RCS - Transense Technlgy - Contract with Logistics UK

Transense TechnologiesAnnouncement

03/03/2025 07:15

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RNS Number : 9756Y  Transense Technologies PLC  03 March 2025

RNS Reach - non-regulatory announcement*

 

3 March 2025

Transense Technologies plc

 

("Transense" or the "Company")

 

Transense secures contract with Logistics UK to digitise vehicle inspection

 

Transense Technologies plc, through its Translogik division, has secured a
landmark contract with Logistics UK, one of the country's largest business
groups representing the interests of transport companies operating vehicles
that move by road, air, rail or water and those that buy their services.

With a membership of more than 21,000 businesses, Logistics UK completes more
than 50,000 vehicle inspections per year. Seeking to enhance the efficiency of
its inspection services, Logistics UK has partnered with Transense to develop
a bespoke solution.

This new solution provides Logistics UK with the ability to offer an
industry-leading tyre condition monitoring service to members' fleets of all
types and sizes.

An initial three-year contract will see Logistics UK deploy Translogik TLGX
tyre inspection tools and TIRETASK software, which have been specially adapted
to seamlessly integrate with Vision, Logistics UK's comprehensive compliance
and certification software platform.

The nationwide roll-out across a network of more than 65 vehicle inspection
experts follows a rigorous development and testing period involving multiple
Logistics UK engineers trialling the tyre inspection tools and providing
feedback to refine the solution to meet their specific operational needs.

The system combines enhanced data collection using mobile tablet computers, a
customised TIRETASK inspection app with cloud-based data storage alongside
Translogik's tyre inspection tools. It will significantly improve data capture
whilst increasing efficiency and saving time, allowing engineers to focus on
the critical inspection task by eliminating the administration associated with
writing and uploading reports.

Chris Lipscomb, Operations Director at Logistics UK, commented:

"After an extensive trial and close collaboration with Transense, we're
excited to deploy this innovative digital inspection solution. Translogik's
TLGX tools and TIRETASK software will revolutionise our inspection process,
offering enhanced efficiency and unparalleled data quality and insight for our
members.

"Tyres are critical to the efficient fleet operations. Through correct tyre
management, our operators will see significant benefits from improved fuel
consumption and tyre life to a reduction in roadside breakdowns and downtime.
Increased tyre longevity reduces waste which is far better for the environment
too.

"We believe this rollout will set a new benchmark for value added content to
vehicle inspections. Real terms savings in fuel, tyre and maintenance costs
will be able to be evidenced through the innovative software presented in our
Vision platform vehicle inspections, combining robust data insights with
streamlined operational workflows."

Ryan Maughan, Managing Director at Transense Technologies, added:

"Our contract with Logistics UK represents a significant achievement for
Transense and demonstrates the value our solutions bring to the fleet and
logistics sectors.

"The partnership highlights the growing importance of digital transformation
in the logistics and fleet management industries for vehicle compliance and
inspection services. We're very proud to support Logistics UK in their mission
to deliver industry-leading services to their members."

"The Logistics UK contract, which was recently referenced in the trading
update of 22 January 2025 and the interim results announcements of 18 February
2025 as being well advanced, is a direct result of Transense's ongoing
partnership with TIRETASK GmbH, whose cutting-edge fleet management software
underpins the Translogik TLGX solution. By integrating TIRETASK's proven
technology, Transense has delivered a customised inspection platform tailored
to Logistics UK's needs, demonstrating the strength and adaptability of their
collaboration in driving digital transformation for the commercial vehicle
fleet industry. The rollout of the system to the Logistics UK team will take
several months as part of a wider information systems upgrade project in their
business, as such although strategically significant, the contract is not
expected to have a material impact on earnings this financial year."

 

 

For further information please visit www.transense.com or contact:

 Transense Technologies plc               Via Investor Relations

 Nigel Rogers (Executive Chairman)        (see below)

 Ryan Maughan (Managing Director)

 Melvyn Segal (Chief Financial Officer)

 

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, automotive, and industrial machinery
(including robotics), enabling improved efficiency and performance of their
products. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied,
Airbus and several other confidential Tier One automotive, aerospace and
industrial machinery suppliers.

Translogik - develops smart, connected commercial vehicle tyre inspection
equipment to many of the world's leading tyre suppliers, fleet operators and
service centres. Enabling accurate measurement and digital capture of
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, and a growing list of international territory distribution partners.

 

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

 

Find out more at: https://www.transense.com/ (https://www.transense.com/)

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