Transense Technologies plc ('Transense')
30 July 2009
Re Distribution Agreement with FEC International (M) Sdn. Bhd
Transense is pleased to announce that Translogik Limited
('Translogik'), its wholly owned subsidiary, has signed an exclusive
distribution agreement with FEC International (M) Sdn. Bhd. ('FEC')
for its range of tyre tread depth inspection products. FEC has
integrated these Translogik products into its new "e-Tyre Manager"
Electronic Tyre Management System, providing a cutting edge RFID
based wireless data capture system to the Truck fleet and
Off-the-Road markets.
Under the terms of this agreement Translogik will receive minimum
revenues of USD $600k over the next two years. In return, FEC have
been granted exclusive distribution rights for the ASEAN region,
Korea and Japan, excluding global OEM's.
Laren Yeomans, Sales Director of Translogik, commented "We are
delighted to have signed this exclusive distribution agreement
between FEC and Translogik. A key component of our strategy for
Translogik is to develop a comprehensive global distribution network,
allowing us to leverage the regional expertise and existing customer
base of our distribution partners, in order to accelerate the
adoption of our products. The minimum revenue agreement demonstrates
FEC's confidence in the potential size of this market. FEC has
considerable expertise in RFID and we look forward to developing our
relationship over the coming years."
Shinichi Mukaiyama , COO of FEC said "At FEC, our focus is on
delivering the best possible solutions to our customers. We selected
Translogik products, as we believe they represent the highest quality
available in the market today. We are extremely excited about the
potential for our new e-Tyre system and believe it will allow us to
position FEC as the market leader for tyre inspection solutions in
these regions."
Contacts:
Transense Technologies plc
Graham Storey 01869
238380
Laren Yeomans 01869
238380
Brewin Dolphin Investment Banking
Neil Baldwin
0845 213 4730
Sean Wyndham-Quin
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
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 AiM Market of the London Stock Exchange
(TRT).
www.transense.co.uk
About FEC
FEC International (M) Sdn. Bhd. Is an associated company of FEC Inc.
Japan. FEC are RFID product development specialists, providing
customised solutions from concept to implementation. FEC's
collaborations with international RFID hardware manufacturers have
enabled them to provide world class RFID solutions and established
them as one of Malaysia's premier RFID companies.
www.fecinc.com.my
ENDS
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This announcement was originally distributed by Hugin. The issuer is
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