The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 123.00
Bid: 121.00
Ask: 125.00
Change: -1.00 (-0.81%)
Spread: 4.00 (3.306%)
Open: 124.00
High: 124.00
Low: 123.00
Prev. Close: 124.00
TRT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Major iTrack Order from Otraco in Chile

27 Aug 2013 07:00

RNS Number : 4543M
Transense Technologies PLC
27 August 2013
 

27 August 2013

 Transense Technologies PLC

("Transense" or the "Company")

 

Major iTrack Order from Otraco in Chile

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik, has entered into a distribution agreement with Otraco Chile, a subsidiary of Otraco International (the world's leading provider of earthmover/off-the-road tyre management services to the mining industry), whose mining clients have immediately placed two major orders for two separate mines, for its iTrack mining vehicle monitoring system. The contracts are for a combined initial sale value of approximately £1 million, with on-going anticipated sales of £250,000 pa.

Graham Storey, CEO of Transense, commented, "We are delighted to have received another major order for Translogik's iTrack system, having recently secured our first major sale with Kumba Iron Ore in South Africa. Our engagement with Otraco began over two years ago and provides an indication of how long it can take to move from initial field trials to a live system deployment. The feedback we have received from Otraco at the various pilot sites has been invaluable in refining the iTrack system and making sure that it better meets the demands of the mining industry.

"Transense believes that the combination of improved safety and the rapid return on investment the system can provide through increased productivity and maximising tyre life, makes a very strong commercial case for mine operators to adopt the iTrack system. We now have large deployments in two of the world's largest mining regions with major operators, validating our own confidence in the value and operability of the system. The endorsement of companies such as Otraco has proved invaluable, and we expect the recent sales momentum to accelerate as further trials around the globe lead to live iTrack deployments."

For further information, please contact:

 

Transense Technologies plc

Tel: +44 1869 238 380

Graham Storey, Chief Executive

N+1 Singer - Nominated Adviser

Shaun Dobson, Aubrey Powell

Tel: +44 20 7496 3000

Newgate Threadneedle

Tel: +44 20 7653 9850

Caroline Evans-Jones, Robyn McConnachie

 

About Otraco South America

 

Otraco is the world's leading provider of earthmover/off-the-road tyre management services to the mining industry. Their world-class credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining houses in Australia, Asia, Africa and South and North America, Otraco has established an impressive track record since its inception in 1972.

 

http://www.otraco.com/

 

About iTrack

 

iTrack provides a rugged and reliable solution with a range of features that allows mine operators to track their vehicle's tyre temperature and pressure, speed, braking and location in real-time and receive early warning of potential problems or hazards.

 

The availability of live tyre and vehicle 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. In addition, the system allows for multiple concurrent geo-fence zones to be defined to ensure that vehicles are only operating in approved areas, further increasing the safety of the mine.

 

From a commercial perspective, by ensuring that tyres are correctly inflated and managed, tyre life is extended, fuel economy is improved and costly down-time from repairs and intervention is reduced, improving productivity. TKPH (Ton Kilometre Per Hour) calculations using loaded/unloaded weights and real-time route cycling allows tyres to be run at higher efficiency based on their TKPH rating (based on size, construction type, rubber compound and hours usage) without overheating or causing premature deterioration.

 

Alarms trigger when user configurable operational threshold levels, such as tyre temperature, are exceeded, providing early warning of potential tyre or vehicle failure.

 

 

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 SAWsense torque 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

 

 

About Translogik

 

Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road) and commercial vehicle markets

 

The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.

 

The Products have been designed to operate in the most hostile and demanding environments, such as mining, earth-moving and construction.

 

www.trans-logik.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTDMGZRRVKGFZM
Date   Source Headline
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
26th Oct 20127:00 amRNSAGM Statement
3rd Oct 20127:00 amRNSFinal Results and Notice of AGM
17th Sep 20127:00 amRNSExercise of Warrants
6th Sep 201212:30 pmRNSHolding(s) in Company
3rd Sep 20127:00 amRNSIntelliSAW Commercial Update
31st Aug 20123:00 pmRNSTotal Voting Rights
30th Aug 201211:07 amRNSHolding(s) in Company
28th Aug 20127:00 amRNSiTrack order from AutoRFID Solutions
3rd Aug 20129:46 amRNSAward of Options
2nd Aug 20124:45 pmRNSExercise of Warrants
2nd Aug 20124:13 pmRNSInitial Order from Anglo American
1st Aug 20125:45 pmRNSHolding(s) in Company
1st Aug 201211:28 amRNSResult of General Meeting and Placing
31st Jul 20123:40 pmRNSTotal Voting Rights
18th Jul 201211:20 amRNSExercise of Warrants
16th Jul 20127:00 amRNSStrategic Distribution Agreement in Peru
10th Jul 20129:35 amRNSExercise of Warrants
9th Jul 201211:08 amRNSHolding(s) in Company
6th Jul 20123:30 pmRNSPosting of Circular
4th Jul 201211:23 amRNSExercise of Warrants

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.