# Transense Technologies plc “Well placed to increase our share of a growing market”

- Link: https://www.directorstalkinterviews.com/transense-technologies-plc-well-placed-increase-share-growing-market/412745271
- Published: 2018-02-07T07:20:28+00:00
- Author: Giles Arbor

**Transense Technologies plc** (LON:TRT), the provider of sensor systems for the
transportation and industrial markets, reports today the results for the six months
ended 31 December 2017.

Highlights:

• Translogik revenues (iTrack & probes) up 96% to £1.02m (Dec 2016: £0.52m)

• Group revenues of £1.07m (Dec 2016: £1.04m)

• iTrack II opex rental model adopted at Glencore & BHP mines

• Translogik probe revenues gaining momentum

• Net loss before taxation for the period of £0.92m (Dec 2016: £0.95m)

• Operating cash outflow before movements in working capital £0.72m (Dec 2016: £
0.80m)

• Net cash at end of period of £1.33m (Jun 2017: £2.52m)

> **Executive Chairman of Transense Technologies plc, David Ford, said:** “During
> the first half of the financial year, Translogik has achieved significant market
> traction for both tyre probes and the iTrack II system for mine haul trucks. The
> progress made is not yet fully evident in these financial results, however buying
> decisions made by major customers during the period give rise to greater visibility
> of future earning streams than the Company has ever been able to achieve previously.”
> “Our relationship with GE continues to deepen, and interest in SAW technology 
> is spreading throughout their operating divisions and central technical group.
> Furthermore, we continue to develop potential applications in other sectors, including
> automotive and marine, with positive results.”
> “We believe that we are well placed to increase our share of a growing market 
> for Tyre Pressure Monitoring Systems in large mine haul trucks as adoption rates
> increase, although we recognise that decision timescales continue to extend further
> than previously envisaged. Meanwhile, in the on road commercial fleet market, 
> we believe that the specification of our range of tyre tread depth probes by leading
> tyre producers will continue to generate additional pull through of end user demand,
> and we remain confident of further growth in this segment of our business.”

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