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TRANSENSE TECHNOLOGIES PLC — Regulatory Filings 2013
Jun 7, 2013
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RNS Number : 5173G
Transense Technologies PLC
07 June 2013
Transense Technologies plc
Major iTrack Contract with Kumba Iron Ore (a subsidiary of Anglo American)
Transense Technologies plc ("Transense" or the "Company") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce its trading division, Translogik, has signed a contract with Kumba Iron Ore ("Kumba"), a subsidiary of Anglo American ("Anglo") in South Africa, for the provison of further iTrack mining vehicle tyre monitoring systems to its Sishen mine over the next twelve months. The contract, which is in South African Rand, is for a total sale value of approximately £1m. In addition, after the first year, the supply of services and consumables is expected to yield ongoing sales of approximately £500k pa. In order to facilitate the growing scale of the Kumba deployment, Translogik has been working with Anglo's electrical service contractor, Trysome, who supply certified technicians providing on-site installation and repair services to the mining industry.
Graham Storey, CEO of Transense, commented, "We are delighted that after extensive testing and trials of the Translogik iTrack system we have secured this high-profile contract. To our knowledge this is the largest single deployment of tyre monitoring systems to the mining industry anywhere in the world. Anglo is committed to achieving a 'zero harm' work environment for all its employees.
"It has been a lengthy process to reach this point, but with the iTrack system having now received a major validation from Anglo and significant drivers for adoption within the mining industy through the requirements to improve safety and maximise vehicle productivity, we are now looking forward to replicating this commercial success at other sites where iTrack field trials are currently underway."
For further information, please contact:
| Transense Technologies plc | Tel: +44 1869 238 380 |
| Graham Storey, Chief Executive | |
| N+1 Singer - Nominated Adviser & Broker Shaun Dobson, Aubrey Powell | Tel: +44 20 7496 3000 |
| Newgate Threadneedle | Tel: +44 20 7653 9850 |
| Caroline Evans-Jones, Robyn McConnachie |
About Kumba Iron Ore
Kumba Iron Ore Limited is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba is a member of the Anglo American plc group.
About Anglo American
Anglo American are one of the world's largest mining companies. Its portfolio of high-quality mining assets and natural resources spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. It operates in Africa, Europe, South and North America, Australia and Asia. Headquartered in London with 107,000 permanent employees.
About Trysome
Trysome Auto Electrical is the largest, single-source supplier of heavy-duty, auto-electrical components and collision avoidance systems in South Africa.
Established in 1991 by Edwin William Smith, Trysome is well represented country-wide with its head office in Gauteng and regional offices in Mpumalanga, Western Cape, KwaZulu Natal, Northern Cape and North West. A satellite branch has recently been opened in Zambia.
Trysome is focused on sourcing OEM and specialised auto-electrical, replacement components and collision avoidance systems for operators of heavy-duty automotive, earth-moving, construction, agricultural, transport and mining machinery.
In addition to sourcing, Trysome is committed to the development and innovation of auto-electrical and safety products. The Company's state-of-the-art technology, in collision avoidance and safety systems, has already been adopted by, and is operational in, many of South Africa's mines.
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.
Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency and reliability of wind turbines.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").
About Translogik
Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road) and commercial vehicle markets.
The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.
The Products have been designed to operate in the most hostile and demanding environments, such as mining, earth-moving and construction.
www.trans-logik.com
This information is provided by RNS
The company news service from the London Stock Exchange
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