Chinese partner places order worth over USD 500k

RNS Number : 2717E

Transense Technologies PLC

29 May 2012

 

For Release: 29th May 2012

Transense Technologies plc (the 'Company' or 'Transense')

Chinese partner places order worth over USD 500k with IntelliSAW

Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets is pleased to announce that its trading division, IntelliSAW, has received an order worth in excess of USD 500K, which is expected to be placed on a call-off basis over the next 12 months, from its Chinese strategic partner Wuhan Fenjin Electric Power Technology Co., Ltd ('Fenjin') for its innovative wireless/passive electrical switchgear temperature monitoring system. This order represents the first step in driving mass adoption of IntelliSAW's proprietary technology within China's high growth Smart Grid market.

Fenjin is a supplier of critical test, control, and monitoring equipment for the electric power industry. Fenjin's twenty years of experience in the power industry has established it as a leading provider within the market.

Access to IntelliSAW's unique electrical switchgear temperature monitoring system will allow Fenjin to expand its portfolio of services into the Smart Grid arena where IntelliSAW's technology provides real-time, continuous monitoring of mission-critical electric power substation switchgear.

Mr Jacky Huang, Vice General Manager and Director of R&D department for Fenjin, commented "We have been pleased with the performance of the IntelliSAW IS485 system during recent testing. Surface Acoustic Wave (SAW), technology represents a major breakthrough compared to currently available temperature monitoring systems in key areas such as scalability, flexibility in configuration, and ease of installation and commissioning. There is immense pressure being put upon the Chinese power grid as heavy industry places increasing demands on existing infrastructure. Use of the IntelliSAW system allows vital information on the performance and health of this infrastructure to be monitored in real-time, allowing efficiency improvements in power transmission as well as increases in both switchgear reliability and installation safety. We believe that, as market awareness of the IS485 system's abilities grows, it will become an industry leading solution."

Graham Storey, CEO of Transense, commented, "We are delighted that following successful trials Fenjin has now ordered its first significant batch of systems. Fenjin was selected as a strategic partner in the region due to its significant position within the Chinese power industry and extensive customer base and we look forward to further commercial successes with its customers as the relationship develops."

For more information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Brewin - Nominated Adviser Aubrey Powell / Robert Beenstock	Tel: [phone]
Hybridan LLP - Broker	Tel: [phone]
Claire Noyce / Deepak Reddy
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones / Robyn McConnachie

Notes to Editors

About Wuhan Fenjin Electric Power Technology Co., Ltd.

Wuhan Fenjin Electric Power Technology Co., Ltd was established in Wuhan in 1993, located on the shore of East Lake in Wuhan Optics Valley, China. It specialises in providing electric power system automation and electrical safety solutions to protect high-tech enterprises. It is currently involved in 863 joint venture projects and the National Electric Standardisation Technical Committee Operating Unit.

www.fenjin.com

About IntelliSAW

IntelliSAW, a trading division of Transense Technologies plc (AIM: TRT.L), develops and markets patent protected wireless, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications.

IntelliSAW's proprietary solution is wireless and does not require any power to the sensors, affording ease of installation and system commissioning while avoiding introducing any arcing or flashover concerns. Moreover the IntelliSAW system outputs data directly onto existing communication networks using standard protocols, allowing for instantaneous monitoring and control.

The IS485 platform brings an advanced feature set as compared to legacy solutions on the market today, including twelve independent sensor frequencies and four antenna connections per reader which combined allow for up to 48 sensors per system. Further innovative advances in interrogation protocols, differential sensor topology, and microcontroller architecture serve to resolve a number of known issues with existing solutions including sensor drop-out, challenging system set-up processes, positional dependence of sensor calibration, and non-compliance to high voltage application environments.

www.intellisaw.com

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.

Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency of wind turbines.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM:  "TRT").

www.transense.co.uk

 

END

 

 

MSCDGGDUCUDBGDI