SAW update - Appointment of Technical Director

RNS Number : 0673R

Transense Technologies PLC

04 July 2022

 

Reach: Non-regulatory announcement

Transense Technologies plc

("Transense")

SAW update - Appointment of Technical Director

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, is pleased to announce the appointment of Andy Bullock to the newly created position of Technical Director (non-Board). Andy has a demonstrable and proven record  leading the design and development of complex electronic solutions, and associated manufacturing processes for the energy, security, defence, and satellite sectors.

Andy's appointment will  enhance Transense' capability to support new and existing customers, helping them to adopt the Transense SAW technology in applications such as electric vehicle drive units and complex off-highway and industrial machinery.  Andy  joined on 01 July 2022, ensuring an efficient handover period with Victor Kalinin, Chief Scientist and Technologies Director, who plans to retire towards the end of this year.

Nigel Rogers, Executive Chairman of Transense, said: "We are delighted that Andy is joining Transense at this exciting time, with work underway on market, product and process development following our recent success with the Advanced Propulsion Centre funded Technology Developer Accelerator Programme.  He brings proven leadership credentials, a pragmatic results-orientated approach, and a wealth of relevant experience."

For further information please visit www.transense.com or contact:

Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO)	Via Walbrook PR
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Tony Quirke (Sales & Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper / Nick Rome	Tel: [phone] [e-mail]

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring.  Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense 's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.  www.transense.com

For further information please contact  [e-mail] .

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