By Jana Simmons

LONDON--Shares in Transense Technologies PLC (TRT.LN) rallied after the provider of sensor systems confirmed that it is developing new instrumentation applications utilizing its surface acoustic wave measurement, or SAW, technology with GE (GE).

"Working with an industry leading developer of world-class technology applications is exactly the right platform for Transense's SAW technology to enter the commercial environment," said Chief Executive Graham Storey.

Shares at 0715 GMT up 0.65 pence, or 46%, at 2.1 pence.

-Write to Jana Simmons at jana.simmons@wsj.com

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