Great Rns:)16 Sep 2013 08:57
16 September 2013
Transense Technologies plc
Final Results
Transense Technologies plc (AIM:TRT) ("Transense" or "the Company"), the provider of sensor systems for the transportation and industrial markets, is pleased to announce its final results for the 12 months ended 30 June 2013. Comparative figures in the Financial Highlights are shown for the 12 months ended June 2012, using unaudited figures extracted from management accounts, against which percentage comparisons have been made, and also for the statutory audited 18 months ended June 2013.
Financial Highlights
-- Revenue increased 98% to GBP1.5m (2012: GBP0.765m, 18 months: GBP1,014m )
-- Gross Profit increased 140% to GBP1.02m (2012: GBP0.424m, 18 months: GBP0.565m)
-- Positive cash position at 30 June 2013 of GBP1.98m (30 June 2012: GBP0.195m)
Operational Highlights
-- Completed a successful Placing and over-subscribed Open Offer which, together with a further placing, raised approximately GBP5m
-- Significant developments within Translogik
o Large increase in sales and installations of iTrack mining tyre monitoring system
o Increase in sales of tyre inspection tools with three of the largest orders
o Surge in enquires for RFID products
-- IntelliSAW division completed a number of installations
-- SAWsense continues to support longer-term development projects
Graham Storey, CEO, commented:
"The last twelve months have been the most successful in terms of revenue in the Company's history and indications in recent months are that this pattern of growth is continuing into the coming year. Having invested heavily in R&D, developing products and a worldwide partner and distribution network, the Company has moved into a new phase of growth, with rapid expansion underpinned by our strengthened balance sheet. We look forward to the coming years with considerable confidence."
For further information, please contact:
Transense Technologies Tel: +44 1869
plc 238 380
Graham Storey, Chief
Executive
N+1 Singer - Nominated Tel: +44 20
Adviser 7496 3000
Shaun Dobson, Aubrey
Powell
Newgate Threadneedle Tel: +44 20
7653 9850
Caroline Evans-Jones,
Robyn McConnachie
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global electrical Smart Grid applications market, the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its three trading divisions, IntelliSAW, Translogik and the newly established SAWS