0.036
Full Release
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Summary
RemSense Technologies Limited announced a further project award for its virtualplant asset intelligence application, marking the third facility under their program with Applus+, a strategic partner. Valued at A$153,750, the project involves delivering high-resolution imagery and visual twin services to an offshore platform operated by a Tier 1 Oil & Gas major, with completion expected by July 2026. This expansion underscores RemSense’s strategic growth in digital asset visualization, aiming to reduce site visits and improve asset management across complex industrial environments.
Key Points
  • RemSense Technologies Limited received a project award for virtualplant application.
  • The project involves collaboration with Applus+ for an offshore platform.
  • This is the third facility to use RemSense’s digital asset visualisation technology.
  • The contract is valued at A$153,750 and is scheduled for completion in July 2026.
  • RemSense is expanding its virtualplant platform across offshore oil and gas assets.
  • The project includes ultra-high-resolution imagery capture and virtualplant visual twin creation.
  • Strategic growth is reinforced by partnerships and repeat awards.
  • The expansion of virtualplant is a milestone for digital transformation in industrial environments.
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.