RCS - Transense Technlgy - New Automotive eDrive Business Contract

Transense TechnologiesAnnouncement

03/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230503:nRSC1867Ya&default-theme=true

RNS Number : 1867Y  Transense Technologies PLC  03 May 2023

Reach - a non-regulatory announcement

 

3 May 2023

 

Transense Technologies plc

 ("Transense" or the "Company")

 

New Automotive eDrive Business Contract

 

Transense Technologies plc (AIM: TRT), the developer of specialist sensor
systems, has secured a new development project with a tier one automotive
electric propulsion systems business (the "Customer"). The Customer will work
with the Company to investigate the application of the Transense SAW sensor
technology in its electric motor drive or eDrive systems; measuring the output
torque of its electric motor and the ability for it to be used in the control
of its system. The development work will be funded by the Customer.

This new development project builds on the work carried out by the Company to
understand the potential benefits of bringing motor output torque and rotor
temperature into the control loop of automotive eDrive systems. The Company
has separately commissioned electric motor and transmission development
experts Drive System Design Limited to carry out a series of simulation
studies to increase the Company's understanding of this application.

Whilst the initial scope of work under this development project is not
financially material to Transense, if successful these projects could lead to
SAW technology being built into series production eDrive systems, which would
be a significant new application of the Company's technology.

Ryan Maughan, Business Development Director at Transense, commented: "This is
the second customer-funded program applying SAW technology in electric motors
that Transense has secured in the past 12 months. We are seeing a strong
market pull for SAW technology in eDrive systems, with several other programs
under discussion with major global OEMs and Tier one companies to deliver
improved performance, functional safety and efficiency by using SAW torque and
temperature sensing technology."

 

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

 Transense Technologies plc          Via Walbrook PR

 Nigel Rogers (Executive Chairman)

 Melvyn Segal (CFO)
 Walbrook PR                         Tel: +44 (0)20 7933 8780

 Tom Cooper / Nick Rome              Transense@walbrookpr.com

 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 wireless sensor technology and systems, and currently
 has three business segments:

 SAW - patent protected Surface Acoustic Wave sensor technology that provides
 real time measurement of torque, temperature, pressure and strain, and is used
 to improve efficiency, performance, safety and sustainability of propulsion
 systems and machinery.  Current focus is the development of a pipeline of
 high calibre customers and collaborative partnerships for a variety of
 applications in electric drives, aerospace, industrial machinery (including
 off-highway and robotics) and high performance automotive sectors.

 Translogik - smart, connected commercial vehicle tyre inspection equipment,
 used by vehicle fleets to more easily gather and maintain accurate tyre safety
 and condition data; and,

 iTrack - a tyre monitoring system for off-highway vehicles, licensed
 exclusively to Bridgestone Corporation, the world's largest tyre producer,
 under a ten-year deal expiring in 2030.

 For further information please contact transense@walbrookpr.com
 (mailto:transense@walbrookpr.com)

 

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 wireless sensor technology and systems, and currently
has three business segments:

SAW - patent protected Surface Acoustic Wave sensor technology that provides
real time measurement of torque, temperature, pressure and strain, and is used
to improve efficiency, performance, safety and sustainability of propulsion
systems and machinery.  Current focus is the development of a pipeline of
high calibre customers and collaborative partnerships for a variety of
applications in electric drives, aerospace, industrial machinery (including
off-highway and robotics) and high performance automotive sectors.

Translogik - smart, connected commercial vehicle tyre inspection equipment,
used by vehicle fleets to more easily gather and maintain accurate tyre safety
and condition data; and,

iTrack - a tyre monitoring system for off-highway vehicles, licensed
exclusively to Bridgestone Corporation, the world's largest tyre producer,
under a ten-year deal expiring in 2030.

For further information please contact transense@walbrookpr.com
(mailto:transense@walbrookpr.com)

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service
aimed at assisting listed and unlisted (including AIM quoted) companies
to distribute media only / non-regulatory news releases into the public
domain.   Information required to be notified under the AIM Rules for
Companies, Market Abuse Regulation or other regulation would be disseminated
as an RNS regulatory announcement and not on Reach.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUPUCCAUPWGRP