Last checked at 30 Apr 2024 07:00
Transense Technologies plc
("Transense" or the "Company")
Transense secures role in project developing next generation aircraft landing gear with Airbus
Transense Technologies plc, is pleased to announce that it has formally joined an Aerospace Technology Institute supported project, "LANDOne", with Airbus to provide SAWsense technology and support the development of next generation landing-systems technology.
LANDOne is a £37.8 Million project looking into new lighter, lower maintenance landing gear systems. Officially launched in 2022, Transense has joined the project due to the SAWsense technology potentially allowing critical measurements to be made that were not possible with other technologies.
Ryan Maughan, Managing Director of Transense said: "We are delighted to announce this new project with Airbus, building on our experience in the aerospace sector, and using SAWsense technology in an entirely new application for landing-systems. As well as developing cutting edge technology in this exciting application, the project allows Transense to build a relationship with world leading aerospace businesses."
The LANDOne project is part-funded by the Aerospace Technology Institute (ATI) Programme; a partnership between the ATI, the Government's Department for Business & Trade and Innovate UK (part of UK Research and Innovation). The ATI Programme provides funding for research & technology projects that maintain and grow the UK's competitive position in civil aerospace.
For further information please visit www.transense.com or contact:
Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO) | Via Walbrook PR |
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Stefano Aquilino / Tony Quirke (Sales & Corporate Broking) | Tel: +44 (0)20 3328 5656 |
Walbrook PR Tom Cooper/Nick Rome/Joe Walker | Tel: +44 (0)20 7933 8780 Transense@walbrookpr.com |
Notes to Editors:
Transense is a developer of specialist sensor technology and measurement systems. The Company has two active business divisions:
· SAWsense, developing Surface Acoustic Wave (SAW) sensor technology, to improve performance, reliability and efficiency in focus markets of aerospace, automotive, robotics and industrial machinery; and
· Translogik a range of smart, connected tyre inspection and management equipment, used by leading tyre manufacturers, dealers and fleet operators to reduce costs and improve safety.
In addition, the Company earns residual royalty income from iTrack, a tyre condition and performance monitoring system, that was licenced to Bridgestone Corporation for a ten year period in 2020, expiring in 2030.
The Group's strategy is to deliver shareholder value through the delivery of sustainable revenue growth from its business divisions. Transense is successfully commercialising its IP and know-how, supporting its customers to develop applications for its key technologies, generating revenues through licensing, the supply of engineering services and product hardware.
Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999. www.transense.com
For further information please contact transense@walbrookpr.com.