Appointment of Non-Executive Director

Transense Technologies PLC

02 May 2023

 

2 May 2023

Transense Technologies plc

 ("Transense" or the "Company")

Appointment of Non-Executive Director

Transense Technologies plc, the provider of specialist sensor systems, is pleased to announce the appointment of Stephen Parker as an Independent Non-Executive Director, with effect from 1 May 2023.

Stephen is an experienced board director with a track record of leading businesses in the technology, automotive and transportation sectors.  He has significant experience working in leading professional services firms advising international companies in the development and implementation of business strategy, and has hands on experience across the full business cycle from start-ups to mergers and acquisitions, both buy-side and successful exit.

He is currently Senior Independent Director of YASA Limited, having been Chairman guiding it through its early stages of innovation to scale-up, industrialisation and its purchase by Mercedes-Benz Group AG in 2021.  YASA designs and develops axial flux electric motors for premium and high performance automotive applications.

Stephen is also Non-executive Chairman of Evolito Limited, an advanced technology company that designs, develops and manufactures electric propulsion units for the aerospace sector to power vertical lift and short flight duration fixed wing aircraft.  Evolito was spun out of YASA on its sale to Mercedes-Benz and is funded via private equity.

Previously, Stephen fulfilled a number of senior executive leadership roles in international organisations including Unipart, Ricardo, AT Kearney, Perkins Engines and Babcock International.  Stephen was also a senior independent director at the Transport Research Foundation from 2015 to 2023 and is a current Pro-chancellor at Coventry University where he was previously Chair of the Board of Governors..

Nigel Rogers, Executive Chairman, said;

"We are delighted to welcome Stephen to the Board, where we can benefit from his rich and varied knowledge, experience and insight, and his extensive network of relevant business contacts.  We look forward to working with Stephen to continue developing our exciting pipeline of opportunities, especially for our Surface Acoustic Wave sensor technology."

Additional disclosures required under the AIM Rules for Companies

Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies, Stephen ("Steve") Parker, aged 70, is, or has during the last five years, been a director or partner of the following companies and partnerships:

Current Directorships or Partnerships	Directorships or Partnerships within the last five years
Evolito Limited YASA Limited	Stratford-Upon-Avon Town Trust Sinclair Forbes & Partners Limited Transport Research Foundation

For further information please visit www.transense.com or contact:

Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO) Via Walbrook PR Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Tony Quirke / Jos Pinnington (Sales and Corporate Broking) Tel: [phone] Walbrook PR Tom Cooper / Nick Rome Tel: [phone] [e-mail]

Notes to Editors: Transense is headquartered in Oxfordshire, UK and its shares are traded on AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company develops and supplies wireless sensor technology and systems, and currently has three business segments: SAW - patent protected Surface Acoustic Wave sensor technology that provides real time measurement of torque, temperature, pressure and strain, and is used to improve efficiency, performance, safety and sustainability of propulsion systems and machinery.  Current focus is the development of a pipeline of high calibre customers and collaborative partnerships for a variety of applications in electric drives, aerospace, industrial machinery (including off-highway and robotics) and high performance automotive sectors. Translogik - smart, connected commercial vehicle tyre inspection equipment, used by vehicle fleets to more easily gather and maintain accurate tyre safety and condition data; and, iTrack - a tyre monitoring system for off-highway vehicles, licensed exclusively to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal expiring in 2030. For further information please contact [e-mail]

 

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