Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTransense Regulatory News (TRT)

Share Price Information for Transense (TRT)

Share Price is delayed by 15 minutes
Get Live Data
56.50    0.00 (0.00%)
Bid:
53.00
Ask:
60.00
Spread: 7.00 (13.208%)
Market Cap: £8.52m
TRT Live PriceLast checked at - London Stock Exchange

Intraday Transense Share Chart

Update

26 Sep 2011 07:00

RNS Number : 8790O
Transense Technologies PLC
26 September 2011
 



Transense Technologies plc (the 'Company' or 'Transense')

 

Transense is pleased to announce that subsequent to recent commercial developments, General Motors Company ('GM') can be identified as the end-customer for the torque drive-line 'flexplate' sensor, using the Company's patented SAW ('Surface Acoustic Wave') technology. The Flexplate project for evaluation of Transense's SAW torque sensor technology began in 2004. Originally developed for use in eight-cylinder engines, GM has expanded the project to also include its four and six-cylinder family of engines.

As part of this process Transense has successfully negotiated a variation of the otherwise exclusive licence to Honeywell, permitting Transense to deal directly with various named companies including GM preferred Tier 1 suppliers. Since then discussions about the technology have commenced between Transense and a Tier 1 supplier permitted under the Honeywell variation agreement.

The flexplate is an integral part of the vehicle powertrain control system and has the potential to improve vehicle driveability, reduce fuel consumption and improve transmission shift quality. This will be the first time a propulsion system has been able to measure engine torque 'live', enabling optimal control to be maintained throughout a vehicle's life. Current torque management systems rely on simulated models derived from production engine testing which can differ from the actual engine torque output over time. The new flexplate technology provides continuous real-time torque measurement allowing actual torque measurement on a per-vehicle basis for maximisation of engine efficiency.

GM is currently evaluating further applications of the technology for real-time vehicle control.

Graham Storey, CEO of Transense commented: "We are delighted to be able announce GM as the partner Transense have been working with on the Flexplate project since 2004. Gaining such a strong endorsement of our SAW sensor technology from an engineering team as highly regarded as GM's, reaffirms our belief in the commercial potential of our core technology and supporting patent portfolio. The complexity, level of testing required and technical challenges we have overcome in bringing such a significant new technology to this stage of development cannot be underestimated, and it is testament to both GM's and Transense's technical teams that the project has progressed comparatively quickly."

 

 

For more information, please contact:

 

 

Transense Technologies plc Tel: +44 (0) 1869 238 380

 

Graham Storey, Chief Executive

 

 

Brewin Dolphin - Nomad

 

Neil Baldwin Tel: 0845 213 4726

 

 

Hybridan LLP - Broker

 

Claire Noyce Tel: +44 (0) 207 947 4350

 

 

 

 

 

 

 

 

Notes to Editors

 

 

About Transense

 

Transense Technologies is a technology transfer company based in Upper Heyford, Oxfordshire, UK.

 

Transense develops Surface Acoustic Wave (SAW), wireless, battery less, sensor systems in partnership with its licensees and partners, Honeywell, Melexis, Michelin, SenGenuity, Stack, Tai-Saw, Texas Instruments, SCHOTT, McLaren Electronic Systems and Carbon Motors.

 

Current applications include Tyre Pressure Monitoring Systems (TPMS) and torque systems for Electrical Power Assisted Steering (EPAS) and driveline management.

 

Transense is listed on the Alternative Investment Market of the London Stock Exchange (TRT)

 

www.transense.co.uk

 

About GM

General Motors Company (NYSE:GM, TSX: GMM), one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. GM's largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada and Russia. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLFFEIARIEFIL
Date   Source Headline
21st Sep 20167:00 amRNSFinal Results
25th Aug 20167:00 amRNSInvestor Event
16th Aug 20167:00 amRNSNotice of Results
18th Jul 20167:01 amRNSTrading Update
18th Jul 20167:00 amRNSLicence Agreement with GE
9th Mar 20162:55 pmRNSHolding(s) in Company
2nd Mar 20167:00 amRNSInterim Results
16th Dec 20157:00 amRNSTranslogik Contract Win with Continental
16th Nov 20153:55 pmRNSResult of AGM
16th Nov 20157:00 amRNSAGM Statement
22nd Oct 20157:00 amRNSDirector Dealing
21st Oct 20157:00 amRNSSale of IntelliSAW Division for US$5m
8th Oct 20157:00 amRNSNotice of AGM and Posting of Accounts
28th Sep 20157:00 amRNSPreliminary unaudited results
13th Aug 20157:00 amRNSNew Translogik iTrack Contract Win
29th Jul 201512:36 pmRNSHolding(s) in Company
27th Jul 20151:30 pmRNSResult of General Meeting
27th Jul 20157:00 amRNSGM Statement & Result of Offer for Subscription
16th Jul 20157:00 amRNSRe: Open Offer
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

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.