Transense Technologies Plc (LON:TRT) Chief Executive Officer Graham Storey chats with DirectorsTalk about the Sale of its IntelliSAW division for US $5 million, providing background to the sale and the reasoning behind it. Graham tells us what the funds will be used for and the focus of Transense going forward and explains how the current state of the mining sector has benefited the company.
Transense Technologies Plc is a UK holding company. It provides technical and research and development resource to its trading divisions. 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. TRT is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions Translogik and SAWSense, respectively. The company shares are admitted to trading on AIM, a market operated by the London Stock Exchange.