Re Agreement

Transense Technologies PLC
30 October 2001


Transense signs Licence agreement 
with TT electronics

Transense Technologies plc ('Transense') has signed a licence agreement with
TT electronics plc (TT) to use the Transense patented Surface Acoustic Wave
(SAW) technology in the development of a new generation of Electric Power
Assisted Steering (EPAS) systems for the automotive industry by TT.

Under terms of the agreement TT will pay a licence fee followed by royalties
on the sale of all steering systems incorporating Transense' technology, which
is protected by worldwide patents.

Transense is developing a wide range of sensor systems based on SAW devices
and the electronics which are needed to communicate with them.  A number of
other licence agreements have been signed for their use in tyre pressure
monitoring applications.

Jim Perry, CEO of Transense said last night: 'I am delighted that a supplier
of the stature of TT is endorsing our technology in this application.  Over
the past decade, their strategy has been focused on manufacturing high quality
products for the automotive industry and already more than 50% of all cars
produced in Europe and the USA incorporate a component or assembly
manufactured by TT.

'There is undoubtedly a large and growing market for EPAS systems, which are
much easier to install than hydraulic power steering units.  They are also
more cost effective and environmentally more desirable because they give up to
a 5% fuel saving over conventional hydraulic systems.  It is anticipated that
by the end of this decade EPAS will take over from hydraulics as the market
leader in assisted steering.

'We believe that the exciting new application which will be produced as a
result of these licence agreements, will keep TT at the forefront of power
steering electronics and maintains our strategy of making Transense a world
leader in developing and licensing SAW sensor technology in a variety of
applications'.

John Newman, Chairman of TT said last night: 'TT electronics has already
established world leadership in sensor technology and has successfully gained
first mover advantage within the steering wheel sensor market which is
reflected in our strong forward order book.  The licence to manufacture an
additional range of steering wheel sensors will ensure TT electronics remains
at the forefront of a market, which industry sources estimate will grow to
over 20 million units by 2010'.


For further information, please contact:

Jim Perry, CEO
Transense Technologies plc                       01869 238 380

Graeme Bayley
HSBC Investment Bank                             0207 336 9795

John Coyle
Clerkenwell Communications                       0207 713 0900
                                                 07770 687 370
                                                 07699 727 796 (pager)