SAW Update

RNS Number : 9920K

Transense Technologies PLC

11 May 2022

 

Reach: Non-regulatory announcement

Transense Technologies plc

("Transense")

SAW Update - Appointment of Business Development and Marketing Manager

Transense Technologies PLC (AIM: TRT), the provider of specialist sensor systems, is pleased to announce the appointment of Jordan Taylor to a newly created position of Business Development and Marketing Manager for the Transense SAW business.

Jordan is an experienced Marketing and Business Development professional, and has previously worked alongside Transense director, Ryan Maughan, at AVID Technology, a leading company in electrification and heavy-duty automotive markets. In addition, he has extensive business experience in Asia having lived and worked in Japan for several years.

Jordan's appointment will increase the business's capability to support new and existing customers and help them to adopt the Transense SAW technology. 

Nigel Rogers, Executive Chairman, said: "We have created this new role to build capacity in the business to manage our opportunity pipeline for SAW technology in the automotive electric drive and industrial machinery markets. Adding an experienced business development professional such as Jordan to the team can help to accelerate new business conversion and raise the profile of the company and technology in the market."

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 & Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper / Nick Rome	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] .

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