Re Contract

Transense Technologies PLC
16 April 2002


On behalf of: Transense Technologies plc

Date:         16 April 2002


Transense Technologies plc

signs Licence Agreement with

Honeywell International Inc.


Transense Technologies plc ('Transense') has signed a Licence Agreement with
Honeywell International Inc. ('Honeywell'), one of the world's leading
manufacturers of pressure sensors. Under terms of the confidential Agreement,
Transense will receive a licence fee and a royalty on each package sold that
incorporates the Company's Surface Acoustic Wave (SAW) technology.


Initially, Honeywell will concentrate its packaging expertise on the volume
production of packaged SAW sensing devices developed specifically for tyre
pressure and temperature monitoring. It is envisaged that the first batch of
these devices will be shipped to an application licensee in the next three
months. The start of volume sales production of packaged sensor products is
expected in the last quarter of this year.


Jim Perry, Chief Executive of Transense, said last night: 'This makes the fourth
Licence Agreement Transense has entered into for its tyre pressure monitoring
technology. Last year Michelin, the largest tyre manufacturer in the world
signed an exclusive licence with us for embedding sensors in tyres. In 2000, 3DM
signed up for embedding sensors in wheels and in the previous year SmarTire, a
leader in monitoring systems incorporating batteries, entered into a Licence
Agreement because they believed that Transense's tyre pressure technology was
the best option for the future.'


'We never anticipated that our technology would be in the first, or second, wave
of tyre pressure monitoring devices on the market, which would be battery
systems. What we have developed is a sensor that does not require batteries,
some of which are toxic and difficult to dispose of and which have disadvantages
of cost and performance. Systems using our technologies lend themselves to being
better than anything in the market place today.'


'The involvement of Honeywell, with whom we have been working for some time,
shows that our battery-less tyre pressure technology is now near to volume
production and scheduled to start this year. We are determined to make Transense
a global force in automotive passive sensor technology and, by forging a
relationship with Honeywell, and other major companies, I have no doubt that our
strategic aim of becoming the world leader in automotive sensors will be
realised.'


'In addition to tyre pressure measurement, our sensor systems lend themselves to
many other automotive applications such as electric power steering, where we
already have a partnership with TT electronics plc, whose sensors go into 50% of
all cars produced. Our tyre pressure sensors can talk to our steering and other
sensors, which will give us a further lead in this rapidly growing market
sector.'


'When the other licence agreements which are currently being negotiated are
eventually signed, it will become clear that we are not alone in the belief that
our patented technology will be leading edge in many other applications.'


Additional background


Honeywell is a US$24-billion diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive products; specialty
chemicals; fibers; plastics; and electronic and advanced materials.  Honeywell
employs approximately 115,000 people in 95 countries and is traded on the New
York Stock Exchange under the symbol HON, as well as on the London, Chicago and
Pacific stock exchanges.  It is one of the 30 stocks that make up the Dow Jones
Industrial Average and is also a component of the Standard & Poor's 500 Index.
Additional information on the company is available on the Internet at
www.honeywell.com.


                              Ends


For further information, please contact:


Jim Perry, Chief Executive
Transense Technologies plc                      01869 238 380


Grant Hutchison
Honeywell International Inc.                    01698 481 297


John Mellett / Graeme Bayley
HSBC Investment Bank plc                        020 7336 9795


John Coyle
Clerkenwell Communications                      020 7713 0900

                                                07770 687 370

                                                07699 727 796 (pager)



                      This information is provided by RNS
            The company news service from the London Stock Exchange