Placement Offer utilising the Company’s existing capacity under Listing Rule 7.1 and Listing Rule 7.1A to raise up to A$750,600 with the ability to take up oversubscriptions at $0.027. The placement offer comes with 1 for 2 free attaching unlisted options with an exercise price of $0.04, expiring approximately 16 months from the date of issuance. The issuance of the Options requires shareholder approval at a General Meeting to be convened.
RemSense Technologies Limited (ASX:REM)
REM4
Lead Manager
Contact - Bryant Mclarty
0411 222 927
bmclarty@liquidity.com.au
Offer Price
A$0.0270
per share
Offer Size
A$750,600
Offer Details
Issue Price (Per Share)
A$0.0270
Discount
40.00%
Offer Size
A$750,600
Shares Available
27,800,000
Documents & Downloads
Company Overview
RemSense Technologies Limited (ASX:REM) is a digital technology company delivering industrial asset visualisation through its proprietary Virtualplant platform. The company has established commercial relationships with tier-one clients including Chevron, Woodside Energy, and Newmont Mining.
- For Chevron, RemSense has delivered multiple major digital twin projects at the Wheatstone and Gorgon LNG facilities in Australia, scanned a US offshore production facility, and is engaged on further international projects, all under a global master services agreement that streamlines collaboration and signals a long-term partnership.
- For Woodside, projects include high-res digital twins for FPSOs (e.g., Okha) and corrosion remediation tools.
- For Newmont, RemSense created detailed 3D models of the Boddington Gold Mine’s key assets and supports integration into asset management systems.
Other clients have included BHP, NEXTDC, and Main Roads WA for infrastructure and mining visualisation tasks.
RemSense has signed a Global Services Agreement with Chevron, paving the way for scaled deployment across its operations. Ongoing global project work with Woodside and Newmont further supports RemSense’s growing role in the digital transformation of the energy and mining sectors. Complementing its software offering, RemSense provides a suite of specialised services that create multiple entry points into client operations and support long-term commercial relationships, including:
- Engineering Services - Technical support and consulting across asset-heavy industries
- Drone-Based Data Capture - High-resolution aerial imaging for asset inspection and modelling
- Industrial Photography - Site documentation and visual asset records
- Technical Training and Support - Onboarding and operational assistance for Virtualplant users
Virtualplant Imaging
LNG Train
Use of Funds
The funds raised will be used for:
Use of Funds
1.
Product Research and Development
2.
Enhancement of VP Software Capabilities
3.
Working Capital
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of RemSense Technologies Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in RemSense Technologies Limited.
