REMSENSE TECHNOLOGIES LIMITED — Capital/Financing Update 2024

Jun 6, 2024

==> picture [212 x 44] intentionally omitted <==

ASX ANNOUNCEMENT

7 June 2024

SIGNIFICANT CONTRACT AWARD

RemSense Technologies Limited (ASX: REM) (“RemSense”) is pleased to announce that it has received a Purchase Order from AGC Industries Pty Ltd on behalf of Chevron Australia to undertake virtualplant high-resolution photogrammetry scanning and image processing of Chevron’s Gorgon LNG Train 1 in northwestern Australia for a contract value of $534,195.33.

The work is scheduled to commence in October this year and follows on from the successful completion of six previous projects at Chevron’s Wheatstone, Gorgon and Janz-IO facilities.

Warren Cook, RemSense CEO said: This contract award underscores the ongoing recognition of RemSense's innovative solutions and the significant value our technology and services bring to the market. We are excited about the increased interest from companies, large and small, domestically and internationally, across several market sectors.”

-ENDS-

This announcement has been approved for release by the Board of RemSense Technologies Limited.

For further information:

Warren Cook CEO +61 8 6118 5610 rem@remsense.com.au

About RemSense

RemSense Technologies Limited (ASX: REM)

RemSense has developed virtualplant, a high-resolution photographic asset visualisation platform that delivers an intuitive immersive reality experience with centralised intelligence for effortless asset utilisation. Virtualplant realises the promise of VR/AI technology by creating digital representations of plant assets (digital/visual twins) delivering greater productivity, increased safety, and reduced costs.

Suite 173, 580 Hay St Perth WA 6000| +61 8 6118 5610 | rem@remsense.com.au ACN 648 834 771