RCS - Transense Technlgy - Partnership with German software firm TIRETASK

Transense TechnologiesAnnouncement

18/11/2024 07:00

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RNS Number : 3204M  Transense Technologies PLC  18 November 2024

Reach - non-regulatory announcement*

18 November 2024

 

Transense Technologies plc

("Transense" or the "Company")

 

Transense and TIRETASK Launch Innovative Tyre Management Solutions in Key
Markets

Strengthening Fleet Management with Advanced Technology

 

Transense Technologies plc, a leader in sensor technology and measurement
solutions, has announced an exclusive partnership with German software firm
TIRETASK GmbH, to bring an all-in-one tyre management solution to the UK,
North America and Australia.  The collaboration introduces a powerful,
integrated tyre management system that combines Translogik's highly respected
tyre inspection tools with TIRETASK's advanced digital management software.

 

The all-in-one solution will be available from Transense via a flexible
monthly subscription model, aimed at fleet operators, tyre dealers, and other
industry professionals.  It integrates Translogik's precision tyre inspection
tools, which are widely used by global tyre manufacturers and fleet operators,
with TIRETASK's adaptable software platform.

 

Designed to simplify tyre management, the bundled solution provides users with
a centralised system for tyre inspection and management, enabling them to
access and act on crucial insights regarding tyre performance, safety and
lifespan.  By capturing and analysing tyre data efficiently, fleet operators
can reduce operational costs, enhance safety standards and extend tyre life.

 

"We are thrilled to partner with TIRETASK to offer this comprehensive
solution," said Ryan Maughan, Managing Director of Transense Technologies. "By
combining Translogik's inspection tools with TIRETASK's user-friendly
software, we're bringing commercial vehicle fleet operators and tyre dealers a
powerful resource that meets the evolving demands of the sector. This
all-in-one system is especially beneficial for vehicle fleet operators in key
markets, who can now gain actionable insights into tyre condition and
performance, supporting better decision-making and cost savings as well as
drastically reducing the time and cost of carrying out fleet tyre checks."

 

The partnership also marks TIRETASK's expansion from its primary market in
Germany into the UK, North America and Australia. Transense and TIRETASK have
closely collaborated to adapt the software platform for these regions, adding
features such as a streamlined tyre audit option for basic management needs
and a comprehensive, full lifecycle management solution for more advanced
requirements.

 

"We're excited to introduce our tyre management software to new markets
alongside Transense and Translogik," commented Markus Schubert, Co-Founder and
CEO of TIRETASK GmbH. "Our platform is designed to enhance fleet efficiency
and safety through data-driven decisions. This partnership allows us to
provide fleets in English-speaking regions with a unique, integrated solution
that brings together the best in tyre inspection and management technology."

 

Media Contact: Amy Maughan MCIPR. E: amy@amymaughanpr.co.uk / Tel: 07980
703566.

 

Enquiries: InvestorRelations@Transense.co.uk
(mailto:InvestorRelations@Transense.co.uk)

 

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)
 Allenby Capital (Nominated Adviser and Broker)                 Tel: +44 (0)20 3328 5656

 Jeremy Porter / George Payne (Corporate Finance)

 Stefano Aquilino / Tony Quirke (Sales and Corporate Broking)
 Investor Relations                                             Tel: +44 (0)1869 238380 investor.relations@transense.co.uk

                                                              (mailto:investor.relations@transense.co.uk)
 Anice McNamee

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.

 

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/)

 

About TIRETASK:

Based in Cologne, Germany, TIRETASK GmbH is an expert in tyre management
software. TireTask's adaptable, user-focused platform is designed to optimise
fleet operations, providing clear insights into tyre condition and performance
to support data-driven decision-making. Now available to users in the UK,
North America, and Australia, the platform's flexible management solutions
address the unique needs of a diverse international user base.

Find out more at: https://tiretask.de/en/home/ (https://tiretask.de/en/home/)

 

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