Appointment of Additional SAWCAP Member

RNS Number : 9922Q

Transense Technologies PLC

02 November 2021

 

Transense Technologies plc

("Transense")

Dave Shemmans BSc BEng PMD

confirmed as an additional member of SAWCAP

Transense Technologies plc (AIM: TRT), the provider of specialist sensor systems, is pleased to confirm Dave Shemmans as an additional member of the Commercial Advisory Panel ("SAWCAP") for its Surface Acoustic Wave business ("SAW"). SAWCAP was formed in December 2020 to provide advice and support to the Board and management of Transense in the development of commercial strategy, sales and marketing activities and to forge strategic alliances.

Dave holds a BSc/BEng in Electrical and Electronics Engineering from The University of Manchester and is a graduate of the Program for Management Development (PMD) at Harvard Business School. He recently stepped down after sixteen years as Group CEO at Ricardo plc, the global strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors. At Ricardo he has overseen the successful conversion and delivery of world leading innovative programmes, from supercar powertrain to military vehicles, and set out a strategic vision to provide sustainable energy, environmental and mobility solutions. In addition, he is a Non-Executive director at ElectraMeccanica Vehicles Corporation, a US listed electric vehicle business, and at Sutton And East Surrey Water plc.

Dave has particular skill as a driver for change and seeks to challenge the status quo through the use of innovative technology to solve complex problems. 

Nigel Rogers, Executive Chairman of Transense, said:

"We are delighted to confirm Dave as an additional member of SAWCAP. He has a rare combination of strategic vision and operational pragmatism, and the ability to relate across the engineering landscape from large multinational corporates to smaller nimble companies like Transense. His insights will be invaluable, not only in business development, but also in the controlled development of our capabilities to support an increasing workload of additional programmes and customers."

 Dave Shemmans added:

"I am delighted to be a member of the SAWCAP team to support the commercialisation of Transense's groundbreaking wireless sensor technology. It is already proven in highly specialised military, aerospace and motorsport applications, and has exciting potential for wider adoption in mainstream markets."

For further information please visit www.transense.com or contact:

Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO)	Via Walbrook PR
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Tony Quirke (Sales & Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper / Nick Rome	Tel: [phone] [e-mail]

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring.  Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense 's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.  www.transense.com

For further information please contact  [e-mail] .

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