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22 Dec 2014 07:00
22 December 2014
Transense Technologies PLC
("Transense" or the "Company")
The Company announces that David Kleeman, the Deputy Chairman of the Company, will be retiring from the Board as Non-Executive Director with effect from 31 December 2014.
David joined the Board in December 2007 as Non-executive Chairman and served as Chairman until October 2013 when he decided to step down and become the Deputy Chairman.
The Chairman of the Company, David Ford said, "The Company is very grateful to David for all of his hard work and valuable contributions to the Company over the last seven years. He has been a very effective Chairman and Non-Executive Director and his presence will be sorely missed. We all wish him well in his retirement."
David Kleeman said, "I am pleased to have overseen the development of Transense into a company with an impressive range of products which are attracting keen interest from an wide range of significant potential customers worldwide. I have been at the Company for 7 years and feel that now is an appropriate time for me to retire. I wish the Company every success in the future."
For further information, please contact:
Transense Technologies plc | Tel: +44 1869 238 380 |
Graham Storey, Chief Executive | |
N+1 Singer - Nominated Adviser and BrokerAubrey Powell, Tom Smale | Tel: +44 20 7496 3000 |
Newgate Threadneedle | Tel: +44 20 7653 9850 |
Tim Thompson, Robyn McConnachie |
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 three wholly owned divisions, IntelliSAW, Translogik and SAWSense, Transense is targeting the high growth global electrical Smart Grid applications market, the automotive and mining industries, and torque, temperature and pressure sensing markets 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 and reliability 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
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