Strategic Partnership in China

RNS Number : 5671T

Transense Technologies PLC

08 December 2011

 



Transense Technologies plc (the 'Company' or 'Transense')

Strategic Partnership in China

Transense (AIM: TRT), the provider of sensor systems for the transportation and industrial markets is pleased to announce that its trading division, IntelliSAW, has entered into a strategic partnership with Wuhan Fenjin Electric Power Technology Co., Ltd ('Fenjin'). Fenjin will provide value-added system integration services for IntelliSAW's innovative wireless/passive temperature monitoring system throughout China in electric power transmission and distribution systems. China has been identified by the Directors as a key geographical region for IntelliSAW. The partnership provides a foundation for the adoption of IntelliSAW's technology within China's high growth Smart Grid market. 

Fenjin is a supplier of critical test, control, and monitoring equipment for the electric power industry. Fenjin's twenty years of experience in the power industry has established it as a leading provider within the market.

Access to IntelliSAW's unique electrical switchgear temperature monitoring system will allow Fenjin to expand its portfolio of services into the Smart Grid arena where IntelliSAW's technology provides real-time, continuous monitoring of mission-critical electric power substation switchgear.

IntelliSAW's proprietary solution is wireless and does not require any power to the sensors affording ease of installation and system commissioning while avoiding introducing any arcing or flashover concerns. Moreover the IntelliSAW system outputs data directly onto existing communication networks using standard protocols allowing for instantaneous monitoring and control.

Mr. Henry Zhu, Director of Operations for Fenjin, noted "The IntelliSAW system incorporates several technology advances over legacy wireless solutions including a highly scalable number of sensors per system, flexibility in configuration, and ease of installation through design of the sensor modules and associated electronics. Fenjin's partnership with IntelliSAW is a very good fit with our strengths as a provider to the power industry and we believe it will enhance our position in the Smart Grid space."

Graham Storey, CEO of Transense, commented "During Transense's due diligence of potential partners for IntelliSAW in the Chinese market we identified Fenjin as possessing all the key attributes which we believe are critical to scaling the penetration of our solution within the market there. Our expectation is that Fenjin's existing resource base, business structure, and application expertise will lend itself toward a broad adoption of IntelliSAW's technology in Smart Grid applications. The Board is delighted at the speed with which IntelliSAW has brought its new switchgear monitoring products to launch and that the commercial value of Transense's patented sensor technology is being leveraged within yet another large emerging market sector."

For more information, please contact:

Transense Technologies plc                                             Tel: [phone]
Graham Storey, Chief Executive

IntelliSAW
Thomas Cunneen, Chief Executive                                Tel: [phone]

 Brewin Dolphin - Nomad

 Neil Baldwin                                                                           Tel: [phone]

Hybridan LLP - Broker

Claire Noyce / Tim Goodman / Deepak Reddy           Tel: [phone]

Notes to Editors

About Wuhan Fenjin Electric Power Technology Co., Ltd.

Wuhan Fenjin Electric Power Technology Co., Ltd was established in Wuhan in 1993, located on the shore of East Lake in Wuhan Optics Valley, China. It specialises in providing electric power system automation and electrical safety solutions to protect high-tech enterprises. It is currently involved in 863 joint venture projects and the National Electric Standardisation Technical Committee Operating Unit. 

www.fenjin.com

About IntelliSAW

IntelliSAW is a trading division of Transense Technologies, plc. which develops and markets wireless, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications.

www.intellisaw.com

About Transense

Transense Technologies is a technology transfer company based in Upper Heyford, Oxfordshire,  UK.

Transense  develops  Surface  Acoustic  Wave (SAW), wireless, battery-less,  sensor  systems  in  partnership  with its licensees and partners, Honeywell,  Melexis,  Michelin,  SenGenuity,  Stack, Tai-Saw, Texas Instruments, SCHOTT, McLaren Electronic Systems and Carbon Motors.

Current applications include Tyre Pressure Monitoring Systems (TPMS) and torque systems for Electrical Power Assisted Steering (EPAS) and driveline management.

Transense is listed on the Alternative Investment Market of the London Stock Exchange (TRT)

www.transense.co.uk

 

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