Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

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
48.50    0.00 (0.00%)
Bid:
48.00
Ask:
49.00
Spread: 1.00 (2.083%)
Market Cap: £7.38m
TRT Live PriceLast checked at - London Stock Exchange

Intraday Transense Share Chart

Initial Order from Anglo American

2 Aug 2012 16:13

RNS Number : 2061J
Transense Technologies PLC
02 August 2012
 



2 August 2012

Transense Technologies plc

 

Initial Order from Anglo American subsidiary in South Africa for iTrack

 

Transense Technologies plc ("Transense") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that subsequent to recent successful field trials, its trading division, Translogik Limited ("Translogik") has received an initial order for its iTrack Tyre Temperature and Pressure Monitoring Systems for mining and off-the-road vehicles ("iTrack") from Kumba Iron Ore ("Kumba"), a wholly owned subsidiary of Anglo American Plc. This first batch of systems will be installed onto 29 large haul trucks at Kumba's Sishen mine in the country's Northern Cape Province, one of the seven largest open-pit mines in the world. It operates around the clock, twelve months a year, and in 2010 produced 41.3 million tons of iron ore.

 

Translogik now has a technical staff member permanently based in South Africa who will be responsible for training Kumba's tyre service provider in the installation process and ongoing support of the system. It is anticipated that the South African Translogik team will expand as further mines sign up for the iTrack system.

 

Graham Storey, CEO of Transense, commented: "This order from Kumba represents the first commercial success for Translogik's iTrack system in South Africa. Kumba is a leader in mine safety, committed to achieving a 'zero harm' policy for all its staff. The ability to monitor the tyre performance of all its vehicles 24/7 and receive instant notification of any potential hazardous situations will allow it to achieve greater levels of safety and efficiency throughout its mines."

 

 

For further 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 Kumba Iron Ore

 

Kumba Iron Ore Limited is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba is a member of the Anglo American plc group.

 

www.kumba.co.za

About Anglo American Plc

 

Anglo American are one of the world's largest mining companies. Its portfolio of high-quality mining assets and natural resources spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. It operates in Africa, Europe, South and North America, Australia and Asia. Headquartered in London with 107,000 permanent employees.

 

www.angloamerican.com

 

About Sishen Mine

Situated approximately 600 km west of Johannesburg in Northern Cape Province, Sishen mine has been operating since 1947. Ore is processed from in a single pit in two beneficiating facilities, with a lump-to-fine-ore ratio of 60:40, compared with 30:70 globally.

Sishen mine is Kumba's flagship operation and one of the seven largest open-pit mines in the world. It operates around the clock, twelve months a year, and in 2010 produced 41.3 million tons of iron ore.

Consistent product quality is ensured by blending and reclaiming products at the mine before they are dispatched to customers. A state-of-the-art sampling plant at the Port of Saldanha analyses and verifies the composition for further accuracy. With a proven mineral resource in June 2011, of 1,128 million tons, the mine has a life of more than 20 years at the current rate of production.

About iTrack

 

iTrack provides a rugged and reliable solution with a range of features that allow mine operators to track their vehicles in real-time and receive early warning of potential problems or hazards. This live data allows swift remedial action to be taken, which can be the difference between safe mine operation and a major incident. By ensuring the vehicle's tyres are operating within recommended temperature and pressure limits, iTrack brings increased levels of safety to both the vehicle drivers and the technicians that work on them. From a commercial perspective, by ensuring that tyres are correctly inflated, tyre life is extended and costly down-time from repairs and intervention is reduced, improving productivity.

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
 
 
MSCUUAVRUAAWRAR
Date   Source Headline
3rd Mar 201411:00 amRNSHolding(s) in Company
25th Feb 20141:55 pmRNSDirector Dealing
21st Feb 201412:40 pmRNSExercise of Warrants
5th Feb 20146:20 pmRNSExercise of Warrants
5th Feb 20147:00 amRNSAward of Options
4th Feb 20147:00 amRNSInterim Results
7th Nov 20136:28 pmRNSExercise of Warrants
29th Oct 20133:25 pmRNSHolding(s) in Company
11th Oct 20134:05 pmRNSResult of AGM
11th Oct 20137:00 amRNSAGM Statement and Directorate Change
7th Oct 201312:06 pmRNSHolding(s) in Company
20th Sep 20139:54 amRNSDirector/PDMR Shareholding
19th Sep 20139:41 amRNSExercise of Warrants
17th Sep 20133:54 pmRNSPosting of Accounts and Notice of AGM
16th Sep 20137:00 amRNSFinal Results
3rd Sep 20134:20 pmRNSHolding(s) in Company
27th Aug 20137:00 amRNSMajor iTrack Order from Otraco in Chile
20th Aug 20135:52 pmRNSExercise of Warrants and Exercise of Options
1st Aug 20135:40 pmRNSExercise of Warrants
1st Aug 20137:00 amRNSTrading Update and Notice of Results
30th Jul 20135:30 pmRNSIssue of Equity
11th Jul 20134:46 pmRNSOffer, Further Placing and Exercise of Options
8th Jul 201312:14 pmRNSHolding(s) in Company
2nd Jul 201312:27 pmRNSResult of General Meeting
2nd Jul 20137:00 amRNSGeneral Meeting Statement
13th Jun 20132:45 pmRNSHolding(s) in Company
12th Jun 20132:10 pmRNSHolding(s) in Company
10th Jun 20137:00 amRNSCompletion of First Placing & Exercise of Warrants
7th Jun 20137:01 amRNSPlacing and Offer for Subscription
7th Jun 20137:00 amRNSMajor iTrack Contract with Anglo American
28th May 201310:26 amRNSIntelliSAW order from partner ETT worth US$450,000
28th May 20137:00 amRNSTranslogik Probe Order From Dunlop Japan
13th May 20137:00 amRNSTranslogik two largest probe orders
10th May 20136:10 pmRNSExercise of Warrants
17th Apr 20134:00 pmRNSExercise of Warrants
15th Apr 201310:40 amRNSHolding(s) in Company
28th Mar 201312:21 pmRNSIssue of Equity
28th Mar 201312:20 pmRNSInterim Results
5th Mar 20137:00 amRNSIntelliSAW Update
15th Feb 20133:00 pmRNSExercise of Warrants
7th Feb 201311:00 amRNSExercise of Warrants
16th Jan 20134:05 pmRNSExercise of Warrants
30th Nov 20124:05 pmRNSTotal Voting Rights
27th Nov 20125:30 pmRNSExercise of Warrants
20th Nov 20123:05 pmRNSExercise of Warrants
8th Nov 20127:00 amRNSAppointment as Sole Broker
29th Oct 20125:00 pmRNSResult of AGM
29th Oct 20124:10 pmRNSReplacement: Change of Name of Nominated Adviser
29th Oct 20127:00 amRNSChange of name of Nominated Adviser & Joint Broker
26th Oct 20127:00 amRNSChange of Name of Nominated Adviser

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.