REG - Transense Technlgy - Appointment of Non-Executive Director

Transense TechnologiesAnnouncement

02/05/2023 13:00

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RNS Number : 1409Y  Transense Technologies PLC  02 May 2023

2 May 2023

 

Transense Technologies plc

 ("Transense" or the "Company")

 

Appointment of Non-Executive Director

 

Transense Technologies plc, the provider of specialist sensor systems, is
pleased to announce the appointment of Stephen Parker as an Independent
Non-Executive Director, with effect from 1 May 2023.

 

Stephen is an experienced board director with a track record of leading
businesses in the technology, automotive and transportation sectors.  He has
significant experience working in leading professional services firms advising
international companies in the development and implementation of business
strategy, and has hands on experience across the full business cycle from
start-ups to mergers and acquisitions, both buy-side and successful exit.

 

He is currently Senior Independent Director of YASA Limited, having been
Chairman guiding it through its early stages of innovation to scale-up,
industrialisation and its purchase by Mercedes-Benz Group AG in 2021.  YASA
designs and develops axial flux electric motors for premium and high
performance automotive applications.

 

Stephen is also Non-executive Chairman of Evolito Limited, an advanced
technology company that designs, develops and manufactures electric propulsion
units for the aerospace sector to power vertical lift and short flight
duration fixed wing aircraft.  Evolito was spun out of YASA on its sale to
Mercedes-Benz and is funded via private equity.

 

Previously, Stephen fulfilled a number of senior executive leadership roles in
international organisations including Unipart, Ricardo, AT Kearney, Perkins
Engines and Babcock International.  Stephen was also a senior independent
director at the Transport Research Foundation from 2015 to 2023 and is a
current Pro-chancellor at Coventry University where he was previously Chair of
the Board of Governors..

 

Nigel Rogers, Executive Chairman, said;

"We are delighted to welcome Stephen to the Board, where we can benefit from
his rich and varied knowledge, experience and insight, and his extensive
network of relevant business contacts.  We look forward to working with
Stephen to continue developing our exciting pipeline of opportunities,
especially for our Surface Acoustic Wave sensor technology."

 

Additional disclosures required under the AIM Rules for Companies

 

Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for
Companies, Stephen ("Steve") Parker, aged 70, is, or has during the last five
years, been a director or partner of the following companies and partnerships:

 

 Current Directorships or Partnerships  Directorships or Partnerships within the last five years
 Evolito Limited                        Stratford-Upon-Avon Town Trust

 YASA Limited                           Sinclair Forbes & Partners Limited

                                        Transport Research Foundation

 

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

 

 Transense Technologies plc                                   Via Walbrook PR

 Nigel Rogers (Executive Chairman)

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

 Jeremy Porter / George Payne (Corporate Finance)

 Tony Quirke / Jos Pinnington (Sales and Corporate Broking)
 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)

 

 

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