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REG - Transense Technlgy - Ryan Maughan appointed as Managing Director

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RNS Number : 5914H  Transense Technologies PLC  20 March 2024

Transense Technologies plc

("Transense" or the "Company")

 

Ryan Maughan appointed as Managing Director

 

Transense Technologies plc, the provider of specialist sensor technology and
measurement systems, is pleased to announce the appointment of Ryan Maughan as
the Company's Managing Director with immediate effect.

Ryan joined the Board of Transense on a part time basis as Business
Development Director of SAWsense on 1 December 2021, having previously served
as member of the SAW Commercial Advisory Panel, increasing his time commitment
in March 2023 to encompass business development activities of Translogik also.

He now steps up to Managing Director on a full time basis, with additional
responsibilities covering all business development, engineering and
operational activities of the Company, reporting to Executive Chairman Nigel
Rogers.

Nigel Rogers, Executive Chairman of Transense, said:

"I am delighted with the progress that has been made in generating a
substantial pipeline of new business opportunities in both SAWsense and
Translogik since Ryan joined the Company.  We are entering a new era in which
his skillset and experience building commercial partnerships and scaling up
operational capacity will be invaluable."

 

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

 Transense Technologies plc                                   Via Walbrook PR

 Nigel Rogers (Executive Chairman)

 Melvyn Segal (CFO)

 Ryan Maughan (Business Development Director)
 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)
 Walbrook PR                                                  Tel: +44 (0)20 7933 8780

 Tom Cooper/Nick Rome/Joe Walker                              Transense@walbrookpr.com

Notes to Editors:

Transense is a developer of specialist sensor technology and measurement
systems.  The Company has two active business divisions:

 

·    Translogik a range of smart, connected tyre inspection and management
equipment, used by leading tyre manufacturers, dealers and fleet operators to
reduce costs and improve safety; and

·    SAWsense, developing Surface Acoustic Wave (SAW) sensor technology,
to improve performance, reliability and efficiency in focus markets of
aerospace, automotive, robotics and industrial machinery.

 

In addition, the Company earns residual royalty income from Bridgestone iTrack
(new branding name for iTrack), a tyre condition and performance monitoring
system, that was developed by Translogik and subsequently licensed to
Bridgestone Corporation for a ten year period in 2020, expiring in 2030.

 

The Group's strategy is to maximise shareholder value through the delivery of
sustained revenue growth from its business divisions by leveraging excellence
in innovation and know-how to commercialise technologies through industry
partnerships and exposure to global growth markets.

 

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on
AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.
www.transense.com

 

For further information please contact transense@walbrookpr.com
(mailto:transense@walbrookpr.com)

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