About Gyrometric Systems
Gyrometric Systems is a provider of hardware and software monitoring technology. The company aims to protect drive-trains from overload and asymmetry damage by measuring the performance of drive shafts in a wide variety of applications, mainly in marine engines, machine tools, and wind turbines. It intends to help them to operate at maximum efficiency thus, saving energy, maintenance, and capital costs. Its technology uses signal processing of pulses from rotary encoders of different types, with additional pick up heads. On September 25th, 2020, Gyrometric Systems was acquired by Remote Monitored Systems, terms of the transaction were not disclosed.
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Latest Gyrometric Systems News
Nov 1, 2021
nanosynth group Disposal of Cloudveil and Board Change 7:12 am Nanosynth plc (LONJ:NNN) have today announced that it has agreed to return control of Cloudveil Limited, a wholly owned subsidiary of the Company, to Cloudveil’s founder, Antony Hugo Gillum-Webb, by transferring the Company’s shares in Cloudveil to the Founder for nominal consideration, effective immediately. The Disposal is in line with the Board’s strategy which is to focus on the synthesis and application of the Company’s core capabilities and has been strengthened by the appointment of Mark Duffin as CEO in September 2021. The Disposal follows the Board’s decision earlier this year to reduce its holding in Gyrometric Systems Limited, as approved by shareholders in August 2021, and following this the Group will have two wholly owned subsidiaries, being Pharm 2 Farm Ltd (“P2F”) and nanosynth Ltd. The Board also announces that following the Gyrometric transaction, John Richardson has resigned from the Board as an executive director, effective immediately, to focus on product management activities within P2F, the Company’s main subsidiary. Antony Hugo Gillum-Webb is also a director of Cloudveil and as a result, the Disposal is considered to be a related party transaction in accordance with Rule 13 of the AIM Rules for Companies. Accordingly, the Directors of nanosynth, being Mark Duffin, Antony Legge, Richard Clarke, Dr Felicity Sartain and Dr Gareth Cave, having consulted with the Company’s nominated adviser, SP Angel Corporate Finance LLP, consider that the terms of the Disposal are fair and reasonable insofar as the Company’s shareholders are concerned. Antony Legge, Chairman of nanosynth plc, said: “The disposals of Gyrometric and Cloudveil are the last steps in our refocussing strategy. With the opportunities available to us, it is vital our management and financial resources are concentrated on realising returns for shareholders by exploiting our strong position within the nano-particle sector.”
Gyrometric Systems Frequently Asked Questions (FAQ)
Where is Gyrometric Systems's headquarters?
Gyrometric Systems's headquarters is located at Nottingham Science & Technology Park, Nottingham.
What is Gyrometric Systems's latest funding round?
Gyrometric Systems's latest funding round is Acquired.
Who are the investors of Gyrometric Systems?
Investors of Gyrometric Systems include nanosynth and Braveheart Investment Group.
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