Transense Regulatory News (TRT)

20 May 2005 12:05

Transense Technologies PLC20 May 2005 Transense Technologies plc AGM Statement At the Company's AGM held at 11.30 a.m. today all resolutions were duly passed. In addition Ray Lohr, Director of the Company, gave a presentation to thoseshareholders in attendance at the meeting. The key points of this presentationwere as follows: 1. The Company's Tyre Pressure Monitoring System ("TPMS") remains focused on an in-service date of 2005 in the North American truck market. Road test and in-house test programmes for TPMS for the truck market are continuing and Transense has now completed its engineering support tasks for TPMS in this market 2. The Company also continues to progress well with the development of TPMS for passenger cars. Honeywell are providing sensors for both ongoing and new programs. Since 1 January 2005, the Company has supplied or been asked to supply a number of demonstrators, including to a potential licensee in the Far East, an EU Tier 1 supplier and two US OEMs. Furthermore Transense is in the process of negotiating a licence with a leading US Tier 1 supplier. 3. Transense continues to develop and market its Surface Accoustic Wave ("SAW") technology for electric power assisted steering systems. Since the beginning of the year a leading EU Tier 1 supplier reported a highly successful system evaluation of the Company's system and has requested a product development program. In addition the Company has also been in discussions with three Tier 1 suppliers for both rack mounted and column mounted systems. 4. Transense is also pursuing a number of potentially significant opportunities for its SAW technology in the measurement of torque for power train control. It currently has active projects with two US OEMs to provide direct torque measurement for engine control, one US OEM to provide torque measurement systems for control of automatic transmissions and is in discussions with one US OEM and one EU Tier 1 supplier both keen to acquire direct torque measurement systems for improved 2 wheel drive / 4 wheel drive selection. 5. The size of Transense's addressable market is considered to be large with over 1 billion tyres and an estimated 60 million new vehicles per annum. A full copy of the presentation given at today's AGM will be available on theCompany's web-site www.transense.co.uk For further information please contact: James Perry, Chief Executive Tel: 01869 238 380Transense Technologies plc This information is provided by RNS The company news service from the London Stock Exchange