Transense Technologies PLC
20 September 2004
Date: 20 September 2004
On behalf of: Transense Technologies plc
Embargoed until: 0700hrs
Transense Technologies plc
Licence with Michelin
Transense Technologies plc announces that Michelin has been granted a
non-exclusive addendum to its license to make or have made discrete component
interrogation electronics for tyre pressure monitoring systems (TPMS). Michelin
already has a world exclusive licence to use Transense's surface acoustic wave
(SAW) technology for attached-to-tyre pressure monitoring applications.
James Perry, Chief Executive of Transense, said last night:
'I am pleased to announce that Michelin is extending the licence it has with us
to include the manufacture of Transense's patented interrogation technology. It
is now Michelin's right to either make or have made SAW interrogation systems
comprising of discrete components.
'It is inevitable that as our technology reaches the stage of volume production
and sales, licensees will be trying to manoeuvre themselves into a position
where they can be masters of their own destinies.'
George O'Brien North American Electronics Research Director for Michelin said:
'Michelin is pleased to add Transense's discrete component interrogation to the
prior arrangements between our companies.'
Enquiries to:
Transense
James Perry, Chief Executive
james.perry@transense.co.uk Tel: 01869 238380
www.transense.co.uk
Redleaf Communications
Emma Kane, Chief Executive Tel: 020 7955 1410
ek@redleafpr.com Mob: 07876 338339
Notes to Editors:
• Transense was founded in 1991 and its shares were listed on AIM in 1999;
• Transense's technology is divided into two business streams: Torque
measurement and Pressure measurement;
• Current licensees of Transense's technology include SmarTire, 3DM,
Michelin, Honeywell, Temex Microsonics, Tai-Saw and TT electronics;
• Further information on Transense is available at the Company's website at
www.transense.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange XFEALEFE
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