Launch of new 'iProbe' multi-function tyre insp...

For release 0700 21 April 2011 Transense Technologies plc ("Transense" or the "Company") The AIM-listed technology transfer company Full commercial launch of new 'iProbe' multi-function tyre inspection tool (21 April, 2011)  Transense Technologies plc (AIM: TRT) is pleased to announce the full commercial launch of its new 'iProbe' multi-function tyre inspection tool. Developed over a long period by its subsidiary Translogik and following consultation with potential customers as to their requirements, the iProbe provides wireless measurement of tread depth, tyre temperature and tyre pressure combined with integrated RFID (Radio Frequency Identification) tag and TPMS (Temperature Pressure Monitoring System) sensor reading capabilities. Commercialisation The first production run of probes has been fully sold to customers which include the world's three largest tyre manufacturers. Additionally, several fleet providers around the world have purchased the iProbe, and commenced software integration work at their expense to integrate the iProbe with their systems. Development The iProbe is a development of the existing technology from the current Translogik Tread Depth & Pressure Probe. The iProbe builds upon this proven design and is constructed to an exacting specification, to meet the stringent demands of the fleet tyre maintenance market.  Significant market research was undertaken during the product design phase to ensure that the iProbe fulfilled all the requirements of its target markets. Key amongst these was the need to have sufficient read-range to interrogate RFID tags in 'dual-tyre' configurations - where the inside tyre tag can be up to 50cm away from the probe antenna. The Directors of Transense believe that attaining this read-range from an antenna small enough to fit within the compact dimensions of a tough, lightweight hand-held product represents a significant technical achievement by the Translogik engineers. New features The ability to read and write to RFID tyre tags is a significant new feature as tyre manufactures begin to launch truck and bus tyres with embedded RFID tags, and patches incorporating RFID tags are increasingly adopted as an aftermarket solution. At the recent Technology and Maintenance Council (TMC) show in Florida, the iProbe was demonstrated where it read an RFID tag embedded within a Goodyear G572 truck tyre. This is the first commercially available RFID enabled truck tyre. Advantages Use of passive RFID tags offers significant advantages over traditional optical tyre identification methods in terms of durability, reliability and ease of use, allowing for accurate real-time asset management in order to maximise tyre life and performance, and reduce theft and counterfeiting.  The iProbe has a modular design that allows additional functionality to be added as customers require it ensuring the iProbes' abilities can expand as customers' own requirements grow. Transense sees that an increasing number of software solution and system integrators are adopting the iProbe. Complete Inspection Solution The Directors of Transense believe that by providing a complete tyre inspection solution (previously only available from two or more separate inspection products) in a single wireless device brings new levels of functionality, accuracy and efficiency to the tyre management market, at a market leading price point. The iProbe's 'one-click' wireless data collection function, as compiled by Translogik during product trials, can reduce vehicle inspection times by up to 60% and can virtually eliminate data errors, whilst also offering significant cost savings in on-going tyre maintenance, not only in terms of time savings, but also in the quality and accuracy of tyre data so allowing fleet managers to extract the maximum possible return on their tyre investment. Graham Storey, CEO of Transense Technologies, commented: "We are excited about the prospects for the new iProbe. We set out to develop the industry-leading purpose-built tyre inspection tool, and we believe we have achieved that. At a time when the cost of tyres and fuel continue to increase at an alarming rate, the iProbe provides an all-in-one solution to the asset management market for maximising the return on their tyre investment. We believe the iProbe is the 'Swiss Army Knife' of tyre inspection and audit tools. The potential market, while already significant, is set to grow rapidly as the requirement to collect data electronically, accurately and efficiently increases". For more information, please contact: Transense Technologies plc Tel: +44 (0) 1869 238 380 Graham Storey, Chief Executive Brewin Dolphin - Nomad Neil Baldwin Tel: 0845 213 4726 Hybridan LLP - Broker Claire Noyce Tel: +44 (0) 207 947 4350 Peckwater PR Tarquin Edwards Tel: +44 (0)7879 458 364 tarquin.edwards@peckwaterpr.co.uk Notes to Editors About Translogik Translogik provides a range of hardware and software solutions for asset management and tracking, data collection and fleet management focused on the tyre industry. The product portfolio includes wireless tread depth data collection tools for truck and off-the-road (OTR ) vehicle tyre inspections,  RFID (Radio Frequency Identification) tags and patches for tyres and general asset tracking, and a range of temperature and pressure monitoring systems (TPMS) for bus, truck & OTR applications in mining, earth-moving and construction. Translogik Limited is a wholly owned subsidiary of Transense Technologies plc. www.trans-logik.com About Transense Transense Technologies is a technology transfer company based in Upper Heyford, Oxfordshire, UK. Transense develops Surface Acoustic Wave (SAW), wireless, batteryless, sensor systems in partnership with its licensees and partners, Honeywell, Melexis, Michelin, SenGenuity, Stack, Tai-Saw, Texas Instruments, SCHOTT, McLaren Electronic Systems and Carbon Motors. Current applications include Tyre Pressure Monitoring Systems (TPMS) and torque systems for Electrical Power Assisted Steering (EPAS) and driveline management. Transense is listed on the Alternative Investment Market of the London Stock Exchange (TRT) For more information visit www.transense.co.uk This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Transense Technologies plc via Thomson Reuters ONE [HUG#1508348]
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