Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTransense Regulatory News (TRT)

Share Price Information for Transense (TRT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 127.50
Bid: 125.00
Ask: 130.00
Change: 2.00 (1.59%)
Spread: 5.00 (4.00%)
Open: 125.50
High: 127.50
Low: 125.50
Prev. Close: 125.50
TRT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Chinese partner places order worth over USD 500k

29 May 2012 07:00

RNS Number : 2717E
Transense Technologies PLC
29 May 2012
 

 

For Release: 29th May 2012

 

Transense Technologies plc (the 'Company' or 'Transense')

Chinese partner places order worth over USD 500k with IntelliSAW

 

Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets is pleased to announce that its trading division, IntelliSAW, has received an order worth in excess of USD 500K, which is expected to be placed on a call-off basis over the next 12 months, from its Chinese strategic partner Wuhan Fenjin Electric Power Technology Co., Ltd ('Fenjin') for its innovative wireless/passive electrical switchgear temperature monitoring system. This order represents the first step in driving mass adoption of IntelliSAW's proprietary technology within China's high growth Smart Grid market.

Fenjin is a supplier of critical test, control, and monitoring equipment for the electric power industry. Fenjin's twenty years of experience in the power industry has established it as a leading provider within the market.

Access to IntelliSAW's unique electrical switchgear temperature monitoring system will allow Fenjin to expand its portfolio of services into the Smart Grid arena where IntelliSAW's technology provides real-time, continuous monitoring of mission-critical electric power substation switchgear.

Mr Jacky Huang, Vice General Manager and Director of R&D department for Fenjin, commented "We have been pleased with the performance of the IntelliSAW IS485 system during recent testing. Surface Acoustic Wave (SAW), technology represents a major breakthrough compared to currently available temperature monitoring systems in key areas such as scalability, flexibility in configuration, and ease of installation and commissioning. There is immense pressure being put upon the Chinese power grid as heavy industry places increasing demands on existing infrastructure. Use of the IntelliSAW system allows vital information on the performance and health of this infrastructure to be monitored in real-time, allowing efficiency improvements in power transmission as well as increases in both switchgear reliability and installation safety. We believe that, as market awareness of the IS485 system's abilities grows, it will become an industry leading solution."

Graham Storey, CEO of Transense, commented, "We are delighted that following successful trials Fenjin has now ordered its first significant batch of systems. Fenjin was selected as a strategic partner in the region due to its significant position within the Chinese power industry and extensive customer base and we look forward to further commercial successes with its customers as the relationship develops."

 

For more information, please contact:

Transense Technologies plc

Tel: +44 (0) 1869 238 380

Graham Storey, Chief Executive

 

N+1 Brewin - Nominated AdviserAubrey Powell / Robert Beenstock

Tel: +44 (0) 20 3201 3710

 

Hybridan LLP - Broker

Tel: +44 (0) 20 7947 4350

Claire Noyce / Deepak Reddy

 

Newgate Threadneedle

Tel: +44 (0) 20 7653 9850

Caroline Evans-Jones / Robyn McConnachie

 

Notes to Editors

About Wuhan Fenjin Electric Power Technology Co., Ltd.

Wuhan Fenjin Electric Power Technology Co., Ltd was established in Wuhan in 1993, located on the shore of East Lake in Wuhan Optics Valley, China. It specialises in providing electric power system automation and electrical safety solutions to protect high-tech enterprises. It is currently involved in 863 joint venture projects and the National Electric Standardisation Technical Committee Operating Unit.

www.fenjin.com

 

About IntelliSAW

IntelliSAW, a trading division of Transense Technologies plc (AIM: TRT.L), develops and markets patent protected wireless, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications.

IntelliSAW's proprietary solution is wireless and does not require any power to the sensors, affording ease of installation and system commissioning while avoiding introducing any arcing or flashover concerns. Moreover the IntelliSAW system outputs data directly onto existing communication networks using standard protocols, allowing for instantaneous monitoring and control.

The IS485 platform brings an advanced feature set as compared to legacy solutions on the market today, including twelve independent sensor frequencies and four antenna connections per reader which combined allow for up to 48 sensors per system. Further innovative advances in interrogation protocols, differential sensor topology, and microcontroller architecture serve to resolve a number of known issues with existing solutions including sensor drop-out, challenging system set-up processes, positional dependence of sensor calibration, and non-compliance to high voltage application environments.

www.intellisaw.com

 

About Transense Technologies

 

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.

 

Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency of wind turbines.

 

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").

 

www.transense.co.uk

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDGGDUCUDBGDI
Date   Source Headline
2nd Jul 20121:00 pmRNSReplacement re Total Voting Rights
29th Jun 20124:20 pmRNSInterim Results
29th Jun 20124:20 pmRNSPlacing to raise £1.756 million
29th Jun 20127:00 amRNSTotal Voting Rights
25th Jun 20127:00 amRNSMichelin uses iProbe in new 'communicating' tyres
22nd Jun 201211:05 amRNSTranslogik further order from EDP
15th Jun 201210:47 amRNSStrategic Distribution Agreement in Saudi Arabia
12th Jun 20127:00 amRNSStrategic Distribution Agreement in Malaysia
11th Jun 20127:00 amRNSAppointment of Group Executive Finance Director
6th Jun 20124:41 pmRNSExercise of Warrants
31st May 201210:53 amRNSTotal Voting Rights
31st May 20127:00 amRNSiTrack success in southern Africa
29th May 20127:00 amRNSChinese partner places order worth over USD 500k
17th May 20127:00 amRNSFirst IntelliSAW customer in India
1st May 20122:23 pmRNSExercise of Warrants
11th Apr 20127:00 amRNSIntelliSAW confirmed orders of USD 550k
4th Apr 20127:00 amRNSBridgestone Brazil Update
23rd Mar 20127:00 amRNSExclusive Distribution Agreement for India
5th Mar 20124:30 pmRNSHolding(s) in Company
28th Feb 20127:00 amRNSIntelliSAW US Representative Agreement
23rd Feb 20127:00 amRNSTranslogik order from EDP for Michelin Euromaster
6th Feb 20127:00 amRNSBridgestone Brazil order for iProbe
3rd Feb 201212:46 pmRNSReplacement - Change of Adviser
1st Feb 20127:00 amRNSChange of Adviser
17th Jan 20127:00 amRNSIntelliSAW Volume Production Shipments
30th Dec 20117:00 amRNSTotal Voting Rights
28th Dec 201112:25 pmRNSHolding(s) in Company
23rd Dec 20119:01 amRNSChange of status to executive director and award
21st Dec 20112:00 pmRNSResult of Fundraising
13th Dec 20119:34 amRNSExtension of offer period
12th Dec 20117:00 amRNSExclusive Distribution Agreement in Brazil
8th Dec 20117:00 amRNSStrategic Partnership in China
7th Dec 20117:00 amRNSStrategic Partnership
23rd Nov 20117:00 amRNSOtraco iTrack Trial
21st Nov 201110:00 amRNSProposed Fundraising - Replacement
21st Nov 20117:00 amRNSProposed Fundraising
20th Oct 20117:00 amRNSContract - Pirelli Brazil
30th Sep 20117:00 amRNSHalf Yearly Report
28th Sep 20117:00 amRNSNew Trading Division
27th Sep 20117:00 amRNSShare Allotment
26th Sep 20117:00 amRNSUpdate
16th Sep 20118:38 amRNSDirector/PDMR Shareholding
16th Aug 201111:32 amRNSJoint Development Agreement - McLaren Electronics
23rd Jun 20092:48 pmRNSDirector/PDMR Shareholding
8th Jun 20097:00 amRNSRe Translogik Limited
29th Apr 20091:08 pmRNSJt Development with McLaren Electronic Systems Ltd
7th Apr 20097:00 amRNSFinal Results
6th Mar 200911:18 amRNSNotice of Preliminary Results
4th Feb 20095:00 pmRNSDirector/PDMR Shareholding
2nd Feb 20092:50 pmRNSGrant of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.