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Transense Technologies PLC

31 August 2023

 

Transense Technologies plc

 ("Transense" or the "Company")

Total voting rights

Transense Technologies plc, the developer of specialist sensor systems, announces that the issued share capital of the Company at the date of this announcement comprises 16,437,740 ordinary shares of 10 pence ("Ordinary Shares"). The Company holds 935,356 Ordinary Shares in treasury and therefore, the total number of voting rights in the Company is 15,502,384.

The figure of 15,502,384 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

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/Jos Pinnington (Sales and Corporate Broking) Tel: [phone] Walbrook PR Tom Cooper / Nick Rome 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 advanced sensor technology and measurement solutions used by some of the world's leading companies to improve performance, efficiency and safety in demanding, mission critical applications.  Transense currently operates through two active business segments:

·    SAWsense - designs, supplies and licences advanced sensor solutions based on proven, patent protected Surface Acoustic Wave (SAW) technology to world leading companies in aerospace, electric motors and drives, industrial machinery (including robotics) and motor sport. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied and several other confidential Tier One automotive and aerospace suppliers.

·    Translogik - develops smart, connected commercial vehicle tyre inspection equipment to many of the world's leading tyre suppliers, fleet operators and service centres, that accurately measure and digitally capture safety-critical tyre condition data, used to reduce operating costs, improve safety and provide audit records for regulatory compliance. Key customers include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and leading independent providers of vehicle fleet maintenance management software.

Transense earns residual royalty income from iTrack - a tyre monitoring system for off-highway vehicles that was designed, developed and supplied by Translogik and sold under subscription to leading global mining companies. The associated sales, support and development infrastructure were sold to Bridgestone Corporation Japan, the world's largest tyre producer, in June 2020, and the intellectual property was licenced exclusively to Bridgestone under a ten-year deal expiring in 2030.

For further information please contact [e-mail]

 

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