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: 129.00
Bid: 124.00
Ask: 134.00
Change: 0.00 (0.00%)
Spread: 10.00 (8.065%)
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
30th Jul 20135:30 pmRNSIssue of Equity
11th Jul 20134:46 pmRNSOffer, Further Placing and Exercise of Options
8th Jul 201312:14 pmRNSHolding(s) in Company
2nd Jul 201312:27 pmRNSResult of General Meeting
2nd Jul 20137:00 amRNSGeneral Meeting Statement
13th Jun 20132:45 pmRNSHolding(s) in Company
12th Jun 20132:10 pmRNSHolding(s) in Company
10th Jun 20137:00 amRNSCompletion of First Placing & Exercise of Warrants
7th Jun 20137:01 amRNSPlacing and Offer for Subscription
7th Jun 20137:00 amRNSMajor iTrack Contract with Anglo American
28th May 201310:26 amRNSIntelliSAW order from partner ETT worth US$450,000
28th May 20137:00 amRNSTranslogik Probe Order From Dunlop Japan
13th May 20137:00 amRNSTranslogik two largest probe orders
10th May 20136:10 pmRNSExercise of Warrants
17th Apr 20134:00 pmRNSExercise of Warrants
15th Apr 201310:40 amRNSHolding(s) in Company
28th Mar 201312:21 pmRNSIssue of Equity
28th Mar 201312:20 pmRNSInterim Results
5th Mar 20137:00 amRNSIntelliSAW Update
15th Feb 20133:00 pmRNSExercise of Warrants
7th Feb 201311:00 amRNSExercise of Warrants
16th Jan 20134:05 pmRNSExercise of Warrants
30th Nov 20124:05 pmRNSTotal Voting Rights
27th Nov 20125:30 pmRNSExercise of Warrants
20th Nov 20123:05 pmRNSExercise of Warrants
8th Nov 20127:00 amRNSAppointment as Sole Broker
29th Oct 20125:00 pmRNSResult of AGM
29th Oct 20124:10 pmRNSReplacement: Change of Name of Nominated Adviser
29th Oct 20127:00 amRNSChange of name of Nominated Adviser & Joint Broker
26th Oct 20127:00 amRNSChange of Name of Nominated Adviser
26th Oct 20127:00 amRNSAGM Statement
3rd Oct 20127:00 amRNSFinal Results and Notice of AGM
17th Sep 20127:00 amRNSExercise of Warrants
6th Sep 201212:30 pmRNSHolding(s) in Company
3rd Sep 20127:00 amRNSIntelliSAW Commercial Update
31st Aug 20123:00 pmRNSTotal Voting Rights
30th Aug 201211:07 amRNSHolding(s) in Company
28th Aug 20127:00 amRNSiTrack order from AutoRFID Solutions
3rd Aug 20129:46 amRNSAward of Options
2nd Aug 20124:45 pmRNSExercise of Warrants
2nd Aug 20124:13 pmRNSInitial Order from Anglo American
1st Aug 20125:45 pmRNSHolding(s) in Company
1st Aug 201211:28 amRNSResult of General Meeting and Placing
31st Jul 20123:40 pmRNSTotal Voting Rights
18th Jul 201211:20 amRNSExercise of Warrants
16th Jul 20127:00 amRNSStrategic Distribution Agreement in Peru
10th Jul 20129:35 amRNSExercise of Warrants
9th Jul 201211:08 amRNSHolding(s) in Company
6th Jul 20123:30 pmRNSPosting of Circular
4th Jul 201211:23 amRNSExercise of Warrants

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.