REG - Transense Technlgy - Directorate and Management Changes

Transense TechnologiesAnnouncement

13/03/2023 07:00

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RNS Number : 6472S  Transense Technologies PLC  13 March 2023

Transense Technologies plc

("Transense" or the "Company")

 

Directorate and Management changes

 

Transense Technologies plc, the developer of specialist sensor systems, today
announces the following board and management changes.

 

Board changes

Nick Hopkins, Chief Operating Officer, has agreed terms with the Company by
which he will step down as a director with immediate effect, and will leave
the Company on 30 April 2023 following a period of garden leave.  Since
joining Transense in April 2020, Nick has managed the transition of the
Surface Acoustic Wave (SAW) from a science-led technology developer into a
commercially driven business unit.  He has fulfilled an important role in
building engineering and operational capabilities and preparing the
organisation for growth.

 

Ryan Maughan, Business Development Director, will expand his current role
increasing his time commitment to Transense from 7 to 12 working days per
month. This will enable him to deliver further success in the expansion and
conversion of the sales pipeline. He will also take responsibility for the
leadership of Translogik, the tyre monitoring equipment segment, where he will
work closely with the Translogik Commercial director, Rob Carlaw.

 

Ryan will continue to report to Nigel Rogers (Executive Chairman).

 

Management changes

Andy Bullock has made a significant contribution to the business since he
joined Transense in July 2022 as Technical Director.  He will now expand his
current responsibilities to include day-to-day management of all operational
aspects of the business as Technical and Operations Director (non-Board), also
reporting to Nigel Rogers (Executive Chairman).

 

Finally, Paul Vickery (Commercial and Operations Director) who has been with
Transense for 19 years, will also leave the business with immediate effect by
way of redundancy.

 

Nigel Rogers, Executive Chairman, said:

 

"I would like to thank Nick for his commitment and professionalism in placing
our SAW business segment on a great platform for future success and wish him
well for the future, and likewise I would like to thank Paul for his many
years of commitment to Transense. Our management team will continue to focus
all our attention on the delivery of long term commercial partnerships from
amongst the many exciting opportunities that are in hand."

 

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 (Sales and Corporate Broking)
 Walbrook PR                                      Tel: +44 (0)20 7933 8780

 Tom Cooper/Nick Rome/Joe Walker                  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 tyremonitoring 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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