iTrack order from AutoRFID Solutions

RNS Number : 7953K

Transense Technologies PLC

28 August 2012

 



28 August  2012

Transense Technologies plc

iTrack order from AutoRFID Solutions Sdn Bhd.

Transense Technologies plc ("Transense") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik has received an initial order for its iTrack Tyre Temperature and Pressure Monitoring Systems for mining and off-the-road vehicles ("iTrack") from its Indonesian distributor, AutoRFID Solutions Sdn Bhd. ("AutoRFID").

TheiTrack system will be installed as part of a pilot scheme on three of the 168 vehicles at the ADARO mine in Indonesia, one of AutoRFID's clients. The ADARO mine is expanding its operations and expects to be running more than 300 vehicles by the end of 2014.

Ahilan Thiyagarajah, Managing Director of AutoRFID commented, "We have been working  with Translogik for some time, promoting its tyre inspection products within the Malaysian and Indonesian markets. We acquired an iTrack evaluation system some months ago and are very impressed with the system. The recent validation and adoption of iTrack in South Africa has enabled us to close our first sale. It has also led to a significant increase in enquiries about the system from our Indonesian mining industry clients. We believe that Indonesia is a substantial iTrack sales opportunity, with a potential market of several thousand vehicles. Our existing clients alone operate approximately 1,500 suitable off -the-road vehicles and this will be our initial focus following this first order."

Graham Storey, CEO of Transense, commented: "This is a further meaningful step in our strategy to promote the global deployment of iTrack. We are very pleased with the progress being made by AutoRFID, and the increasing industry awareness regarding the benefits of the iTrack system to mine operators. It is very encouraging that our success in South Africa has triggered this order in what is a new territory for us."

For further information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Brewin - Nominated Adviser Aubrey Powell, Robert Beenstock	Tel: [phone]
Hybridan LLP - Broker	Tel: [phone]
Claire Noyce, Deepak Reddy
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones, Robyn McConnachie

Notes to Editors

About AUTORFID SOLUTIONS SDN BHD

AutoRFID was founded in 2009 to fulfil the evolving  technological requirements of a variety of industries.

The Company has since progressed on to the design, development and marketing of a range of advanced solutions and services.These include Radio Frequency Identification System (RFID), Radio Frequency (RF), Infrared Frequency Identification System (IRID), TTracker 'Cradle To Grave' Tyre Management Software as well as Cargo Tracking Using Electronic Seal.

Its detailed and individualised customised solutions approach, combined with proof of concept trials has resulted in AutoRFID now becoming better known as the 'Solutions Provider' for a number of leading corporates  including LTS Group, P.T. SIS, PT PAMA, Scomi, Tractors Malaysia and Expoblast.

www.autorfid-solutions.com

About iTrack

iTrack provides a rugged and reliable solution with a range of features that allow mine operators to track their vehicles in real-time and receive early warning of potential problems or hazards. This live data allows swift remedial action to be taken, which can be the difference between safe mine operation and a major incident. By ensuring  the vehicle's tyres are operating within recommended  temperature and pressure limits, iTrack brings increased levels of safety to both the vehicle drivers and the technicians that work on them. From a commercial perspective, by ensuring that tyres are correctly inflated, tyre life is extended and costly down-time from repairs and intervention is reduced, improving productivity.

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.

Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency of wind turbines.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM:  "TRT").

www.transense.co.uk

 

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