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RNS Number : 6285Y

ADVFN PLC

07 December 2017

 

 

For immediate release

 

7 December 2017 

 

ADVFN PLC

 ("ADVFN" or the "Company")

PlusOneCoin cryptocurrency project

 

The Board of ADVFN is pleased to announce the first phase of ADVFN's cryptocurrency project which it is developing in conjunction with On-Line PLC ("On-line"), following successful testing within the ADVFN community. ADVFN is today able to offer all its customers and members a PlusOneCoin wallet. PlusOneCoin is designed as a social media cryptocurrency which will allow social media users to interact and "up vote" content of other social media. 

 

The addition of the PlusOneCoin wallet to the ADVFN platform allows customers to deposit PlusOneCoin at ADVFN from the relevant blockchain. Customers will then, in due course, be able to exchange PlusOneCoin for social media items and products on the ADVFN site using PlusOneCoin wallet. PlusOneCoin can be transferred in and out of the PlusOneCoin wallet.

 

                                                                                                                                                             

The On-line supported PlusOneCoin wallet brings PlusOneCoin onto the ADVFN platform and facilitates and introduces its large mature user base to cryptocurrency, blockchain mining and other aspects of this emergent sector.   The wallet also provides ADVFN users with an educational platform to learn about cryptocurrencies, increased functionality on the ADVFN site as well as the potential of new products. For ADVFN, it creates a larger broader audience for it cryptocurrency information platform and presents additional potential revenue and business development prospects. On-line and ADVFN are each bearing their own costs in respect of the PlusOneCoin cryptocurrency cooperation project and there are currently no financial arrangements between the two companies in respect of this project. However, it is anticipated that On-line will in due course charge publishers like ADVFN a license fee for its software which supports the wallet, on terms to be agreed. 

                                                                                                                                                               

Clem Chambers, CEO of ADVFN said:

 

"PlusOneCoin has been quickly accepted by the ADVFN community during testing. With the integration of a PlusOneCoin wallet we now have a platform to roll out new functionality and products to the user base while giving ourselves, content creators and our users, powerful tools and new channels of monitisation."

Michael Hodges of On-line said:

 

"We have progressed our road map to create a content monitisation software platform on top of blockchain with the integration of a cryptocurrency wallet for the ADVFN community. Being able to work in an agile manner with a large established community has provided an opportunity to create software solutions. This underscores the potential of this and other projects."

 

 

 

More information on ADVFN can be found at: www.ADVFN.com

 

For further information please contact: 

 

 

ADVFN PLC Clem Chambers, CEO	+44 (0) 207 070 0909
Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com
Roland Cornish/Felicity Geidt	+44 (0) 207 628 3396

 

Glossary

 

"blockchain" is a distributed public digital ledger in which transactions made in PlusOneCoin are recorded chronologically

 

"cryptocurrency" is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of any central bank

 

Further details on PlusOneCoin are publicly available at www.plusonecoin.org

 

ENDS

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RNS Number : 4771Y

Curzon Energy PLC

06 December 2017

 

6 December 2017

 

Curzon Energy Plc

("Curzon Energy" or the "Company")

 

Commencement of Well Operations

 

 

Curzon Energy Plc, an energy company pursuing a targeted acquisition strategy of oil and gas appraisal and development assets, is pleased to announce that workover and clean-out operations commenced on 27 November 2017 on well 9-21, the first of five existing wells at its Coos Bay CBM project.

 

Cleanout operations on well 9-21 have been completed and the rig has moved on to the second well, Well 1-21. Following clean-out operations each well will undergo a series of flow tests in order to establish well deliverability. Aggregate flow results of all five wells will be released at the end of the workover campaign of all five wells, which we expect by early January 2018.

 

Curzon Energy is Operator and has a 100% working interest in the Coos Bay CBM project, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon, with 2C contingent resources of 273.5BCF. The Company is implementing a cost effective staged development plan, targeting first gas from Phase I in Q2 2018. The Phase I work programme consists of the low-cost workover of five existing, and drilling of two new wells.

 

Stephen Schoepfer, Managing Director of Curzon Energy said:

"We are delighted that operations have commenced and look forward to updating shareholders on our progress in due course."

 

 

For further information please contact:

 

Curzon Energy PLC	c/o Camarco
Stephen Schoepfer / Thomas Wagenhofer	+44 20 3757 4980
www.curzonenergy.com
SP Angel Corporate Finance LLP	+44 20 3470 0470
Richard Hail
Camarco (Financial PR)	+44 20 3757 4980
Georgia Edmonds / Kimberley Taylor / Monique Perks

 

 

Notes to Editors:

Curzon Energy was founded in 2016, with the objective of acquiring oil and gas development and production assets initially in the USA.  Its first acquisition is 100% of Coos Bay, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon with 2C contingent resources of 273.5BCF, where it intends on implementing a cost effective staged development plan to maximise shareholder value, targeting first gas in Q2 2018. Management intends on building on its attractive asset base in the future, utilising its first mover advantage with further selective value accretive acquisitions.

 

The Company is led by an experienced Board and senior management team who have extensive industry and financial experience. Curzon Energy is listed on the LSE Main Market under the ticker CZN.

 

About Coalbed Methane (CBM):

Coalbed methane gas (CBM), coal seam gas (CSG), or coal-mine methane (CMM) is a form of natural gas extracted from coal beds. It is an unconventional form of natural gas found in coal seams or coal deposits. CBM is generated during the process of coalification which is the transformation of plant material into coal and is contained in the coal microstructure. Typical recovery entails pumping water out of the coal to allow the gas to escape. Methane is the principal component of natural gas. Coalbed methane can be added to natural gas pipelines without any special treatment. CBM is made up of 95 per cent methane and does not contain sulphur compounds such as hydrogen sulphite.

 

The United States has the longest history and greatest volumes of CBM production, however other

countries such as Canada, China and Australia have increased production over the last decade.

 

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Thomas Wagenhofer, Technical Director of Curzon, who is a petroleum engineer and oil and gas executive with over 20 years' international industry experience. Mr. Wagenhofer holds a MS degree in Petroleum Engineering from the University of Texas at Austin (1995) and a BS degree in Petroleum Engineering from the University of Alaska Fairbanks (1994). He is a registered Professional Engineer with the Texas Board of Professional Engineers (current status inactive) in the State of Texas, USA.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

 

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RNS Number : 3614Y

LightwaveRF PLC

05 December 2017

 

5 December 2017

 

LightwaveRF plc

(AIM: LWRF)

Lightwave Generation 2 Apple HomeKit Range in Apple UK stores

LightwaveRF plc ("LightwaveRF" or the "Company"), the leading smart home solutions provider, announces that Apple has commenced the roll out of Lightwave's next generation Apple HomeKit certified product range across its UK retail store network.

The Generation 2 product range is on sale in a number of Apple stores, including its key London locations in Regent Street, Westfield and Covent Garden, as well as Manchester, Birmingham and Reading. This follows the Company's announcement on 19 October 2017 that the new Lightwave product range was available on Apple's online store. Apple has now started placing additional orders for the Company's Generation 2 range following stronger than expected sales volumes since launch.

Andrew Pearson, LightwaveRF's CEO, commented: 

"Although the Generation 2 range has only been on sale with Apple for a few weeks, the initial feedback and the placing of new orders at this early stage is very encouraging."

 

For further information:

LightwaveRF plc Andrew Pearson, CEO Kevin Edwards, CFO	www.lightwaveRF.com +44 (0) 121 250 3625
Stockdale Securities Limited Tom Griffiths / Edward Thomas	+44 (0) 20 7601 6100
Yellow Jersey    Charles Goodwin / Abena Affum / Katie Bairsto	www.yellowjerseypr.com +44 (0) 7747 788 221

 

 

 

About LightwaveRF

LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart home automation with the introduction of the market's first Internet enabled devices in 2008.  Today the Company markets a complete smart home system for lighting, heating, power and security.

 

LightwaveRF offers a cloud platform and an extensive range of retrofitted LightwaveRF designed and manufactured sockets, dimmers, relays, thermostats, 

heating, energy, sensing, monitoring and control devices. 

 

These devices are operated by conventional manual control, handheld remote, smartphone and tablet based apps.  The LightwaveRF system can also be operated using Google Assistant and Amazon Alexa voice control, is Apple HomeKit compatible and provides users with dashboards to manage their smart home.

 

We are dedicated to making everyone's lives easier and more fulfilled through world leading smart home technology.

                                                        

For further information and to sign up for investor news alerts please visit:

www.lightwaverf.com/corporate/

 

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RNS Number : 3398Y

EU Supply PLC

05 December 2017

 

5 December 2017

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract wins

 

Further to its announcement of 5 July 2017, EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it expects to generate more revenue from its contract with the Norwegian Government Agency for Financial Management (the "Customer") for the use of its CTMTM platform than originally expected.

 

Pursuant to the terms of the contract, over 200 other Norwegian state controlled entities/operations are able to use the Company's CTMTM platform via the Customer. To date, approximately 40 such entities have expressed an interest in engaging with the Company for its services. With the firm commitments received to date, the Company now expects additional revenues (over and above those stated in the original announcement) under the contract for integrations and other services of a minimum of £150k to be generated in 2018.

 

In addition, the Company announces that it has signed contracts with the Danish utility companies, "Energifyn" and "HOFOR", for the delivery of CTMTM as SaaS and related services. The contracts are expected to generate, in aggregate, licence revenues and paid for enhancements of approximately £75k from 2018 to 2021.

 

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Fredrik Wallmark, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, Ed Thomas

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 8,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

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RNS Number : 3398Y

EU Supply PLC

05 December 2017

 

5 December 2017

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract wins

 

Further to its announcement of 5 July 2017, EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it expects to generate more revenue from its contract with the Norwegian Government Agency for Financial Management (the "Customer") for the use of its CTMTM platform than originally expected.

 

Pursuant to the terms of the contract, over 200 other Norwegian state controlled entities/operations are able to use the Company's CTMTM platform via the Customer. To date, approximately 40 such entities have expressed an interest in engaging with the Company for its services. With the firm commitments received to date, the Company now expects additional revenues (over and above those stated in the original announcement) under the contract for integrations and other services of a minimum of £150k to be generated in 2018.

 

In addition, the Company announces that it has signed contracts with the Danish utility companies, "Energifyn" and "HOFOR", for the delivery of CTMTM as SaaS and related services. The contracts are expected to generate, in aggregate, licence revenues and paid for enhancements of approximately £75k from 2018 to 2021.

 

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Fredrik Wallmark, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, Ed Thomas

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 8,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

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RNS Number : 2522Y

Pennant International Group PLC

04 December 2017

 

                                                                                                                                                           

 

FOR IMMEDIATE RELEASE                                                                                   04 December 2017

 

PENNANT INTERNATIONAL GROUP PLC

(AIM:PEN)

 

 

 

Teaming agreement signed with Capewell Aerial Systems LLC

 

 

 

Pennant International Group plc ("Pennant" or the "Group"), the AIM quoted supplier of integrated training and support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that it has entered into a teaming agreement with Capewell Aerial Systems LLC (a global provider of engineered products for aerial delivery, life support and tactical gear for military, law enforcement and humanitarian agencies worldwide)("Capewell").

 

Pennant and Capewell have identified a number of opportunities to work together in North America and elsewhere to provide complementary products and services, enhancing end user experience and value, and on 29 November 2017, signed a teaming agreement which provides the framework to develop and implement these opportunities.

 

David Clements, Pennant Commercial Director, commented: "We are delighted to enter into this teaming arrangement with Capewell, a leader in aerial delivery. We are already working together on an innovative project for customers in North America and elsewhere and look forward to announcing further details in the New Year."

 

Jared Burns, Capewell Director of Operations, added: "Capewell is excited to be teaming with Pennant to expand on our existing products and services. We are focused on bringing new capabilities to our customers, and this agreement is a major step in that direction."

 

 

Enquiries:

 

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CEO David Clements, Commercial Director	+44 (0) 1452 714 881 +44 (0) 1452 714 914
WH Ireland Limited	www.whirelandplc.com
Mike Coe / Ed Allsopp	+44 (0) 117 945 3470
Walbrook PR (Financial PR)	[email protected]
Paul Vann / Tom Cooper	+44 (0)20 7933 8780 Mob: +44 (0)7768 807631

 

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RNS Number : 2172Y

Nanoco Group PLC

04 December 2017

 

NANOCO GROUP PLC

("Nanoco" or the "Company")

 

Commercial Supply and License Agreement with the Sports Turf Research Institute

 

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, today announces that it has signed a Commercial Supply and License Agreement with STRI Group, the world's leading consultancy for design, research and management of natural and synthetic sports turf surfaces.

 

Nanoco will supply its high performance CFQDs to STRI, which is developing CFQD enabled lighting systems to enhance seed germination and speed up the growth of turf for sporting venues and stadia fields. Specific financial details have not been disclosed.

Established in 1929, STRI has recently developed new research facilities in Australia and Qatar and launched design and consultancy hubs in Asia-Pacific, the Middle East and across Europe. Its wide-ranging consultancy services have been used at FIFA World Cup tournaments, the Olympic Games, Wimbledon Championships and The Open Golf Championships.

This latest agreement continues Nanoco's growth in its speciality lighting business where it is already developing products with partners for the horticulture and photodynamic therapy industries. Nanoco was named as a CES 2017 Innovation Awards Honoree for its work in sustainable plant growth in November 2016.

 

 

For further information, please contact:

 

MHP Communications                                                               Tel: +44 (0) 20 3128 8570         

Reg Hoare / Andrew Leach / Giles Robinson / Pete Lambie

[email protected] 

      

 

Notes for editors:

 

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, Nanoco has non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial Corporation. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.

 

Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

 

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.

 

 

About STRI

STRI is the leading global consultancy specialist for the development of elite standard sports surfaces. Providing advice and expertise on the research, design, construction and management of both natural and artificial sports fields of play across the world.

STRI was established in the UK in 1929, and now operates globally out of its three research and design hubs in Europe, Middle East and Asia-Pacific. Clients include some of the world's most iconic sports venues, international tournaments, sports governing bodies, sports club owners and facilities managers, local authorities and schools.

STRI has within its capabilities extensive staff resources working across wide range of R&D, design, consultancy and sustainability disciplines.

Visit www.strigroup.com for more information on STRI and their wide range of services.

 

 

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RNS Number : 7843X

Oxford Pharmascience Group PLC

29 November 2017

 

Oxford Pharmascience Group plc
("Oxford Pharmascience" or the "Company")

 

FDA Pre-IND Advice on OXPzero™ Ibuprofen OTC Opportunity

Oxford Pharmascience, the specialty pharmaceutical company that redevelops medicines to make them better, safer and easier to take, today announces it has received pre-IND scientific advice from the FDA (US regulatory authority) regarding the development programme requirements likely to be needed to support a future new drug application ("NDA") in the US for an OTC product containing OXPzero™ Ibuprofen. Key points from the advice are:

·      The OXPzero™ Ibuprofen drug substance is considered a new ibuprofen salt form and hence will need to be submitted as a 505(b)(2) application (which is typically a faster route to approval than a traditional development path), as it bridges to the well-established safety and efficacy of the reference ibuprofen product.

 

·      Based on the FDA responses, the understanding is that the US NDA can be submitted with only Phase I PK data and that no further safety or efficacy studies are required to licence the product for use in adults, however this will be further assessed once PK data are available with the final to-be-marketed OTC formulation.

 

·      Further data will be required for US paediatric development.

The Company is pleased that OTC formulations of OXPzeroTM Ibuprofen can, in principle, be registered in the US with relatively low cost and low risk pharmacokinetic data.

Subject to completion of the planned demerger (as announced on 10 November 2017 and described in detail in the Circular sent to shareholders on the same date), the OXPzeroTM platform will be owned by the separate private entity, Oxford Pharmascience Limited ("OPL") (currently a subsidiary of the Company). OPL will continue with the ongoing commercialisation of the OXPzeroTM platform assets in both OTC and prescription markets.

Marcelo Bravo, Chief Executive Officer of Oxford Pharmascience, commented:

"This FDA advice underpins our product development strategy for the US OTC market and it is encouraging that our novel, taste-masked OXPzeroTM Ibuprofen formulations can be developed for approval in the US without the need for costly Phase III trials."

For further information please contact:

 

Oxford Pharmascience Group Plc

Marcelo Bravo, Chief Executive               +44 20 7554 5875

Chris Hill, Chief Financial Officer 

 

N+1 Singer (Nominated Adviser & Broker)

Aubrey Powell/Jen Boorer                       +44 20 7496 3000

 

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RNS Number : 5802X

Transense Technologies PLC

27 November 2017

 

 27 November 2017

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win with BHP in Chile

 

Transense Technologies plc, the AIM quoted company focused on patent-protected sensor systems and supporting technology, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply 40 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado. Cerro Colorado are currently using 16 iTrack I units and have decided to upgrade to iTrack II and roll the system out to their entire fleet.

These systems are to be supplied on a rental and service basis via Otraco. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Translogik with a recurring revenue stream.

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another BHP mine to our growing list of iTrack users in Chile. We also operate iTrack II in BHP Spence Chile and recently added BHP South Walker Creek Australia and look forward to working more extensively with BHP in the future".

 

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

 

Transense Technologies plc Graham Storey, Chief Executive	Tel: +44 1869 238 380
finnCap (Nomad and Joint Broker) Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Abigail Wayne (Corporate Broking)	Tel: +44 20 7220 0500

 

Beaufort Securities (Joint Broker) Elliot Hance (Corporate Broking)	Tel: +44 20 7382 8300
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	Tel: +44 20 3053 8671

 

 

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate, reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the  pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximises the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

www.trans-logik.com/itrack-2/

 

 

 

 

About Otraco

 

Otraco is the world's leading provider of earthmover/off-the-road tyre management services to the mining industry. Their world-class credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open-pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining houses in Australia, Asia, Africa and South and North America, Otraco has established an impressive track record since its inception in 1972.

 

www.otraco.com 

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Transense Technologies PLC

27 November 2017

 

 27 November 2017

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win with BHP in Chile

 

Transense Technologies plc, the AIM quoted company focused on patent-protected sensor systems and supporting technology, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply 40 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado. Cerro Colorado are currently using 16 iTrack I units and have decided to upgrade to iTrack II and roll the system out to their entire fleet.

These systems are to be supplied on a rental and service basis via Otraco. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Translogik with a recurring revenue stream.

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another BHP mine to our growing list of iTrack users in Chile. We also operate iTrack II in BHP Spence Chile and recently added BHP South Walker Creek Australia and look forward to working more extensively with BHP in the future".

 

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

 

Transense Technologies plc Graham Storey, Chief Executive	Tel: +44 1869 238 380
finnCap (Nomad and Joint Broker) Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Abigail Wayne (Corporate Broking)	Tel: +44 20 7220 0500

 

Beaufort Securities (Joint Broker) Elliot Hance (Corporate Broking)	Tel: +44 20 7382 8300
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	Tel: +44 20 3053 8671

 

 

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate, reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the  pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximises the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

www.trans-logik.com/itrack-2/

 

 

 

 

About Otraco

 

Otraco is the world's leading provider of earthmover/off-the-road tyre management services to the mining industry. Their world-class credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open-pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining houses in Australia, Asia, Africa and South and North America, Otraco has established an impressive track record since its inception in 1972.

 

www.otraco.com 

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