en.Wedoany.com Reported - RemSense Technologies Ltd (ASX:REM) has recently completed a placement, issuing 44,875,296 ordinary shares at A$0.027 per share, raising a total of A$1,211,633 (approximately A$1.21 million) from new and existing sophisticated investors. The funds will be used to advance the development of its virtualplant digital asset visualization platform and AI-powered intelligent image analysis capabilities. The placement was led by Peloton Capital, and due to strong subscription demand, the final issue size was scaled back.
As the placement arranger, Peloton Capital will receive a fee of 6% of the total funds raised, along with 25 million unlisted options exercisable at A$0.04 per share, expiring on March 31, 2029. This option scheme is subject to shareholder approval. RemSense plans to allocate the raised funds to the technological upgrade of its proprietary virtualplant platform and AI image analysis tools for critical infrastructure, with the remainder used as general working capital.
virtualplant is a high-resolution 3D asset visualization platform that enables industrial asset owners and operators to remotely view and control facilities through an immersive digital environment. The platform processes various high-resolution spatial data, including LiDAR point clouds, photogrammetry datasets, drone and Remotely Piloted Aircraft Systems (RPAS) imagery, to build 3D visual digital twins for asset-intensive industries. RemSense employs a hybrid revenue model, combining project-based digital asset capture, large-scale data processing, and implementation fees with recurring software subscription revenue from virtualplant users.
The platform aims to address the pain point of limited remote visibility in complex facilities, reduce unnecessary on-site inspections, and improve access to decentralized asset data by integrating visual records, asset tags, and operational information into a unified environment. Application scenarios include remote inspection, maintenance planning, asset management, training and onboarding, safety and risk management, production, engineering, ESG, and legal or insurance risk management. In terms of AI capabilities, RemSense is advancing the development of asset auditing, automated inspection report generation, and defect detection functions, specifically including asset ID capture through nameplate recognition, cross-referencing spatial and tagged data with enterprise asset management systems, automated output of structured inspection reports, and detection of defects such as corrosion.
virtualplant can integrate with customers' existing systems (e.g., SAP, IBM Maximo) and monitoring data platforms, allowing users to correlate visual asset information with operational systems. The platform is applicable to various scenarios, including oil and gas facilities, mining operations, infrastructure assets, processing plants, industrial facilities, and facility management. Currently, RemSense's tier-one clients include Rio Tinto, Chevron, Newmont, BHP, Applus+, ExxonMobil, Shell, Woodside, and WSP, and it has established global partnerships with AWS and Matterport.
The company sees growth opportunities in Australia, the United States, South America, and the Middle East, with a focus on the oil and gas, mining, facility management, and infrastructure sectors. Offshore energy assets are one of its primary target markets, with approximately 46 offshore facilities in Australian Commonwealth waters and around 1,600 in the U.S. Gulf of Mexico. Financially, RemSense reported revenue from ordinary activities of A$3.44 million for the 2025 fiscal year, a 107% increase from A$1.66 million in the 2024 fiscal year. Gross margin improved from 65% to 71.9%, and underlying EBITDA after adjusting for share-based payments was A$574,000, compared to a loss of A$1.64 million in the 2024 fiscal year. The company achieved positive operating cash flow with an inflow of A$376,000, versus an outflow of A$1.36 million in the 2024 fiscal year. As of March 31, 2026, RemSense's unaudited cash balance was A$610,000, and based on a share price of A$0.033 on June 19, 2026, its market capitalization was approximately A$7 million.
RemSense Technologies focuses on providing advanced digital asset visualization services to energy, resources, and infrastructure clients. It has transformed from a drone system and RPAS service provider into an industrial digital solutions provider. Its core capabilities encompass reality capture, drone and RPAS inspection, LiDAR and photogrammetry processing, AI-assisted asset auditing, intelligent inspection report generation, and enterprise asset management system integration. The company is led by Managing Director and CEO Warren Cook, who has over 25 years of experience in technology development and commercialization in the mining, environmental, and energy sectors.
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