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RemSense Technologies Ltd. ( (AU:REM) ) just unveiled an update.
In its Q2 FY2025 report, RemSense Technologies Limited announced a cashflow positive quarter with significant financial and operational achievements. The company reported a 78% increase in customer receipts, successful completion of international projects, and renewal of contracts with key clients like Newmont Mining. RemSense continues to expand its capabilities and partnerships, notably with Chevron, while exploring new market opportunities. Their virtualplant platform remains central to operations, with ongoing developments to support a range of industries in achieving safer and more efficient operations.
More about RemSense Technologies Ltd.
RemSense Technologies Limited is a technology company specializing in industrial digital transformation through its visualisation platform, virtualplant. This high-resolution 3D photographic asset visualisation platform provides a digital representation of plant assets, integrating with existing business operations and asset management systems to enhance productivity, safety, and cost efficiencies across various sectors, including Oil and Gas, mining, and industrial markets.
YTD Price Performance: 56.52%
Average Trading Volume: 157,569
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$5.97M
See more insights into REM stock on TipRanks’ Stock Analysis page.
