The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 8.00 (7.37%)
Spread: 3.00 (2.609%)
Open: 108.50
High: 117.50
Low: 107.00
Prev. Close: 108.50
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 Translogik iTrack Contract Win

8 May 2018 07:00

RNS Number : 2606N
Transense Technologies PLC
08 May 2018
 

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win in new Territory

 

Transense Technologies plc, the provider of sensor systems for the transportation and industrial markets, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a contract through its Ghanaian partner WATS (West African Tyre Services) to supply 16 iTrack II mining tyre monitoring systems for large haul trucks at SOMITA, a Nordgold mine in Burkina Faso.

These systems are to be supplied on a rental and service basis via WATS, which is a wholly owned subsidiary of Rana Motors & Metal Works Engineering Company Ltd. 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.

Vibi Chandra, Director, Sales & Services Director, OTR Tyres, WATS, said: "Having conducted extensive trials over the course of the last 18 months we have chosen iTrack because its combination of live alerts and extensive suite of data analytics is crucial to enhancing our offering as Tyre Service Providers. West Africa is a region with dozens of mines and hundreds of haul trucks and it is our intention to introduce our new enhanced service to our existing portfolio of mines as well as other mines across the region. We know these mines are very interested in the significant advantages we are now able to offer and we fully expect further advances and new contracts in the future."

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another mine in a new region to our growing list of iTrack users. WATS are a well established and highly regarded Tyre Service Provider in West Africa and with their depth of contacts we are hopeful of an accelerated rate of adoption as we move forward."

 

For further information, please visit www.transense.co.uk or contact:

 

Transense Technologies plc

Graham Storey, Chief Executive

 

Tel: +44 1869 238 380

finnCap (Nomad and Broker)

Ed Frisby, Giles Rolls (Corporate Finance)

Abigail Wayne, Camille Gochez (Corporate Broking)

 

Tel: +44 20 7220 0500

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 of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a 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 WATS

WATS is a leading provider of earthmover/off-the-road tyre management services to the mining industry. Their 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 companies in West Africa WATS has established an impressive track record.

 

http://www.watsltd.com/

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTFKODQPBKDBPK
Date   Source Headline
31st Mar 20235:00 pmRNSTotal Voting Rights
27th Mar 20237:00 amRNSGrant of share options to Director and employees
20th Mar 20238:49 amRNSTransaction in Own Shares & TVR
20th Mar 20237:00 amRNSTransaction in Own Shares & TVR
13th Mar 20232:49 pmRNSTransaction in Own Shares & TVR
13th Mar 20237:00 amRNSDirectorate and Management Changes
22nd Feb 202310:52 amRNSDirector/PDMR Shareholding - acquisition of shares
22nd Feb 20237:00 amRNSInterim Results & Investor Presentation
7th Feb 20237:00 amRNSNotice of Results & Investor Presentation
30th Dec 20227:00 amRNSTotal Voting Rights
19th Dec 20226:22 pmRNSDirector/PDMR Shareholding
7th Dec 20222:10 pmRNSHolding(s) in Company
5th Dec 20227:00 amRNSTransaction in Own Shares & TVR
1st Dec 202212:03 pmRNSResult of AGM
1st Dec 20227:00 amRNSAGM Trading Update
30th Nov 20225:00 pmRNSTotal Voting Rights
14th Nov 20222:51 pmRNSTransaction in Own Shares & TVR
31st Oct 20225:00 pmRNSTotal Voting Rights
24th Oct 20227:00 amRNSPosting of Annual Report & Notice of AGM
17th Oct 20227:00 amRNSTransaction in Own Shares & TVR
4th Oct 20221:44 pmRNSHolding(s) in Company
27th Sep 202211:05 amRNSSecond Price Monitoring Extn
27th Sep 202211:00 amRNSPrice Monitoring Extension
27th Sep 20227:01 amRNSShare Repurchase Programme
27th Sep 20227:00 amRNSFinal Results & Investor Presentation
13th Sep 20227:00 amRNSMoU with Meggitt SA for SAW in aerospace sector
12th Sep 20227:00 amRNSNotice of Results, Investor Pres, AGM & Site visit
5th Jul 20227:00 amRNSYear End Trading Update
4th Jul 20227:00 amRNSSAW update - Appointment of Technical Director
21st Jun 202211:21 amRNSDirector/PDMR shareholding – acquisition of shares
31st May 20225:00 pmRNSTotal Voting Rights
27th May 20227:00 amRNSTransaction in own shares & TVR
26th May 20223:57 pmRNSHolding(s) in Company
24th May 20227:15 amRNSTransaction in own shares & TVR
19th May 20227:00 amRNSTransaction in Own Shares & TVR
17th May 20227:00 amRNSTRT wins place on TDAP & £135k Grant
16th May 20227:00 amRNSTransaction in Own Shares & TVR
11th May 20227:00 amRNSSAW Update
9th May 20227:00 amRNSTransaction in own shares & TVR
3rd May 20227:00 amRNSTransaction in own shares & TVR
26th Apr 20228:54 amRNSTransaction in Own Shares
19th Apr 20227:00 amRNSTransaction in Own Shares
2nd Mar 20225:15 pmRNSHolding(s) in Company
28th Feb 20227:00 amRNSDirector/PDMR - acquisition of shares
22nd Feb 20227:02 amRNSGrant of share options to employees
22nd Feb 20227:01 amRNSShare Repurchase Programme
22nd Feb 20227:00 amRNSInterim Results & Investor Presentation
31st Jan 20227:00 amRNSNotice of Results & Investor Presentation
23rd Dec 20212:51 pmRNSHolding(s) in Company
22nd Dec 20214:11 pmRNSDirector/PDMR Shareholding

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.