Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTransense Regulatory News (TRT)

Share Price Information for Transense (TRT)

Share Price is delayed by 15 minutes
Get Live Data
56.50    0.50 (0.89%)
Bid:
56.00
Ask:
57.00
Spread: 1.00 (1.786%)
Market Cap: £8.60m
TRT Live PriceLast checked at - London Stock Exchange

Intraday Transense Share Chart

Glencore - Further Contract Win

5 Jun 2017 07:00

RNS Number : 0890H
Transense Technologies PLC
05 June 2017
Ā 

5 June 2017

Ā 

Transense Technologies plc

("Transense" or the "Company")

Ā 

Glencore - Further Contract Win

Ā 

Ā 

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won contracts through its Australian distributor, Brownfield Engineering and Maintenance PTY LTD ("Brownfield") to supply iTrack II mining tyre monitoring systems for large haul trucks to Glencore Mining ("Glencore").

The Company has previously announced that it won a contract through Brownfield to supply 23 iTrack mining tyre monitoring systems for large haul trucks to the Ravensworth mine, owned by Glencore. Since then, Glencore have been evaluating the iTrack system and have now approved the new iTrack II system for use in its mines. Orders have been signed to upgrade the existing iTrack systems at Ravensworth and add iTrack II to a further 40 trucks at Ravensworth (63 iTrack II systems in total).

These systems are to be supplied on a rental and service basis to Glencore via Brownfield. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost, while providing Translogik with a recurring revenue stream.

Darryl Crowder, CEO of Brownfield, said: "Ravensworth initially chose iTrack after a competitive trial which has been followed by extensive first hand experience. We are very pleased to have achieved this milestone and are excited about the potential for future growth with such a global company."

Graham Storey, CEO of Transense, said: "We are delighted to announce that Glencore are adding the recently released iTrack II system to their fleets and we look forward to our expanding relationship on an international basis with one of the largest mining companies in the world."

For further information please visit www.transense.co.uk or contact:

Ā 

Transense Technologies plc

Graham Storey, Chief Executive

Ā 

Tel: +44 1869 238 380

finnCap

Ed Frisby, Giles Rolls (Corporate Finance)

Tony Quirke, Alice Lane (Corporate Broking)

Ā 

Tel: +44 20 7220 0500

IFC Advisory

Tim Metcalfe, Graham Herring, Heather Armstrong

Tel: +44 20 3053 8671

Ā 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

Ā 

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the pressures and temperatures live and this information can for example be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximizes the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life up to 30% and fuel savings of up to 3%. Savings of this magnitude provide rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

http://www.trans-logik.com/itrack-2/

Ā 

About Glencore

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. They also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 155,000 people, including contractors. Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. They are an active participant in the Extractive Industries Transparency Initiative.

http://www.glencore.com/

Ā 

About Brownfield Engineering and Maintenance PTY LTD

Brownfield provides maintenance and operational support to major mining companies, with four facilities strategically positioned in the Bowen Basin, Surat Basin, Hunter Valley & Perth - Australia's premier mining locations.

Brownfield was formed with a focus on supporting the working assets of the mining sector and has been integrated into three key services offerings:

• Products: mining and associated products

• Engineering: engineering services to the mining industry

• Maintenance: mining maintenance services

http://www.brownfield.com.au/home/

Ā 

About Transense Technologies

Ā 

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 transport and mining industries, and the global torque, temperature and pressure sensing markets, via its two trading divisions,Translogik and SAWSense.

Ā 

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

Ā 

www.transense.co.uk

Ā 

This information is provided by RNS
The company news service from the London Stock Exchange
Ā 
END
Ā 
Ā 
CNTEAFKLEEXXEAF
Date   Source Headline
17th Dec 20201:19 pmRNSResult of AGM
17th Dec 20207:00 amRNSAGM Update, new Website & Investor Presentation
9th Dec 20207:00 amRNSEstablishment of SAW Commercial Advisory Panel
23rd Nov 20207:00 amRNSPosting of Annual Report and Notice of AGM
6th Nov 20203:38 pmRNSDirector/PDMR Shareholding
22nd Oct 20208:45 amRNSHolding(s) in Company
20th Oct 202012:09 pmRNSDirector/PDMR Shareholding
20th Oct 20207:00 amRNSFinal results for the year ended 30 June 2020
19th Oct 20207:00 amRNSChange of Nomad and Broker & AIM Rule 17 update
12th Oct 20207:00 amRNSNotice of Results and Investor Presentation
10th Sep 20207:00 amRNSFinal consideration for iTrack transfer
25th Aug 202010:23 amRNSDirector/PDMR Shareholding
24th Aug 20209:27 amRNSHolding(s) in Company (Replacement)
20th Aug 20205:02 pmRNSHolding(s) in Company
8th Jul 20204:16 pmRNSDirector/PDMR Shareholding
7th Jul 20203:38 pmRNSHolding(s) in Company
3rd Jul 202011:30 amRNSHolding(s) in Company
3rd Jul 20207:00 amRNSInvestor Presentation
1st Jul 20206:12 pmRNSHolding(s) in Company
26th Jun 20201:54 pmRNSDirector/PDMR Shareholding
26th Jun 20207:00 amRNSGrant of Options/PDMR Dealing
25th Jun 20204:41 pmRNSDirector/PDMR Shareholding
25th Jun 20202:10 pmRNSDirector/PDMR Shareholding
25th Jun 20207:01 amRNSStrategic Update
25th Jun 20207:00 amRNSBridgestone Granted Worldwide iTrack Licence
12th Jun 202010:40 amRNSUpdate relating to the JCA with Bridgestone
1st Jun 20207:00 amRNSUpdate relating to the JCA with Bridgestone
5th May 20202:39 pmRNSHolding(s) in Company
1st May 20207:00 amRNSUpdate relating to the JCA with Bridgestone
16th Mar 20207:00 amRNSFurther Working Capital Loan Agreement
20th Feb 20207:00 amRNSInterim Results
20th Feb 20207:00 amRNSInterim Results
19th Feb 20207:00 amRNSChanges to Board responsibilities
13th Feb 20207:01 amRNSNotice of Interim Results
13th Feb 20207:00 amRNSExtension to Agreement with Bridgestone
19th Dec 20194:14 pmRNSResult of AGM
19th Dec 20197:00 amRNSAGM Statement
19th Nov 20197:00 amRNSNotice of AGM
15th Nov 20194:53 pmRNSHolding(s) in Company
7th Nov 20191:13 pmRNSHolding(s) in Company
26th Sep 20197:00 amRNSFinal results for the year ended 30 June 2019
14th Aug 20199:09 amRNSHolding(s) in Company
13th Aug 20192:45 pmRNSAwards of Options
13th Aug 20197:00 amRNSJoint Collaboration Agreement with Bridgestone
30th Jul 20197:00 amRNSTrading Update
1st Jul 201912:02 pmRNSHolding(s) in Company
30th Apr 20194:10 pmRNSHolding(s) in Company
29th Apr 20198:52 amRNSHolding(s) in Company
26th Apr 20191:42 pmRNSHolding(s) in Company
4th Apr 201910:31 amRNSHolding(s) in Company

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.