Transense Technology Plc (LON:TRT) CEO Graham Storey joins DirectorsTalk to discuss the final results for the year ended 30th June. Graham talks us through the key achievements, tells us more about the recent New Translogik iTrack Contract Wins with BHP and Glencore in Australia, expands on the GE license agreement and tells us what we can expect to see from Transense this year.
Transense Technologies based in Oxfordshire, UK, 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 transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense. Transense’s shares are admitted to trading on AIM, a market operated by the London Stock Exchange. The Board believes that the technology and products developed by the Group are now well positioned in their marketplaces. It anticipates that the market traction demonstrated to date will continue to build and is accordingly cautiously optimistic of future prospects.