Founded in 2007, RM2 is a vertically-integrated innovator in pallet development, manufacture, supply and management. Recognising that there are significant costs and drawbacks associated with traditional pallets, RM2 has established a disruptive presence in global pallet supply and aims to improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.

RM2 has designed and manufactured the BLOCKPal™ pallet, a multi-trip, heavy duty composite pallet that is suitable for use in both automated and manual areas of the supply chain where there are high levels of movements. The composite material and the associated manufacturing process is designed to bring qualities of strength, durability, flexibility and scale of production as well as other benefits. The BLOCKPal™ pallet has been independently tested by leading institutions and has been shown regularly to outperform comparable products and industry standards.

RM2 aims to change the way its customers look at pallets from a consumable to an asset that can generate significant accretive profit margin. To do this, we align ourselves with potential customers – typically large manufacturing, distribution and retail businesses – to provide an integrated solution to their pallet and pallet movement needs, whilst interacting with other logistics partners, as necessary. RM2’s products have been developed in consultation with these customers and are designed to provide receivers of goods with greater visibility over costs and the ability to reduce the direct and indirect costs associated with inbound goods movements.

RM2 can supply its pallets and the associated services on a rental basis to closed loops or by outright sale and its production method is versatile enough to easily supply standard or bespoke pallets.


http://www.rm2.com/main.php

Is this going to become a casualty?

i'm afraid it looks that way
the concept was really good but clearly the execution was not

Above 70p in 2015.

great concept, but clearly bad management execution ..... very sad

A real shame. Mind you we are 4 yrs older since the opening of this thread, seems like yesterday. :-))

Financial Position and Product Update
RNS
RNS Number : 2300H
RM2 International SA
09 March 2018

9 March 2018
RM2 International S.A.

Financial Position and Product Update
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, provides the following update regarding its financial position and customer relationships.
The Company continues to proactively transition the business to focus on IoT technology in pallet applications, servicing its existing customers and developing new relationships with certain Fortune 500 companies.
As a part of that transition, the Company will continue to reduce resources and investments in non-core, non value-add activities so that it can increase its investment in service.
The Company is now pleased to report that, following the sale of a non-core office building in Switzerland and repayment of the related mortgage, it received net proceeds of approximately $2 million and is therefore able to extend its cash resources to continue operating through mid-April based on information available to it today. The timeframe is dependent on the outcome of ongoing discussions with third parties, including manufacturing partners and sources of financing.
The Company is in advanced stages of financing discussions with the support of its existing shareholders and will announce developments to the market at the earliest possible opportunity.
Product Update
Trials of RM2 ELIoT smart pallets are producing remarkable results for customers' supply chains in North America. The RM2 ELIoT proprietary tracking technology communicates the precise location of specific pallets, allowing misdirected or mishandled goods to be identified immediately, permitting customers to reduce loss, mishandling, spoilage and theft, thereby creating significant cost savings and supply chain efficiencies.
Significant opportunities with Fortune 500 companies are in final trial phases. The conversion of a subset of these opportunities, deployed and financed on schedule, is expected to result in the Company generating positive EBITDA in 2019.

The Company is also proud to report that the RM2 ELIoT Pallet won Material Handling Product News' 2017 Product of the Year award in the category of Packaging and Pallets. This prestigious industry award honors those products and companies whose innovations have improved materials handling systems and equipment within manufacturing, distribution centres and warehouses.

+320%

a meaningless gain for a stock with almost zero value

StockMarketWire.com
Pallet supplier RM2 International said its goal of turning earnings positive in the first half would be 'challenging' due to delays signing up customers.

The company said it would provide further updates in due course, but had continued to cut costs in the meantime.

On a brighter note, RM2 said it had successfully completed a 100-unit trial with 'one of the world's leaders in the logistics industry'.

Other trials with large multi-national corporations were progressing well, the company said.

'In particular, one large trial with a North American beverage customer has concluded with strong results and discussions on deployment terms are expected to continue over the coming months,' RM2 said.

In April, the company announced a Phase 1 contract with a Fortune 500 customer, which was expected to involve a significant deployment of pallets.

The initial implementation of pallets under that contract was deferred but the deployment was now underway with 'promising results'.

Wow.

Result of EGM
RNS
RNS Number : 1612K
RM2 International SA
11 December 2018

11 December 2018
RM2 International S.A.
("RM2" or the "Company")

Result of EGM

RM2 (LSE-AIM: RM2), the sustainable smart pallet innovator, confirms that all of the resolutions put to Shareholders at the Company's Extraordinary General Meeting of Shareholders held today were duly passed.

As a result, the Company will proceed the Restructuring, which will result in the share capital of the Company being reduced from 5,001,781,964 Old Ordinary Shares to 25,008,909 Ordinary Shares.

Application has been made to the London Stock Exchange for the admission of the 25,008,909 Ordinary Shares issued pursuant to the Restructuring to trading on AIM ("Admission") and Admission and dealings are expected to commence from 8.00 a.m. tomorrow. The Restructuring Record Date is 5.00 p.m. today.

The Placing will proceed as soon as the transfers for the subscription funds from the participants are complete, which is expected to take place tomorrow, 12 December 2018, at which time a further announcement will be made to confirm completion of the Placing and to provide a total voting rights update.

From 8.00 a.m. on 12 December 2018, the Ordinary Shares will trade under the ISIN Code - LU1914372336.

The definitions used in this announcement can be found in the Company's circular dated 26 November 2018, which is available to view on the Company's website www.rm2.com.