RCS - Transense Technlgy - Translogik Announces Partnership with AssetFindr

Transense TechnologiesAnnouncement

02/10/2024 07:00

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RNS Number : 5423G  Transense Technologies PLC  02 October 2024

Reach - non-regulatory announcement*

2 October 2024

Transense Technologies plc

("Transense", the "Company" or the "Group")

 

Translogik Announces Partnership with AssetFindr to Expand in Asian Market

 

Transense Technologies plc (AIM: TRT), the provider of specialist sensor
systems, announces that Translogik, a division of Transense , has formed a
strategic distribution partnership with AssetFindr, a provider of advanced
maintenance management software and internet of things (IoT) device solutions,
headquartered in Jakarta, Indonesia with a customer base across Southeast
Asia.

 

The collaboration opens a new sales region for Translogik, bringing its
cutting-edge tyre inspection and data capture tools to market for the first
time in Southeast Asia along with AssetFindr's TyreOptimaX module.

 

AssetFindr's CEO, Sugih Sutjiono, has more than 12 years of industry
experience working with tyre manufacturers and transport operators across
Indonesia. His expertise has been pivotal in developing solutions tailored for
fleet operators in logistics, mining, and other transport sectors.

 

AssetFindr's FleetOptimaX platform, including the TyreOptimaX module, offers
centralised control of vehicle maintenance, enabling operators to enhance
efficiency and reduce downtime through actionable insights tailored for the
demands of the Southeast Asian market.

 

The partnership will see Translogik's wireless tyre inspection tool integrated
into AssetFindr's platform, enabling fleet operators to streamline tyre
management.

 

Renowned for its speed and accuracy, Translogik's tool delivers a 70%
improvement in tyre inspection times and can measure tyre depth, pressure, and
read radio-frequency identification (RFID) and tyre-pressure monitoring system
(TPMS) data, all in one device. Automating data capture and processing,
removes the risk of human error and provides detailed reporting to support
informed decision-making, optimising fleet operations and procurement
strategies.

 

Sugih Sutjiono, CEO of AssetFindr, commented:

"We are excited to partner with Translogik to enhance our platform with their
market-leading tyre inspection technology. This integration will greatly
improve tyre management for our clients, driving efficiency and cost savings."

 

Kevin Hennelly, Director at Translogik, added:

"We are thrilled to collaborate with AssetFindr, integrating our tyre
inspection tools with their innovative TyreOptimaX module.

 

This partnership will provide fleet operators with real-time tyre data,
enhancing efficiency, reducing downtime, and improving tyre procurement. We
look forward to bringing these operational benefits to new customers in
Southeast Asia.

 

Our partnership with AssetFindr also marks a significant milestone for
Translogik, as we continue to expand our footprint in the Asian market,
offering innovative solutions to fleet operators across the region."

 

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 Assetfindr:

Assetfindr is a trading division of PT Solusi Berkat Inovasi, a company
registered in Jakarta Indonesia. For more information about Assetfindr please
visit: https://assetfindr.com/ (https://assetfindr.com/) .

 

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