Honeywell Licensing Agreement

Transense Technologies PLC 08 November 2004 Date: 8th November 2004 On behalf of: Transense Technologies plc ('Transense') Embargoed until: 0700hrs Transense Technologies plc Worldwide Licensing Agreement with Honeywell Transense Technologies plc is pleased to announce Honeywell International has entered into a worldwide licensing agreement to use Transense's surface acoustic wave ('SAW') technology for torque and pressure/temperature sensing systems in vehicles and aircraft, with certain limitations. This licence is exclusive for torque sensing in powertrain, transmission and driveline applications in vehicles. An earlier licensing agreement between Transense and Honeywell granted Honeywell the right to package SAW devices made by Transense's licensees, Temex and Tai-Saw, as the sensor component for tyre pressure monitoring systems. This new agreement widens the scope of that activity, allowing Honeywell to manufacture complete tyre pressure monitoring systems, as well as torque sensors for either complete or partial systems for all vehicle torque applications, including electric power steering. James Perry, chief executive of Transense, said last night: 'I am delighted that we have entered into this important licence agreement. It will help satisfy the rapidly growing demand from vehicle manufacturers and Tier one suppliers for technologies that measure torque in powertrain applications such as engine management, transmission control and driveline torque distribution. This is the successful outcome of the strategy and business model we have followed over the years to forge partnerships with global manufacturers in fields to which our technology lends itself. The completion of this agreement is a direct result of the technical collaboration between our firms. Engineers from both companies have been working together for more than two years, and their efforts have led to numerous developments, including the packaging of sensors being used in tyre pressure measurement systems for other Transense licensees.' Enquiries to: Transense James Perry, Chief Executive james.perry@transense.co.uk Tel: 01869 238380 www.transense.co.uk Redleaf Communications Emma Kane/James White Tel: 020 7955 1410 ek@redleafpr.com/jw@redleafpr.com Mob: 07876 338339 Notes to Editors: • Transense was founded in 1991 and its shares were listed on AIM in 1999; • Transense's technology is divided into two business streams: Torque measurement and pressure measurement; • Current licensees of Transense's technology include SmarTire, 3DM, Michelin, Honeywell, Temex Microsonics, Tai-Saw and TT electronics; • Further information on Transense is available at the company's website at www.transense.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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