Transense Technologies plc (the 'Company' or 'Transense')
30th April 2010
Re RFID Chile Distribution Agreement
Transense is pleased to announce that its subsidiary, Translogik Limited
('Translogik'), has signed a distribution agreement with RFID Chile. The
agreement combines Translogik OTR ('Off the Road') TPMS (Tyre Pressure
Monitoring System) technology and RFID Chile's mining application expertise to
provide a real-time OTR tyre temperature and pressure management solution ('the
system') to the South American mining industry.
The system was launched at the 2010 EXPOMIN in Santiago, Chile. Chile is the
world's largest producer of copper. There was enormous interest from some of the
world's largest mining operations from across South America.
Field trials of the new system, with a large Chilean mining company, are
scheduled to begin on 10th May, when a team of engineers from Translogik and
RFID Chile will fit three OTR TPMS systems to Komatsu 830E dumper trucks fitted
with 57 inch tyres.
Max von Dessauer, CEO of RFID Chile, said "OTR tyres typically cost tens of
thousands of dollars, and maximising the life and performance of these valuable
assets is absolutely vital. Access to accurate, reliable, real-time temperature
and pressure data will allow the mine operator to minimise replacement costs and
breakdowns which adversely affect production levels. Even marginal improvements
in productivity levels as a direct consequence of improved tyre performance can
have a disproportionately large effect on margins."
Graham Storey, CEO of Transense, said "we are very pleased to be working with
RFID Chile. Aligning ourselves to a company with their knowledge, experience and
exposure in Latin America is a significant step forward in our ability to market
our various tyre solutions in the region."
Contacts:
Transense Technologies PLC
Graham Storey                                   01869 238380
Laren Yeomans
Brewin Dolphin Investment Banking
Neil Baldwin                                       0845 213 4730
Sean Wyndham-Quin
Hybridan
Stephen Austin                                  020 7947 4004
Claire Noyce
About RFID Chile
RFID Chile specializes in RFID based mining applications in Latin America and
has an existing tire tracking product, ITS-TIR, which utilizes mobile and fixed
RFID readers to track tires marked with EPC RFID tags. RFID Chile is based in
Santiago.
www.rfid.cl <
http://www.rfid.cl/>
About Translogik
Translogik Limited is a provider of innovative technology solutions for Data
Capture and Asset Management to the Commercial vehicle and Industrial markets.
Translogik Limited is a wholly owned subsidiary of Transense Technologies PLC.
Transense is listed on the Alternative Investment Market of the London Stock
Exchange (TRT).
www.trans-logik.com <
http://www.trans-logik.com/>
About Transense
Transense Technologies is a technology transfer company based in Upper Heyford,
Oxfordshire. 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).
www.transense.co.uk <
http://www.transense.co.uk/>
ENDS
[HUG#1410305]
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