Further Translogik iTrack Contract Win

RNS Number : 6761J

Transense Technologies PLC

09 April 2015

 



9^th April 2015

 Transense Technologies PLC

("Transense" or the "Company")

Further Translogik iTrack contract win

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik, has won a contract to supply its iTrack mining tyre monitoring systems to the entire fleet of 46 large haul trucks at the Spence copper mine in Chile, owned by BHP Billiton.

The iTrack systems will be supplied using Translogik's new rental pricing scheme. This scheme has only recently been offered as a new option for potential customers and appears to be gaining traction.

Through this agreement, Translogik will receive ongoing monthly payments, per vehicle fitted with iTrack. This deployment will be supported by Translogik's newly formed Chilean company which is based in Antofagasta. Chile is a key market for iTrack, with over 2,000 large haul trucks currently operating. Having local technical sales expertise available to provide rapid customer support has been very important in building strong client relationships with the major mining and mine service companies and has been a significant factor in closing this deal with BHP Billiton, as well as securing a further ten system rentals with Otraco Chile in recent weeks.

Graham Storey, CEO of Transense said "We are delighted to be adding BHP Billiton to our growing list of major mining clients for iTrack. The new rental model is now beginning to generate a meaningful and growing ongoing revenue stream."

Juan Luis Carmona, Technical Sales Manager for Translogik in Chile said "We are delighted that iTrack has been selected as the preferred solution for BHP Billiton's Spence mine fleet against competing tyre temperature and pressure monitoring systems. BHP Billiton have several large mine fleets in the region and we are hopeful that the productivity and safety benefits provided by having real-time tyre data will open up further opportunities for us."

For further information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Singer - Nominated Adviser and Broker Aubrey Powell, Alex Wright	Tel: [phone]
IFC Advisory Tim Metcalfe, Graham Herring	Tel: [phone]

About BHP Billiton and the Spence Copper Mine

BHP Billiton's Spence copper cathode project is located 1,700m above sea level in the Atacama Desert in northern Chile, close to the mining town of Sierra Gorda, 50km south west of Calama and 150km north east of Antofagasta.

BHP Billiton is a leading global resources company.  Its purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources.

It is amongst the world's largest producers of major commodities, including aluminium, coal, copper, iron ore, manganese, nickel, silver and uranium, and has substantial interests in oil and gas. 

http://www.bhpbilliton.com

About Translogik

Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road) and commercial vehicle markets

The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.

The Products have been designed to operate in the most hostile and demanding environments, such as mining, earth-moving and construction.

www.trans-logik.com

About iTrack

Translogik's iTrack system provides a rugged and reliable solution with a range of features that allows mine operators to track their vehicle's tyre temperature and pressure, speed, braking and location in real-time and receive early warning of potential problems or hazards.

The availability of live tyre and vehicle data allows swift remedial action to be taken, which can be the difference between safe mine operation and a major incident. By ensuring the vehicle's tyres are operating within recommended temperature and pressure limits, iTrack brings increased levels of safety to both the vehicle drivers and the technicians that work on them. In addition, the system allows for multiple concurrent geo-fence zones to be defined to ensure that vehicles are only operating in approved areas, further increasing the safety of the mine.

From a commercial perspective, by ensuring that tyres are correctly inflated and managed, tyre life is extended, fuel economy is improved and costly down-time from repairs and intervention is reduced, improving productivity. TKPH (Ton Kilometre Per Hour) calculations using loaded/unloaded weights and real-time route cycling allows tyres to be run at higher efficiency based on their TKPH rating (based on size, construction type, rubber compound and hours usage) without overheating or causing premature deterioration.

Alarms trigger when user configurable operational threshold levels, such as tyre temperature, are exceeded, providing early warning of potential tyre or vehicle failure.

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global electrical Smart Grid applications market, the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its three trading divisions, IntelliSAW, Translogik and the newly established SAWSense, respectively.

Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency and reliability of wind turbines.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").

www.transense.co.uk

 

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