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(Sharecast News) - Transense Technologies announced a strategic distribution agreement with Haltec Corporation on Friday, as part of a significant expansion of its tyre inspection tools in the US market.
The AIM-traded firm said the agreement, facilitated through Transense's Translogik division, would establish Haltec as a formal distributor of its advanced tyre inspection solutions.
It said Haltec, a leading provider of tyre valve and management solutions, would integrate Translogik's technology into its product portfolio, complementing its existing Haltec Go software.
The company said it would also supply Translogik solutions to customers using their own tyre management platforms, ensuring broad market compatibility.
As part of the deal, Haltec would maintain Translogik inventory in the US, allowing for faster supply and improved local service and support.
While Transense had previously sold products in the US, the agreement represents its first formal partnership with a distributor holding stock and service capabilities in the country.
Haltec, established in 1970 and based in Ohio, serves the global tyre management market with high-performance valve systems and specialist inflation solutions.
The board said the partnership was expected to enhance Transense's market penetration and streamline access to its tyre inspection technology across North America.
"Partnering with Haltec Corporation is a significant step forward for Transense," said managing director Ryan Maughan.
"Their expertise, established customer relationships and extensive sales network will allow us to deliver our tyre inspection tools to a much broader audience in North America.
"With Haltec's excellent reputation, strong industry presence and commitment to innovation, we anticipate this partnership to drive substantial growth for Translogik in the region."
At 1117 GMT, shares in Transense Technologies were up 3.42% at 152.55p.
Reporting by Josh White for Sharecast.com.
