RemSense to list on ASX

03/05/2021 - 13:00

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Perth tech company RemSense looks set to list on the ASX after completing its pre-IPO funding round.

RemSense to list on ASX
RemSense is planning to expand its asset visualisation platform, Virtual Plant. Photo: RemSense

Perth tech company RemSense looks set to list on the ASX after completing its pre-IPO funding round.

Subject to ASX approvals, the IPO will launch in August and is aiming to raise $5 million to fund the expansion of the company’s asset visualisation platform, Virtual Plant.

The pre-IPO funding round was led by Mac Equity Partners.

Managing director Bryant Mclarty said RemSense was a strong proposition for many of their clients.

“RemSense fit the profile of what many of our clients look for - an innovative company that has huge growth potential via the developments of new technologies, whilst proving it can already operate efficiently and generate revenues from its existing business lines.”

They provide advanced drone imaging, virtual reality, and bespoke technology development services to mining and metals, energy, utilities, and defence clients.

RemSense has re-organised their operations into two key lines: Technology and Engineering, providing tech development and engineering services; and Data Capture and Insights, which gathers and processes both terrestrial and airborne data and imagery for clients.

Ahead of its listing, Ms Nicole O'Connor, Director of Research Services and Systems at Curtin University, joined RemSense’s board as non-executive director.

In her current role, Ms O'Connor oversees approximately $150 million of research projects, and has previously worked for SAP, IBM, and Western Power.

Managing director and chief executive Steve Brown said Ms O’Connor’s experience in delivery of cloud-lead services and technical innovation would be a welcome addition to the board.

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