# Transense Technologies plc Q&A: Final Results (LON:TRT)

- Link: https://www.directorstalkinterviews.com/transense-technologies-plc-qa-final-results-lontrt/412736983
- Published: 2017-09-28T09:10:57+01:00
- Author: Amilia Stone

**Transense Technologies plc** (LON:TRT) Chief Executive Officer Graham Storey caught
up with DirectorsTalk for an exclusive interview to discuss their final results 
for year ended 30th June 2017

 

**Q1: Final results issues today for the year ended 30th June, what were your key
achievements in the year?**

**A1**: I think completely the GE license, launching iTrack II with its increased
market penetration and recently we’ve experienced an upswing in our tread depth 
probe so they would be the highlights.

 

**Q2: Can you tell us more about the recent new Translogik iTrack contract win with
BHP Billiton (LON:BLT) and Glencore ([LON:GLEN](https://www.directorstalkinterviews.com/ftse-company/glencore-plc/glen.l))
in Australia?**

**A2**: We’ve actually been supplying Glencore’s Ravensworth mine with iTrack for
over a year so the new contract there was really an expansion to the rest of the
fleet and they also subsequently added another mine called Rolleston.

We’ve been supplying BHP in Chile at their Spence mine for over 2 years so once 
again, this is more of an expansion into another of the group’s mines rather than
a new client although of course this is in Australia which is significant.

It’s gratifying generally that two of the largest mines in the world are expanding
the use of iTrack and we’re hopeful of future contract wins with these companies.

 

**Q3: Can you shed more light on the completion of the GE licence agreement? What
does it mean for Transense Technologies?**

**A3**: Well, our SAW sensor was subjected to the most stringent and exhaustive 
series of tests ever undertaken and passed with flying colours so that’s not only
good news for our relationship with GE but elsewhere. GE are generally probably 
the best possible industrial partner for SAWSense, they have significant opportunities
in the multiple applications which we hope to develop with them in the coming years.

 

**Q4: You mentioned that you have a positive outlook, what can we expect to see 
from Transense Technologies this year?**

**A4**: Increasing adoption across all of the group’s different products namely 
iTrack, with trials underway in Australia, Namibia, West Africa and Peru, in addition
to these new territories we hopeful of further rollouts at BHP Billiton and Glencore,
particularly in Australia and Latin America.

Also, clients like Goodyear and Bridgestone are rolling out new software platform
to incorporate our tread depth probe. Sales this year are markedly ahead of our 
budgets, having already received orders for this quarter for circa 3 times the quantity
we sold in the last quarter so we believe that tread depth probes will play an increasing
part in our revenue going forward.

We also just made a breakthrough sale of 90 Passenger Car Audit Systems in South
Africa and we’re hopeful of more sales in that territory and elsewhere.

Finally, SAWSense, our relationship with GE continues to widen and deepen and we’re
increasingly working closer with them on a variety of projects so we see the next
financial year as being very positive in that area too.

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