RCS - Transense Technlgy - SAW: Extension of scope of licence agreement

Transense TechnologiesAnnouncement

05/06/2023 07:00

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RNS Number : 5346B  Transense Technologies PLC  05 June 2023

Reach - a non-regulatory announcement

 

5 June 2023

 

Transense Technologies plc

 ("Transense" or the "Company")

 

Extension of scope of licence agreement with GE Aerospace ("GE")

for CFM's Revolutionary Innovation for Sustainable Engines ("RISE") technology
demonstrator program

 

Transense Technologies plc (AIM: TRT), the developer of specialist sensor
systems, has agreed to an extension to the field of use covered by a licence
for its Surface Acoustic Wave (SAW) torque sensor technology granted to GE
Aerospace in 2016.  The extension permits the technology to be used by GE
Aerospace solely for research and development, testing, evaluation,
certification, and qualification purposes under the CFM International RISE*
program.

GE Aerospace and Safran unveiled the CFM RISE* program in 2021 to mature
next-generation propulsion technologies such as open fan architecture.
Technologies matured under the program will serve as the foundation for the
next generation CFM engine that could be commercially available by the
mid-2030s.  Further information on the RISE* program is available at
https://www.cfmaeroengines.com/rise/.

This extension of scope generates a nominal additional licence fee and will
open opportunities for Transense to provide technical support to GE and its
affiliates during the development phase.  A similar extension covering GE
Aerospace's hybrid electric demonstrator was granted in May 2022, under which
customer-funded project work is already underway.

 

Nigel Rogers, Executive Chairman at Transense, commented:

"This is an exciting further step towards wider future adoption of our SAW
technology in the commercial aerospace sector following its selection for
military use in GE's T901 engine, where our torque monitoring capabilities
offer valuable advantages to support increased power, efficiency, payload, and
range.

We are confident of further success in this important target market, which is
engaged in rapid innovation to meet the challenging sustainability demands of
a changing world. "

 

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

 Transense Technologies plc

 Nigel Rogers (Executive Chairman)

 Melvyn Segal (CFO)        Via Walbrook PR

Walbrook PR

 Tom Cooper / Nick Rome             Tel: +44 (0)20 7933 8780

 Transense@walbrookpr.com
 ·    RISE is a registered trademark of CFM International, a 50-50 joint
 company between GE and Safran Aircraft Engines.

 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:

 SAWsense - 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)

 

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