Transense Technologies PLC
19 May 2006
Transense Technologies plc ('Transense' or the 'Company')
AGM Statement
At the Company's AGM to be held at 11.30 a.m. today Ray Lohr, a Director of the
Company, will give a presentation to those shareholders in attendance at the
meeting. They key points of the presentation will be as follows:
1. Licence discussions with a Tier 1 supplier to the automotive industry,
announced with our preliminary results on 31 March 2006, are still in progress,
as are negotiations with a major electronics supplier. The company will make
further announcements regarding these negotiations in due course. Meanwhile,
collaboration on product development continues with both companies.
2. Our licensees are engaged in final system testing and we remain
confident that our tyre pressure monitoring technology will be launched in
commercial vehicles in the second half of this year.
3. With Honeywell manufacturing the TPMS 'buttons', and Melexis the RF
ASIC, Transense has been active in developing the aftermarket business.
Honeywell will shortly start supplying 'buttons' to Transense's motorsport
licensee, Stack, who have customers lined up across the range of motorsport.
Another aftermarket application is the development by Transense of a TPMS system
for runflat safety bands, a potentially large, dedicated business that has not
been possible to date with battery TPMS systems. These systems will be
manufactured by Honeywell.
4. Transense continues to pursue a growing number of significant
opportunities for its SAW technology in the measurement of torque for powertrain
control. It currently has four active projects with major OEMs for engine
flexplate, transmission output and rear driveshaft torque sensors.
5. The size of Transense's addressable market is large with over 1 billion
tyres and 60 million new vehicles per annum.
A full copy of the presentation given at today's AGM will be available shortly
on the Company's web-site www.transense.co.uk
For further information please contact:
James Perry, Chief Executive Tel: 01869 238 380
Transense Technologies plc
This information is provided by RNS
The company news service from the London Stock Exchange
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