Directorate and Management Changes

RNS Number : 6472S

Transense Technologies PLC

13 March 2023

 

Transense Technologies plc

("Transense" or the "Company")

Directorate and Management changes

Transense Technologies plc, the developer of specialist sensor systems, today announces the following board and management changes.

Board changes

Nick Hopkins, Chief Operating Officer, has agreed terms with the Company by which he will step down as a director with immediate effect, and will leave the Company on 30 April 2023 following a period of garden leave.  Since joining Transense in April 2020, Nick has managed the transition of the Surface Acoustic Wave (SAW) from a science-led technology developer into a commercially driven business unit.  He has fulfilled an important role in building engineering and operational capabilities and preparing the organisation for growth. 

Ryan Maughan, Business Development Director, will expand his current role increasing his time commitment to Transense from 7 to 12 working days per month. This will enable him to deliver further success in the expansion and conversion of the sales pipeline. He will also take responsibility for the leadership of Translogik, the tyre monitoring equipment segment, where he will work closely with the Translogik Commercial director, Rob Carlaw.

Ryan will continue to report to Nigel Rogers (Executive Chairman).

Management changes

Andy Bullock has made a significant contribution to the business since he joined Transense in July 2022 as Technical Director.  He will now expand his current responsibilities to include day-to-day management of all operational aspects of the business as Technical and Operations Director (non-Board), also reporting to Nigel Rogers (Executive Chairman). 

Finally, Paul Vickery (Commercial and Operations Director) who has been with Transense for 19 years, will also leave the business with immediate effect by way of redundancy.

Nigel Rogers, Executive Chairman, said :

"I would like to thank Nick for his commitment and professionalism in placing our SAW business segment on a great platform for future success and wish him well for the future, and likewise I would like to thank Paul for his many years of commitment to Transense. Our management team will continue to focus all our attention on the delivery of long term commercial partnerships from amongst the many exciting opportunities that are in hand."

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 and Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome/Joe Walker	Tel: [phone] [e-mail]

Notes to Editors:

Transense is headquartered in Oxfordshire, UK and its shares are traded on AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company develops and supplies wireless sensor technology and systems, and currently has three business segments:

SAW - patent protected Surface Acoustic Wave sensor technology that provides real time measurement of torque, temperature, pressure and strain, and is used to improve efficiency, performance, safety and sustainability of propulsion systems and machinery.  Current focus is the development of a pipeline of high calibre customers and collaborative partnerships for a variety of applications in electric drives, aerospace, industrial machinery (including off-highway and robotics) and high performance automotive sectors.

Translogik - smart, connected commercial vehicle tyre inspection equipment, used by vehicle fleets to more easily gather and maintain accurate tyre safety and condition data; and,

iTrack - a tyremonitoring system for off-highway vehicles, licensed exclusively to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal expiring in 2030.

For further information please contact [e-mail]

 

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