Licence with Michelin

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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