Intellisaw = CASH PILE28 Sep 2015 08:55
The company is in discussions with A PREFERRED BIDDER regarding the possible sale of IntelliSaw. A FURTHER announcement will be made in due course.
SAWSense's many projects are progressing well, with 1 particular industrial partner expected to launch a commercial torque solution product in 2016. It is anticipated that going forward, income received from the commercialised torque project and other ongoing engineering work should start to EXCEED the division's costs.
A major recent development, is the signing of a memorandum of understating with GE, a provider of products to the global Power and Water, Oil and Gas, Energy Management, Aviation, Healthcare, and Transportation industries. It is developing new instrumentation applications utilising its core wireless, passive Surface Acoustic Wave (SAW) measurement technology in association with SAWSense. This development aligns the Transense SAW technology expertise with GE's proficiency in large scale production and product delivery, to open up new global opportunities.