Last checked at 7 Aug 2017 07:00
Transense Technologies plc
("Transense" or the "Company")
New Translogik iTrack Contract Win with BHP in Australia
Transense Technologies plc, the AIM quoted company focused on patent-protected sensor systems and supporting technology, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a further contract through its Australian distributor, Brownfield Engineering and Maintenance PTY LTD ("Brownfield") to supply 26 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton Mitsui Coal South Walker Creek Mine ("SWC").
These systems are to be supplied on a rental and service basis 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.
Troy Martin of SWC said: "We initially chose iTrack after an extensive evaluation followed by a five month trial period. During the evaluation, we were very impressed with the reliability and performance of the TPMS System and the In-Tyre Sensors. With iTrack II, Translogik and Brownfield have developed a best in class system that adds significant benefits through its real time monitoring and reports generated to monitor and control trucks at our operation. iTrack II will further improve our productivity by maximising haul truck work rates as well as being a great addition to our safety initiatives at South Walker Creek Mine."
Darryl Crowder, CEO of Brownfield, said: "It's exciting to have the opportunity to show BHP what the iTrack II system has to offer. We have been working with SWC now for the past six months and the iTrack system has not missed a beat. It's a real testament to what can be achieved when everyone works together. We are very pleased to be working with BHP along with other global miners such as Glencore."
Graham Storey, CEO of Transense, said: "It's very gratifying to add another BHP mine to the growing list of iTrack users. By installing iTrack, SWC are minimising truck downtime and increasing average speeds, significantly improving overall truck productivity."
For further information please visit www.transense.co.uk or contact:
Transense Technologies plc Graham Storey, Chief Executive
| Tel: +44 1869 238 380 |
finnCap Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Alice Lane (Corporate Broking)
| Tel: +44 20 7220 0500 |
Beaufort Securities Elliot Hance (Corporate Broking)
| Tel: +44 20 7382 8300 |
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong | Tel: +44 20 3053 8671 |
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
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 maximises 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.
www.trans-logik.com/itrack-2/
About SWC
The South Walker Creek open cut coal mine is located in the Bowen Basin in Queensland, 35 kilometres from Nebo. It is situated 132 kilometres from the port at Hay Point from where its coal product is exported to its overseas customers. It consists of four open pits and has a capacity to produce 3.5 million tonnes of PCI (pulverised coal injection) quality coal and smaller amounts of thermal coal annually. The mine began production in 1995 as an open cut operation that still has its overburden removed with a single dragline and two excavators along with a fleet of rear dump trucks.
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
www.brownfield.com.au/home/
About Transense Technologies
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.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").
www.transense.co.uk