RemSense Technologies Limited (ASX: REM) announced the Virtualplant Contract Award from Woodside Energy Ltd. This contract involves the implementation of RemSense's cutting-edge virtualplant technology to create a detailed photogrammic digital twin of one of Woodside's FPSO (Floating Production Storage and Offloading) vessels. The project is scheduled to commence in early August, expanding RemSense's footprint in the FPSO and maritime industry.
Steve Brown, RemSense's Managing Director, mentioned about the company's continued growth, with virtualplant adoption extending to both existing and new customers. This contract marks the second seagoing vessel to benefit from the technology, underscoring its wide-ranging applications. With the contract revenue amounting to $245,000, including operational data capture and a one-year SaaS agreement, RemSense is poised for further success in securing future opportunities. This achievement reflects RemSense Technologies Limited's dedication to providing innovative technology solutions in the industry.
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