Last checked at 12 Nov 2008 11:50
12 November 2008
Transense Technologies plc (the "Company")
Update re Vectron International
Transense Technologies plc ("Transense") is pleased to announce that its licensee, Vectron International, will be using Transense's wireless interrogator technology in its TFSS433D SAW temperature sensor, a complete end-to-end wireless passive temperature sensing solution being developed for a wide range of OEM applications.
"At SenGenuity we are committed to providing our customers with leading edge technologies and products. Our latest collaboration with Transense affords OEMs a complete passive and wireless temperature sensing solution in a wide range of application environments," said Tom Cunneen, Vice President and General Manager, SenGenuity. "The TFSS433D is a highly accurate batteryless temperature sensor that enables OEMs to integrate precision wireless temperature measurement within their product platforms and provide highly differentiated advanced sensing solutions across a multitude of applications and markets."
"Transense is delighted to be working with SenGenuity in bringing additional sensor capabilities and functionalities to the wireless temperature sensing market," said Graham Storey, Commercial Director, Transense Technologies plc. "A key component of our new business strategy is to seek additional routes to market for our technology, in order to gain greater control over our revenue streams. We believe this latest development offers near term opportunities in a variety of high value markets within the industrial sector. Use of our interrogation electronics in conjunction with third party sensor products represents an entirely new revenue source within our portfolio, leveraging existing investment from our research and development program."
Vectron International's announcement to the market can be found at:
http://www.vectron.com/whatsnew/pr111108b.htm
Contact:
Transense Technologies plc
Norman Smith / Melvyn Segal 01869 238 380
Brewin Dolphin Investment Banking
Neil Baldwin 0113 241 0126