Announcement
Transense Technlgy : Contract Win
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.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTBRBLTMBTTMAR
;