Chairman's Statement

Transense Technologies PLC
16 June 2000


Extracts from Chairman's statement at AGM June 16th 2000.


'This Year has been one of considerable progress for Transense.  We have
successfully moved the listing of our shares from OFEX to AIM, made
considerable progress on a number of aspects of our technology including the
registration of patents and negotiated several important commercial
agreements.

Our strategy is not to manufacture anything apart from prototypes.  It is then
up to the application and manufacturing licensees to finalise the buying and
selling between themselves.  In some cases, Transense will receive an up front
royalty payment. This amount will depend on how much has been made available
to develop the application.  I am pleased to say that in all cases Transense
will receive on-going royalties on sales.

This month, we signed an exclusive agreement with Sawtek of the USA whereby
they will make our Surface Acoustic Wave (SAW) devices for sale to our
application licensees.  This transaction is a major benchmark in Transense's
history, signalling to the automotive industry that large companies support
our view that our technology is a world beater and that they are prepared to
fund the design and tooling costs that are necessary for large volume
manufacturing.  Sawtek is one of the fastest growing SAW manufacturers in the
world, currently making around 150 million devices a year.  It is quoted on
NASDAQ with a market valuation of some $2.5 billion.

We are close to a manufacturing licence agreement with Thomson-CSF, one of the
world's largest integrated circuit manufacturers, which will have closed the
loop on the first part of our journey.  These two agreements will demonstrate
to potential buyers that products exploiting our technology can be
manufactured in the huge volumes necessary for the applications to which they
are naturally suited.

Our next challenge will be the application licensees who will buy components
from the manufacturers.  You will recall that we have already signed a user
licence contract with SmarTire for tyre pressure monitoring.  It is now our
aim to concentrate our efforts on not only expanding this market sector but
also the others applications that lend themselves to our technology.  I am
pleased to say that discussions are taking place with a number of such
companies with this in view.

By licensing our technology we have efficiently saved ourselves millions of
pounds in costs that would have been incurred by trying to go it alone.  This
way we not only achieve credibility for our technology we do it without the
inherent manufacturing risks and costs'.

Graham Jarrett, Chairman.


                                           
For further information, please contact:


James Perry
Chief Executive, Transense Technologies plc             01869 238 030

Graeme Bayley
Manager Growth Companies Team, HSBC                     020 7336 9000

John Coyle
Clerkenwell Communications                              020 7713 0900
                                                        0370 687 370
                                                        07699 727 796 (pager)