TIDMTRT
RNS Number : 2169N
Transense Technologies PLC
07 August 2017
Transense Technologies plc
("Transense" or the "Company")
New Translogik iTrack Contract Win with BHP in Australia
Transense Technologies plc, the AIM quoted company focused on
patent-protected sensor systems and supporting technology, is
pleased to announce that Translogik, its trading division providing
tyre management solutions, has won a further contract through its
Australian distributor, Brownfield Engineering and Maintenance PTY
LTD ("Brownfield") to supply 26 iTrack II mining tyre monitoring
systems for large haul trucks at the BHP Billiton Mitsui Coal South
Walker Creek Mine ("SWC").
These systems are to be supplied on a rental and service basis
via Brownfield. This method allows mining companies to benefit from
the productivity gains and overhead savings provided by using the
system without any of the associated capital cost, while providing
Translogik with a recurring revenue stream.
Troy Martin of SWC said: "We initially chose iTrack after an
extensive evaluation followed by a five month trial period. During
the evaluation, we were very impressed with the reliability and
performance of the TPMS System and the In-Tyre Sensors. With iTrack
II, Translogik and Brownfield have developed a best in class system
that adds significant benefits through its real time monitoring and
reports generated to monitor and control trucks at our operation.
iTrack II will further improve our productivity by maximising haul
truck work rates as well as being a great addition to our safety
initiatives at South Walker Creek Mine."
Darryl Crowder, CEO of Brownfield, said: "It's exciting to have
the opportunity to show BHP what the iTrack II system has to offer.
We have been working with SWC now for the past six months and the
iTrack system has not missed a beat. It's a real testament to what
can be achieved when everyone works together. We are very pleased
to be working with BHP along with other global miners such as
Glencore."
Graham Storey, CEO of Transense, said: "It's very gratifying to
add another BHP mine to the growing list of iTrack users. By
installing iTrack, SWC are minimising truck downtime and increasing
average speeds, significantly improving overall truck
productivity."
For further information please visit www.transense.co.uk or
contact:
Transense Technologies plc Tel: +44 1869 238
Graham Storey, Chief Executive 380
finnCap Tel: +44 20 7220 0500
Ed Frisby, Giles Rolls (Corporate
Finance)
Tony Quirke, Alice Lane
(Corporate Broking)
Beaufort Securities Tel: +44 20 7382 8300
Elliot Hance (Corporate
Broking)
IFC Advisory Tel: +44 20 3053 8671
Tim Metcalfe, Graham Herring,
Heather Armstrong
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
Notes to editors:
About iTrack II
The iTrack II Mining system provides fast, accurate, reliable
real-time data on the condition of the tyres, combined with live
tracking of vehicle location and status. Our 24/7 Control Room
monitors the pressures and temperatures live and this information
can for example be used to ensure tyres do not exceed critical heat
thresholds, detect incorrect load distributions, predict suspension
failures, eliminate manual tyre pressure checks and much more. All
of these benefits increase health and safety as well as reducing
maintenance and downtime, which maximises the hours a truck is
working (On-Road Truck Working Hours), which directly correlates to
an increase in production.
Existing iTrack users have reported increases in tyre life up to
30% and fuel savings of up to 3%. Savings of this magnitude provide
rapid return on investment with the iTrack system paying for itself
in a matter of months and where the rental option is chosen the
system will pay for itself from day one.
www.trans-logik.com/itrack-2/
About SWC
The South Walker Creek open cut coal mine is located in the
Bowen Basin in Queensland, 35 kilometres from Nebo. It is situated
132 kilometres from the port at Hay Point from where its coal
product is exported to its overseas customers. It consists of four
open pits and has a capacity to produce 3.5 million tonnes of PCI
(pulverised coal injection) quality coal and smaller amounts of
thermal coal annually. The mine began production in 1995 as an open
cut operation that still has its overburden removed with a single
dragline and two excavators along with a fleet of rear dump
trucks.
About Brownfield Engineering and Maintenance PTY LTD
Brownfield provides maintenance and operational support to major
mining companies, with four facilities strategically positioned in
the Bowen Basin, Surat Basin, Hunter Valley & Perth -
Australia's premier mining locations.
Brownfield was formed with a focus on supporting the working
assets of the mining sector and has been integrated into three key
services offerings:
-- Products: mining and associated products
-- Engineering: engineering services to the mining industry
-- Maintenance: mining maintenance services
www.brownfield.com.au/home/
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed
patent-protected sensor systems and supporting technology for use
in a variety of diverse high growth markets. Transense's Surface
Acoustic Wave (SAW) wireless, battery-less, sensor systems offer
significant advantages over legacy wireless sensor systems.
Transense is targeting the global transport and mining industries,
and the global torque, temperature and pressure sensing markets,
via its two trading divisions,Translogik and SAWSense.
Transense's shares are admitted to trading on AIM, a market
operated by the London Stock Exchange (AIM: "TRT").
www.transense.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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