Transense: Automotive Sensor IPR for Honeywell, Michelin & The World.

Eddie - I'm in the queue with you on your comments concerning Michelin. I believe there's a tendency for people to read and then forget information with the passage of time and then jumble up what evidence remains in their mind so that it loses some of its perspective. This can be particularly true when thoughts are clouded by a SP that has not performed as expected, such as is the case with TRT being at the same level now as it was just over a year ago. I may have been in a camp of 1 for some while in believing that there would be no Michelin RNS until Q1-06 and I remain undecided whether there will even be an official launch announcement by them, suggesting as I have that it's equally likely that e-Tire is being rolled out in a quiet, controlled fashion?

I likewise agree with you that revenue for TRT during 2006 is not really an important issue, in fact I view it almost as an irrelevance. What will primarily tickle investors fancy is RNS confirmation that major alliances are in place with forthcoming production plans - the revenue becomes a given after that.

Many shareholders may feel frustrated at TRT's perceived slow progress from patented technolocy through to commercial production and express annoyance with TRT for this, but ignore the 2 yrs-3 mts delay so far caused by the Tread Act still in dispute in the US Appeals Court. Also not appreciated because it harms the short-term SP is the major benefits being gained for TRT by The Ralph Nader founded organisation, "Public Citizen". They are chiefly responsible for ensuring that car makers must use direct-type TPMS' and not the inferior indirect model that would have excluded TRT from the main market. The tyre manufacturers joined with "PC" in the current legal action that replacement tyres must also be TPMS fitted and that much stricter tyre pressure monitoring be required than the proposed Act specifies. A positive legal outcome will save thousands of lives on the roads and will add many millions of pounds to TRT's future revenues, but the cynic in me believes that some punters would much rather have any Act in force now to immediately boost TRT's SP in order to turn a nice profit and move on to their next bet.



I would draw attention to the fact that although Temex signed a licensee contract for SAW devices with TRT on 5 Feb 03, they had already been manufacturing and testing the product for 'over a year' before this legal formality. Both Honeywell & Michelin also had working arrangements and ongoing negotiations with TRT for over a year before their involvement became official. I mention this as many investors have the mistaken impression that things only progress AFTER contracts are signed, whereas it's quite common for prospective partners to conduct joint-arrangements for lengthy periods before it becomes public knowledge with signatures. Although TRT has not recently released some magic RNS with a major player as all shareholders have hoped and many punters seek as absolute investment assurances, TRT is extremely busy in numerous cooperative activities with Tier 1's and OEM's that all have the potential of being big revenue earners in time. It's all down to that boring old word that everyone knows and dislikes - patience!

Finally, it's interesting to note that following the Dec 20 spread-bet expiry date, we witnessed the rare occurance of 4 straight days of an unchanged TRT SP. To end the year, we then had a 2p rise of the Ask price on Thur in response to 40k shs bought (ignoring the 10k roll) and on Fri the Ask price was marked back down 2p on the sale of 26.6k shs. The trading volume of TRT shares is not exactly in the fast lane and it seems most unlikely that this will change until it becomes something more than basically our own little secret!