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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
25th Jun 20188:29 amRNSHolding(s) in Company
21st Jun 20182:33 pmRNSResult of General Meeting
31st May 20187:00 amRNSPlacing and Notice of General Meeting
8th May 20187:00 amRNSNew Translogik iTrack Contract Win
2nd Mar 201812:26 pmRNSStatement re joint broker
7th Feb 20187:00 amRNSInterim Results
5th Feb 20189:56 amRNSHolding(s) in Company
21st Dec 20171:09 pmRNSResult of AGM
21st Dec 20177:00 amRNSAGM Statement
18th Dec 201711:18 amRNSIssue of Equity
27th Nov 20179:29 amRNSContract Win
14th Nov 20177:00 amRNSNotice of AGM
26th Sep 20177:00 amRNSFinal Results
5th Sep 20177:00 amRNSNotice of Results
5th Sep 20177:00 amRNSInvestor Event
7th Aug 20177:00 amRNSNew iTrack Contract Win with BHP in Australia
31st Jul 20177:00 amRNSTrading Update
27th Jun 20177:00 amRNSAward of options
26th Jun 20177:00 amRNSGlencore - Further Contract Win
6th Jun 20177:00 amRNSDirector/PDMR Shareholding
5th Jun 20177:00 amRNSGlencore - Further Contract Win
4th Apr 20175:20 pmRNSHolding(s) in Company
29th Mar 20177:01 amRNSInterim results
29th Mar 20177:00 amRNSFurther Payment from General Electric
1st Mar 20177:00 amRNSInvestor Event
28th Feb 20171:54 pmRNSNotice of Results
27th Jan 20177:00 amRNSIssue of Equity
22nd Dec 20168:19 amRNSCapital Reduction
23rd Nov 20163:45 pmRNSResult of AGM & Share Consolidation
23rd Nov 20167:00 amRNSAGM Statement
21st Sep 20167:00 amRNSNotice of AGM
21st Sep 20167:00 amRNSFinal Results
25th Aug 20167:00 amRNSInvestor Event
16th Aug 20167:00 amRNSNotice of Results
18th Jul 20167:01 amRNSTrading Update
18th Jul 20167:00 amRNSLicence Agreement with GE
9th Mar 20162:55 pmRNSHolding(s) in Company
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16th Dec 20157:00 amRNSTranslogik Contract Win with Continental
16th Nov 20153:55 pmRNSResult of AGM
16th Nov 20157:00 amRNSAGM Statement
22nd Oct 20157:00 amRNSDirector Dealing
21st Oct 20157:00 amRNSSale of IntelliSAW Division for US$5m
8th Oct 20157:00 amRNSNotice of AGM and Posting of Accounts
28th Sep 20157:00 amRNSPreliminary unaudited results
13th Aug 20157:00 amRNSNew Translogik iTrack Contract Win
29th Jul 201512:36 pmRNSHolding(s) in Company
27th Jul 20151:30 pmRNSResult of General Meeting
27th Jul 20157:00 amRNSGM Statement & Result of Offer for Subscription
16th Jul 20157:00 amRNSRe: Open Offer

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