Transense Technologies PLC AGM Statement (9974Z)
December 21 2017 - 2:00AM
UK Regulatory
TIDMTRT
RNS Number : 9974Z
Transense Technologies PLC
21 December 2017
21 December 2017
Transense Technologies plc
("Transense" or the "Company")
AGM Statement
At the Company's Annual General Meeting ("AGM") being held at
12.00 p.m. today at finnCap's offices, 60 New Broad Street, London,
EC2M 1JJ, the Chairman, David Ford, will make the following
statement:
"Trading since the start of our financial year in July has
benefitted from an increased contribution from both Probes and
iTrack II and the Board expect a similar financial performance to
the equivalent prior year period.
Since the financial year end we have announced two new iTrack II
rental deals with BHP covering 66 new rental units. These new
rental deals continue to build recurring cash flow for the
future.
The relationship with GE continues to strengthen and this
follows the successful completion of rigorous testing of our SAW
sensor technology. This has in turn increased GE's commitment to
SAW technology and we are aware it is being championed within GE's
internal and external network.
The use of our technology in the automotive field continues to
be evaluated including its use in the next generation electric
powered assisted steering systems. There also continues to be a
keen interest within motorsport.
The board remain cautiously optimistic."
For further information, please visit www.transense.co.uk or
contact:
Transense Technologies plc Tel: +44 1869 238 380
Graham Storey, Chief Executive
finnCap (Nomad and Joint Broker) Tel: +44 20 7220 0500
Ed Frisby, Giles Rolls (Corporate
Finance)
Tony Quirke, Abigail Wayne (Corporate
Broking)
Beaufort Securities (Joint Broker) Tel: +44 20 7382 8300
Elliot Hance (Corporate Broking)
IFC Advisory Tel: +44 20 3053 8671
Tim Metcalfe, Graham Herring, Heather Armstrong
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed
patent-protected sensor systems and supporting technology for use
in a variety of diverse high growth markets. Transense's Surface
Acoustic Wave (SAW), wireless, battery-less, sensor systems offer
significant advantages over legacy wireless sensor systems.
Transense is targeting the transport and mining industries, and the
global torque, temperature and pressure sensing markets, via its
trading divisions, Translogik and SAWSense.
Transense's shares are admitted to trading on AIM, a market
operated by the London Stock Exchange (AIM: "TRT").
www.transense.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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