Translogik two largest probe orders

RNS Number : 5037E

Transense Technologies PLC

13 May 2013

 

Transense Technologies plc

Two largest single orders of Translogik tyre inspection probes

Transense Technologies plc ("Transense" or the "Company") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce its trading division, Translogik, has received its two largest single orders to date, totalling 320 units, for its commercial truck tyre inspection tools. The orders are from its French partner and Value Added Reseller (VAR), EDP, and an existing North American VAR.

These orders, combined with other sales for the first five months of 2013, take the Company's total probe sales to over four times the comparable six month period of last year (January - June 2012).

The probes are being supplied by these VARs to a French tyre service provider, and to one of the largest haulage companies in the United States respectively. These sales represent a significant jump in the scale of orders received from end-users. The US haulage company operates thousands of vehicles nationally and has the potential to generate further repeat orders of a similar size.

Jean-Luc Giusti, CEO of EDP, commented:"The value of Translogik's unique data capture technology has been known to us for some time. After a protracted period of testing and pilots, greatly prolonged by the economic slowdown, we are now seeing the beginning of what we believe will become a growing demand for our system which incorporates the Translogik wireless tyre inspection probe. This system has a simple customer propostion - it increases efficiency and saves customers money. In addition to prolonging the life of the tyre, being able to quickly and accurately monitor for correct inflation levels reduces the incidence of costly vehicle breakdowns and improves the health and safety of the drivers, and by implication, other road users."

Graham Storey, CEO of Transense, commented: "We are seeing a surge of interest in Translogik's products from fleet owners and service providers, looking to maximise the life of their tyres due to the rapid rises in the costs of tyres and fuel. This interest has begun to translate into significant orders.

"Integration of the probe with the electronic systems of large fleet companies can be a lengthy process but, once tested and approved for commercial use by end-customers, we are enjoying an increasingly successful conversion rate of pilots into material orders such as these.  With sales interest and momentum growing across a widening audience and user base, we anticipate further large scale adoption of Translogik tyre management solutions."

For further information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Singer - Nominated Adviser Shaun Dobson, Aubrey Powell	Tel: [phone]
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones, Robyn McConnachie

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 Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry 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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