Transense Technologies Signs Deal with General Electric
July 18 2016 - 3:23AM
Dow Jones News
LONDON--Transense Technologies PLC (TRT.LN) Monday said it has
signed a deal worth more than $750,000 with General Electric
Company (GE) to provide its surface acoustic wave technology.
General Electric will also pay royalty to Transense Technologies
in respect of each unit using the technology, the provider of
sensor systems for the transportation and industrial markets
said.
The company added that GE will only pay a part of the payment,
which is of $250,000, if Transense's technology passes some tests
from GE.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
July 18, 2016 03:08 ET (07:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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