Memorandum of Understanding with GE

RNS Number : 4073N

Transense Technologies PLC

18 May 2015

 

18th May 2015

 Transense Technologies PLC

("Transense" or the "Company")

Memorandum of Understanding with GE

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to confirm it is developing new instrumentation applications utilising its core wireless, passive Surface Acoustic Wave (SAW) measurement technology with GE, a provider of products to the global Power and Water, Oil and Gas, Energy Management,Aviation, Healthcare, and Transportation industries.  This development aligns the Transense SAW technology expertise with GE's proficiency in large scale production and product delivery, to open up new global opportunities.

Graham Storey, Transense Group CEO said:

"Working with an industry leading developer of world-class technology applications is exactly the right platform for Transense's SAW technology to enter the commercial environment. We look forward to working further with GE  to strengthen their product offerings, bringing the benefits of our technology to the infrastructure markets GE serves".

For further information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Singer - Nominated Adviser and Broker Aubrey Powell, Alex Wright	Tel: [phone]
IFC Advisory Tim Metcalfe, Graham Herring	Tel: [phone]

About GE

GE (NYSE: GE) imagines things others don't, builds things others can't and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.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 three wholly owned divisions, IntelliSAW,  Translogik and SAWSense, Transense is targeting the high growth global electrical Smart Grid applications market, the automotive and mining industries, and torque, temperature and pressure sensing markets 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 and reliability 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

 

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