Transense Regulatory News (TRT)

Transense Technologies plc

("Transense", or "the Company")

Establishment of SAW Commercial Advisory Panel

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces the formation of its SAW Commercial Advisory Panel ("SAWCAP" or the "Panel"), which met for the first time yesterday.

The newly formed SAWCAP has been established to provide advice to the Board and management in support of i) the development of commercial strategy; ii) the implementation of sales and marketing activities to promote revenue growth; and iii) to forge strategic alliances that enhance long term shareholder value, with a particular focus on the Company's Surface Acoustic Wave sensor technology. 

The members of SAWCAP bring together the experiences of individuals successful in the design, innovation and commercialisation of products across a wide range of technologies and end markets, in addition to thought leadership and strategic direction. Its membership includes:

Dr. Alan Lowdon

Alan has over 30 years' experience in international energy and utilities with senior roles including Rolls Royce Industrial Power, British Gas and Shell, and as Director of Technology & Innovation at the UK National Renewable Energy Centre. He currently has several interests, including as Professor in Practice at Durham University Energy Institute, Director of Strategic Development at the National Offshore Wind Institute, New Bedord, Massachusetts, and advisory roles at the US Department of Energy, Suez, the National Renewable Energy Laboratory and Innovate UK.

Ian Penny

Ian has 30 years' experience in engine engineering, propulsion systems and applications. He is currently an independent consultant and formerly worked at Ricardo where he was Global Product Group Director, Engines. Prior to this Ian was MD, Engine Business Unit at Ricardo, where he led all aspects covering passenger car, light and heavy commercial and off road vehicles.

Matthew Richards

Matthew is Managing Director of Steatite, the manufacturing division of Solid State plc. Matthew has over 30 years' experience in defence electronics, including previously as MD of API Technologies Corporation, an RF and Security solutions business.

Prof Dr-Ing Karl Viktor Schaller

Viktor is currently an Honorary Professor at the Technical University of Munich and Managing Director of kvs consulting. Previously, Dr. Schaller was the Executive Vice President Engineering of motorcycles at BMW AG from April 2014 to July 2019 and Technical Director of the Engineering Heavy Trucks division at MAN Truck and Bus SE until 2006. He then served as a Board Member at MAN and was responsible for product development, purchasing and planning. During his tenure at MAN from 1990 to 2009, he headed various departments including those responsible for development of alternative drive systems (batteries, various hybrids, natural gas, hydrogen in ICE and fuel cells) and heavy trucks.

Other associates

In addition, the Panel has the benefit of regular input from associates and consultants whose expertise covers other target market sectors, including automotive engineering in conventional and electric/hybrid, rail and marine.

Executive Chairman, Nigel Rogers, commented:

"We appreciate the keen support shown by members of our new Panel to commit their time in support of the ambitious growth plans for our SAW technology. Our Panel members have excellent credentials, and there are encouraging signs that this initiative will generate highly focused and profitable business development opportunities across our target market sectors.

"This is an exciting time for Transense given the benefits of the recent licensing deal with Bridgestone for iTrack and the financial stability that affords to pursue the potential in our SAW and Translogik technologies."

For further information please visit www.transense.com or contact:

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense's Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999. www.transense.com

For further information please contact transense@walbrookpr.com.

*About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as a regulatory announcement via RNS and not on Reach.