REG - Transense Technlgy - TRT joins £37.8m LANDOne project with Airbus & ATI

Transense TechnologiesAnnouncement

30/04/2024 07:00

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RNS Number : 4882M  Transense Technologies PLC  30 April 2024

Transense Technologies plc

 ("Transense" or the "Company")

 

Transense secures role in project developing next generation aircraft landing
gear with Airbus

 

Transense Technologies plc, is pleased to announce that it has formally joined
an Aerospace Technology Institute supported project, "LANDOne", with Airbus to
provide SAWsense technology and support the development of next generation
landing-systems technology.

 

LANDOne is a £37.8 Million project looking into new lighter, lower
maintenance landing gear systems. Officially launched in 2022, Transense has
joined the project due to the SAWsense technology potentially allowing
critical measurements to be made that were not possible with other
technologies.

 

Ryan Maughan, Managing Director of Transense said: "We are delighted to
announce this new project with Airbus, building on our experience in the
aerospace sector, and using SAWsense technology in an entirely new application
for landing-systems. As well as developing cutting edge technology in this
exciting application, the project allows Transense to build a relationship
with world leading aerospace businesses."

 

The LANDOne project is part-funded by the Aerospace Technology Institute (ATI)
Programme; a partnership between the ATI, the Government's Department for
Business & Trade and Innovate UK (part of UK Research and Innovation). The
ATI Programme provides funding for research & technology projects that
maintain and grow the UK's competitive position in civil aerospace.

 

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)

 Stefano Aquilino / Tony Quirke (Sales & 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:

 

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

·    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.

 

In addition, the Company earns residual royalty income from iTrack, a tyre
condition and performance monitoring system, that was licenced to Bridgestone
Corporation for a ten year period in 2020, expiring in 2030.

 

The Group's strategy is to deliver shareholder value through the delivery of
sustainable revenue growth from its business divisions. Transense is
successfully commercialising its IP and know-how, supporting its customers to
develop applications for its key technologies, generating revenues through
licensing, the supply of engineering services and product hardware.

 

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.

 

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