TRANSENSE TECHNOLOGIES PLC — Regulatory Filings 2017

Jul 31, 2017

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RNS Number : 4985M

Transense Technologies PLC

31 July 2017

Transense Technologies plc

("Transense" or the "Company")

Trading Update

Appointment of Joint Broker

Transense Technologies plc, the AIM listed company focused on patent-protected sensor systems and supporting technology is pleased to provide a trading update for the year ended 30 June 2017.

The trading results for the year ended 30 June 2017 are expected to be marginally ahead of the Board's expectations as revised on the release of the interim results in March, with revenues of approximately GBP2M, and closing cash balances of GBP2.5M.

In addition, the Company announces the appointment of Beaufort Securities Limited ("Beaufort") as joint broker to the Company to improve the service available to the large group of private investors interested in Transense. Beaufort look forward to marketing Transense to its network of UK retail and HNW investors, including providing retail tailored research on Transense as part of its ongoing services to the Company.

Graham Storey, CEO of Transense, commented: "I am delighted that the new iTrack II is gaining traction as evidenced by the recent announcements relating to Glencore and that our numbers are ahead of expectations. The appointment of Beaufort fits perfectly with our marketing strategy to open up Transense to a wider investment audience and enhance communication with our current retail shareholders."

For further information please visit www.transense.co.uk or contact:

Transense Technologies plc Graham Storey, Chief Executive	Tel: +44 1869 238 380
finnCap Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Alice Lane (Corporate Broking) Beaufort Securities Ltd Elliot Hance (Corporate Broking)	Tel: +44 20 7220 0500 Tel: +44 207 382 8300
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	Tel: +44 20 3053 8671

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW) wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global transport and mining industries, and the global torque, temperature and pressure sensing markets, via its two trading divisions,Translogik and SAWSense.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").

www.transense.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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