AGM Statement

Transense Technologies PLC
21 May 2004


Date:             21st May 2004
On behalf of:     Transense Technologies plc
Embargoed until:  1200hrs



Transense Technologies plc
AGM Statement


The following statement will be made by the Chairman of Transense Technologies
plc, Peter Woods, at the Company's Annual General Meeting, which is due to be
held at 11:30hrs today:

'Opportunities are running at an increased rate over last year and we are at an
advanced stage in several licence negotiations. I anticipate that at least one
new licence with a major Company will be signed in the near future.

'Apart from Tyre Pressure Monitoring Systems we now have seven torque
application projects under negotiation. I am not saying that these will all come
to fruition but the feedback we are getting from licensees such as Honeywell and
Melexis is very positive.

'We are finding that now, with the active support of our major supply licensees,
we are able to give joint presentations to tier one major suppliers and the
vehicle manufacturers themselves. Our technology is being received favourably
and more doors are beginning to open.

'Most of what we do with our licensees is covered by strict confidentiality
agreements, therefore I cannot say very much. However, it is pleasing to be able
to report that we have recently received an advanced royalty payment from
Michelin which demonstrates that company's ongoing commitment to the tyre
pressure-monitoring program we have with them.'



Enquiries to:

Transense
James Perry, Chief Executive
[e-mail]                                   Tel: [phone]
www.transense.co.uk

Redleaf Communications
Emma Kane, Chief Executive                                    Tel: [phone]
[e-mail]                                              Mob: [phone]



Notes to Editors:
     
•    Transense was founded in 1991 and its shares were listed on AIM in 1999;
     
•    Transense's technology is divided into two business streams:  Torque
     measurement and Pressure measurement;

•    Current licensees of Transense's technology include SmarTire, 3DM,
     Michelin, Honeywell, Temex Microsonics, Tai-Saw and TT electronics;

•    Further information on Transense is available at the Company's
     website at www.transense.co.uk



                      This information is provided by RNS
            The company news service from the London Stock Exchange