REMINDER: Our user survey closes on Friday, please submit your responses 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: 116.50
Bid: 115.00
Ask: 118.00
Change: 0.00 (0.00%)
Spread: 3.00 (2.609%)
Open: 116.50
High: 116.50
Low: 116.50
Prev. Close: 116.50
TRT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

New iTrack Contract Win with BHP in Australia

7 Aug 2017 07:00

RNS Number : 2169N
Transense Technologies PLC
07 August 2017
 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTSSUSWMFWSESA
Date   Source Headline
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
1st Apr 20193:02 pmRNSResult of General Meeting
22nd Mar 201910:30 amRNSHolding(s) in Company
20th Mar 201910:02 amRNSHolding(s) in Company
15th Mar 20199:33 amRNSNotice of GM and Posting of Circular
14th Mar 20193:30 pmRNSEIS Advance Assurance and Total Voting Rights
13th Mar 20193:35 pmRNSInterim Results
13th Mar 20193:35 pmRNSPlacing & General Meeting
22nd Feb 20198:36 amRNSHolding(s) in Company
20th Feb 20198:30 amRNSiTrack Contract Win
18th Feb 20197:00 amRNSSignificant iTrack Order
4th Feb 20197:00 amRNSGE Aviation Contract Win
21st Dec 20181:22 pmRNSResult of AGM
21st Dec 20187:00 amRNSAGM Statement
21st Nov 20187:00 amRNSNotice of AGM
12th Nov 20187:00 amRNSTranslogik iTrack Contract Win in new Territory
9th Oct 20187:00 amRNSFinal Results
26th Sep 20187:00 amRNSNotice of Results
23rd Aug 20182:44 pmRNSHolding(s) in Company
1st Aug 20187:00 amRNSTrading Update

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.