Last checked at 15 Jun 2012 10:47
RNS For Release: Friday 15th June 2012
Al Mashariq Trading and Contracting Company and IntelliSAW Announce Strategic Distribution Agreement for the Kingdom of Saudi Arabia
Transense Technologies plc ("Transense") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, IntelliSAW, a leading provider of next generation wireless sensor systems for smart grid applications, has entered into a strategic distribution agreement with the Energy Projects & Services Division of Al Mashariq Trading and Contracting Company ("Al Mashariq"), headquartered in Dammam, in the Kingdom of Saudi Arabia. Al Mashariq is a leading and well-respected construction and project management company in the utilities market. Its Energy Projects & Services Division is focused on the power generation, distribution, protection and control fields of medium voltage networks for customers in the oil & gas, utility and industrial markets.
As part of this agreement Al Mashariq will provide distribution and services support for IntelliSAW's innovative wireless/passive temperature monitoring system in the Saudi Arabian market.
Saad Al Zahrani, President of Al Mashariq commented: "We see IntelliSAW as a strategic fit to the existing business model of the Energy Projects and Services Division, where its technology will further enhance the total package value that we bring to our customers. Our company is generally recognised as the 'go-to' source for solving difficult problems and with the addition of IntelliSAW's products to our portfolio we will further broaden the scope of solutions we provide."
Graham Storey, CEO of Transense, commented, "Having the opportunity to work with such a well established leader in the region's energy space is a great privilege for IntelliSAW and provides us with unique access to one of the major market areas for our technology. AL Mashariq's team comprises experienced professionals who will be instrumental in driving adoption of our solution in the Kingdom of Saudi Arabia. This market offers substantial industrial and petrochemical application opportunities for IntelliSAW and we are fortunate to have such a strong partner in this market. This collaboration will serve to expand our penetration in this area of the world."
For further information, please contact:
Transense Technologies plc | Tel: +44 (0) 1869 238 380 |
Graham Storey, Chief Executive | |
N+1 Brewin - Nominated AdviserAubrey Powell, Robert Beenstock | Tel: +44 (0)20 3201 3710 |
Hybridan LLP - Broker | Tel: +44 (0) 20 7947 4350 |
Claire Noyce, Tim Goodman, Deepak Reddy | |
Newgate Threadneedle | Tel: +44 (0) 20 7653 9850 |
Caroline Evans-Jones, Robyn McConnachie |
Notes to Editors
About Al Mashariq Company
Al Mashariq Company (AMC) was established as an Electrical Contracting Company in 1978. During the past 30 years AMC has become one of the leading contracting companies in Electrical, Electro-mechanical, Civil, Water and Tele-communications in the Kingdom.
www.almashariq.com
About IntelliSAW
IntelliSAW, a trading division of Transense Technologies plc (AIM: TRT.L), develops and markets patent protected wireless, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications.
IntelliSAW's proprietary solution is wireless and does not require any power to the sensors, affording ease of installation and system commissioning while avoiding introducing any arcing or flashover concerns. Moreover the IntelliSAW system outputs data directly onto existing communication networks using standard protocols, allowing for instantaneous monitoring and control.
The IS485 platform brings an advanced feature set as compared to legacy solutions on the market today, including twelve independent sensor frequencies and four antenna connections per reader which combined allow for up to 48 sensors per system. Further innovative advances in interrogation protocols, differential sensor topology, and microcontroller architecture serve to resolve a number of known issues with existing solutions including sensor drop-out, challenging system set-up processes, positional dependence of sensor calibration, and non-compliance to high voltage application environments.
www.intellisaw.com
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.
Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency of wind turbines.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").
www.transense.co.uk