New member of Commercial Advisory Panel

RNS Number : 8970F

Transense Technologies PLC

21 July 2021

 

Reach announcement (non-regulatory)*

Transense Technologies plc

("Transense")

Ryan Maughan BEng, MSc, CEng, FIMechE, CMgr, MCMI

confirmed as an additional member of SAWCAP

Transense Technologies plc (AIM: TRT), the provider of specialist sensor systems, is pleased to confirm Ryan Maughan as an additional member of the Commercial Advisory Panel ("SAWCAP") for its Surface Acoustic Wave business.  SAWCAP was formed in December 2020 to provide advice and support to the Board and management in the development of commercial strategy, sales and marketing activities and to forge strategic alliances.

Ryan is an award-winning engineer and business leader with more than 20 year s'  experience in the High-Performance, Heavy-Duty and Off-Highway Automotive markets.  Prominent in the development of Power Electronics, Electric Motors and Drives (PEMD) for these demanding applications, he has successfully founded, scaled and exited three businesses in the electric vehicle space.  He is currently CEO of eTech49 Limited, an advisory business specialising in disruptive hardware technology in PEMD.  In addition, he is Chairman of EV North, an industry group representing the booming EV industry in the north of England, a board member of the North East LEP and an advisor to a number of corporations.

Ryan will help Transense to develop applications and opportunities for SAW sensor technology to improve control, safety and efficiency in electric motor propulsion and drive systems, across a range of high value applications and sectors.

Nigel Rogers, Executive Chairman of Transense, said:

"We are delighted to confirm Ryan as an additional member of SAWCAP.  He brings a wealth of technical knowledge and applications expertise which is highly relevant to the commercialisation of our proven technology.  His entrepreneurial background also provides valuable insights into the marketing and promotion of complex solutions and access to a wide network. We are looking forward to working with him on a number of new initiatives."

Ryan Maughan added:

"I am delighted to be part of the Transense SAWCAP at such an exciting time.  There is significant potential for SAW technology to provide robust and reliable torque sensing in drive systems and electric motors to help improve control, safety and efficiency. The technology has already proven itself as a capable torque sensing solution in demanding applications such as aero engines and motorsport. I am looking forward to working with the team to transfer the technology into new applications."

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 (Equity Sales)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome/Anysia Virdi	Tel: [phone] [e-mail]

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring.  Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability  and efficiency; iTrack, Transense  's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.  www.transense.com

For further information please contact  [e-mail] .

*About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as a regulatory announcement via RNS and not on Reach.

 

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