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Pin to quick picksTransense Regulatory News (TRT)

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Significant iTrack Order

18 Feb 2019 07:00

RNS Number : 2849Q
Transense Technologies PLC
18 February 2019
 

Transense Technologies plc

("Transense", the "Company" or the "Group")

 

Significant iTrack Order

 

Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, is pleased to announce that a customer (the "Customer") has placed an order for 50 iTrack II units for installation in mines in North America.

Graham Storey, CEO of Transense, commented: "We are delighted with this new relationship. The Customer is a major supplier to the mining marketplace and their decision to adopt iTrack II after extensive testing is a very gratifying endorsement of the capabilities of Translogik and the iTrack II system. While there is no actual further commitment in place, we anticipate that sales to the Customer will reach very substantial levels by the end of our next financial year. We look forward to working closely with them both providing iTrack II to their customers and also developing further enhancements and improvements in the future."

 

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

 

Transense Technologies plc

Graham Storey, Chief Executive

 

Tel: +44 (0) 1869 238380

 

finnCap

Ed Frisby, Giles Rolls (Corporate Finance)

Tim Redfern (ECM)

 

Tel: +44 (0) 20 7220 0500

 

IFC Advisory

Tim Metcalfe, Graham Herring, Heather Armstrong

Tel: +44 (0) 20 3934 6630

 

 

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 on a subscription basis from day one.

 

www.trans-logik.com/itrack-2/

 

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 transport and mining industries, and the global torque, temperature and pressure sensing markets, via its 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

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
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 amRNSHalf Yearly Report
9th Mar 20157:00 amRNSRe Contract
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
30th Jul 20135:30 pmRNSIssue of Equity
11th Jul 20134:46 pmRNSOffer, Further Placing and Exercise of Options

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