focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 125.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 3.00 (2.419%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 125.50
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

13 Aug 2015 07:00

RNS Number : 9085V
Transense Technologies PLC
13 August 2015
 

13th August 2015

 

Transense Technologies plc

("Transense" or the "Company")

 

New Translogik iTrack Contract Win in Australia

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 won another contract through its Australian partner, Brownfield Engineering & Maintenance PTY LTD ("Brownfield").

The agreement is to supply 47 iTrack mining tyre monitoring systems for large haul trucks to the Saraji coal mine in the Bowen Basin, Queensland, owned by the BHP Billiton Mitsubishi Alliance (BMA). The contract includes the sale of equipment on a finance lease. In addition to the sale there will be income from service and rental for a minimum period of two years.

Graham Storey, CEO of Transense said "This is another significant contract win for Translogik's iTrack system in quick succession, after other recent wins with Glencore in Australia, and BHP in Chile. The new strategy of offering a range of payment methods, including rental and finance lease, appears to have eased the barrier to large-scale adoption within the mining industry and we look forward to further agreements in due course. "

Darryl Crowder, Managing Director of Brownfield said "The important role of tyre monitoring as part of a total safety and performance monitoring strategy within the mining sector is an increasingly major focus in Australia. We have received significant interest in the iTrack system due to its accuracy and ease of use compared to competing systems, and I am confident that this high level of enquiries will translate into further uptake."

 

For further information, please 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

IFC Advisory

Tim Metcalfe, Graham Herring, Heather Armstrong

Tel: +44 20 3053 8671

 

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 electrical Smart Grid applications market, the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its three trading divisions, IntelliSAW, Translogik and SAWSense, respectively.

 

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), commercial and passenger 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

 

About iTrack

 

Translogik's iTrack system 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 Brownfield Engineering and Maintenance PTY LTD

 

Brownfield provides maintenance and operational support to major mining companies. With three facilities strategically positioned in the Bowen 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

 

http://www.brownfield.com.au/home/

 

About Saraji Mine

 

The Saraji Coal Mine is a coal mine located near Dysart in the Central Queensland region of Australia. The mine has coal reserves amounting to 648 million tonnes of coking coal, one of the largest coal reserves in the world. The mine has an annual production capacity of 5 million tonnes of coal. It is located in the Bowen Basin an area with significant coal deposits and numerous mines.

 

Saraji mine utilises open-cast extraction methods. It is owned by the BHP Billiton/Mitsubishi Alliance (BMA). The mine has a total of 11 coal seams.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTPKBDKFBKDPFD
Date   Source Headline
27th Jul 20157:00 amRNSGM Statement & Result of Offer for Subscription
16th Jul 20157:00 amRNSRe: Open Offer
29th Jun 20157:00 amRNSPlacing and Offer for Subscription
1st May 20157:00 amRNSTranslogik Probe Used by Bosch
9th Apr 20157:00 amRNSFurther Translogik iTrack Contract Win
12th Mar 20157:00 amRNSRe Contract
9th Mar 20157:00 amRNSRe Contract
9th Mar 20157:00 amRNSHalf Yearly Report
6th Jan 20152:28 pmRNSHolding(s) in Company
30th Dec 201411:02 amRNSDirector Dealing
22nd Dec 20147:00 amRNSDirectorate Change
27th Nov 20145:42 pmRNSResult of AGM
27th Nov 20147:00 amRNSAGM Statement
20th Nov 20147:00 amRNSInitial OptiTread order for Snap-On Equipment
18th Nov 20144:46 pmRNSRelease of early warning PD detection system
28th Oct 20147:15 amRNSLaunch of 'Opti-Tread' with US partner
23rd Oct 20147:00 amRNSNotice of AGM and Posting of Accounts
23rd Sep 20141:00 pmRNSDirector Dealing
17th Sep 20147:00 amRNSPreliminary Results
16th Sep 20147:00 amRNSChange of Registered Office
8th Sep 20147:00 amRNSNotice of Results
10th Jul 201410:24 amRNSExercise of Warrants
13th Jun 20147:00 amRNSTrading Statement
4th Jun 20143:13 pmRNSExercise of Warrants and Exercise of Options
14th May 20145:30 pmRNSHolding(s) in Company
13th May 20145:30 pmRNSExercise of Warrants
30th Apr 20143:25 pmRNSExercise of Warrants
28th Mar 20145:32 pmRNSExercise of Warrants
10th Mar 20143:51 pmRNSHolding(s) in Company
7th Mar 20147:00 amRNSExercise of Warrants
3rd Mar 201411:00 amRNSHolding(s) in Company
25th Feb 20141:55 pmRNSDirector Dealing
21st Feb 201412:40 pmRNSExercise of Warrants
5th Feb 20146:20 pmRNSExercise of Warrants
5th Feb 20147:00 amRNSAward of Options
4th Feb 20147:00 amRNSInterim Results
7th Nov 20136:28 pmRNSExercise of Warrants
29th Oct 20133:25 pmRNSHolding(s) in Company
11th Oct 20134:05 pmRNSResult of AGM
11th Oct 20137:00 amRNSAGM Statement and Directorate Change
7th Oct 201312:06 pmRNSHolding(s) in Company
20th Sep 20139:54 amRNSDirector/PDMR Shareholding
19th Sep 20139:41 amRNSExercise of Warrants
17th Sep 20133:54 pmRNSPosting of Accounts and Notice of AGM
16th Sep 20137:00 amRNSFinal Results
3rd Sep 20134:20 pmRNSHolding(s) in Company
27th Aug 20137:00 amRNSMajor iTrack Order from Otraco in Chile
20th Aug 20135:52 pmRNSExercise of Warrants and Exercise of Options
1st Aug 20135:40 pmRNSExercise of Warrants
1st Aug 20137:00 amRNSTrading Update and Notice of Results

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.