Holding(s) in Company

Transense Technologies PLC

27 September 2024

 

27 September 2024

Transense Technologies plc

("Transense", the "Company" or the "Group")

Holding(s) in Company

Transense Technologies plc (AIM: TRT), the provider of specialist sensor systems, announces that further to the shareholding announcement of 24 May 2024 where Doxa Partners LLP held 5.09 per cent of the voting rights in the Company, the Company was yesterday informed by Doxa Partners LLP that it currently holds 833,845 ordinary shares in Transense, representing 5.48 per cent of the Company, but now held in the name of Axia Investments Limited.  In addition, this shareholding is no longer notifiable by Privium Fund Management (UK) Ltd as per the 24 May 2024 announcement as Doxa Partners LLP is no longer an appointed representative of Privium Fund Management (UK) Ltd.

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

Transense Technologies plc Nigel Rogers (Executive Chairman) Ryan Maughan (Managing Director) Melvyn Segal (Chief Financial Officer)	Via Investor Relations (see below)
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Stefano Aquilino / Tony Quirke (Sales and Corporate Broking)	Tel: [phone]
Investor Relations Anice McNamee	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 advanced sensor technology and measurement solutions used by some of the world's leading companies to improve performance, efficiency, and safety in demanding, mission critical applications. Transense currently operates through two active business segments:

·    SAWsense - designs, supplies and licences advanced sensor solutions based on proven, patent protected Surface Acoustic Wave (SAW) technology to world leading companies in aerospace, automotive, and industrial machinery (including robotics), enabling improved efficiency and performance of their products. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied, Airbus and several other confidential Tier One automotive, aerospace and industrial machinery suppliers.

·    Translogik - develops smart, connected commercial vehicle tyre inspection equipment to many of the world's leading tyre suppliers, fleet operators and service centres. Enabling accurate measurement and digital capture of safety-critical tyre condition data, used to reduce operating costs, improve safety and provide audit records for regulatory compliance. Key customers include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and leading independent providers of vehicle fleet maintenance management software.

In addition, Transense earns residual royalty income from Bridgestone iTrack - a tyre monitoring system for off-highway vehicles that was developed by Translogik. The associated sales, support and development infrastructure were sold to Bridgestone Corporation, the world's largest tyre producer, in June 2020, and the intellectual property was licensed exclusively to Bridgestone under a ten-year deal expiring in 2030.

Find out more at: https://www.transense.com/

 

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