TIDMTRT
Transense Technologies PLC
16 December 2015
16(th) December 2015
Transense Technologies plc
("Transense" or the "Company")
Translogik Contract Win with Continental
Transense Technologies plc (AIM: TRT), the provider of sensor
systems for the transportation and industrial markets, is pleased
to announce that Translogik, its Tyre Management Solutions
Division, has signed an agreement with Continental Reifen
Deutschland GmbH, to supply its ContiTrade unit with the new iOS
compatible version of its TL-G1 Tyre Inspection Probe. 85 kits have
been ordered to date as the deployment commences, with significant
further orders anticipated.
The tyre inspection probes will be used as part of ContiTrade's
tyre management system, "FleetFox". This customer-focused system
provides accurate, real-time information on tyre pressure, tread
depth and overall tyre condition, including any potential damage,
in order to provide recommendations on optimal usage and estimates
for remaining tyre life and anticipated replacement dates.
Bernhard Bamberger, Head of Fleet Management Business Unit
ContiTrade and Project Manager for the development of FleetFox,
commented: "For the primary users of the FleetFox system, mainly
truck tyre salesman, truck tyre fitters (in-store or mobile
service) and roadside mobile support, having robust and reliable
tyre inspection hardware is absolutely essential. Consequently, at
the beginning of 2015 we realigned our tyre management hardware
strategy and re-evaluated all our hardware suppliers. In terms of
tyre data measurement tools, Translogik probes were determined to
be the best. Our prior experience with the products, and the
customer service orientation of Translogik were decisive factors in
this decision.
Going forward, ContiTrade is planning a fully digital data
strategy in its stores, with a strong focus on the consumer and
commercial customers. As a long-standing partner of ContiTrade,
supplying wireless tyre inspection tools, as well as other
complementary services, ContiTrade will lead talks with Translogik
about possible cooperation to a much greater extent in the
future."
Graham Storey, CEO of Transense said: "The Translogik TL-G1
Probe, which is now used in 41 countries, 17 of these being in the
EU, is well on the way to becoming the industry standard wireless
tread depth and pressure measuring tool. Having the latest version
of the probe used by ContiTrade's large retail network provides
Translogik with another significant sales channel."
For further information, please contact:
Transense Technologies plc - Tel: +44 1869 238 380
Graham Storey, Chief Executive
finnCap - Tel: +44 20 7220 0500
Ed Frisby, Giles Rolls (corporate finance)
Tony Quirke, Alice Lane (corporate broking)
IFC Advisory - Tel: +44 20 3053 8671
Tim Metcalfe, Graham Herring, Heather Armstrong
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 transport and mining industries, and the
global torque, temperature and pressure sensing markets, via its
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
About Translogik
Translogik, a trading division of Transense Technologies plc, is
a provider of innovative tyre management solutions for the OTR
(Off-the-Road), commercial and passenger 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 hostile and
demanding environments, such as mining, earth-moving and
construction.
www.trans-logik.com
About Continental AG
Continental develops intelligent technologies for transporting
people and their goods. As a reliable partner, the international
automotive supplier, tire manufacturer, and industrial partner
provides sustainable, safe, comfortable, individual, and affordable
solutions. In 2014, the corporation generated preliminary sales of
approximately EUR34.5 billion with its five divisions, Chassis
& Safety, Interior, Powertrain, Tire, and ContiTech.
Continental currently employs more than 205,000 people in 53
countries.
www.continental-corporation.com
About Continental Tire Division
The Tire Division currently has 24 production and development
locations worldwide. The broad product range and continuous
investments in R&D make a major contribution to cost-effective
and ecologically efficient mobility. As one of the world's leading
tire manufacturers with more than 47,000 employees, the Tire
Division achieved sales of EUR9.8 billion in 2014.
About ContiTrade
ContiTrade is the umbrella organisation for retail activities of
the Tire Division of Continental AG. With over 2,000 locations and
over 6,000 employees in fourteen countries it sold over 5 million
tires in 2014.
This information is provided by RNS
The company news service from the London Stock Exchange
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December 16, 2015 02:00 ET (07:00 GMT)