Announcement
Transense Technlgy : Translogik Contract Win with Continental
RNS Number : 1804J
Transense Technologies PLC
16 December 2015
16th December 2015
Transense Technologies plc
("Transense" or the "Company")
Translogik Contract Win with Continental
Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that Translogik, its Tyre Management Solutions Division, has signed an agreement with Continental Reifen Deutschland GmbH, to supply its ContiTrade unit with the new iOS compatible version of its TL-G1 Tyre Inspection Probe. 85 kits have been ordered to date as the deployment commences, with significant further orders anticipated.
The tyre inspection probes will be used as part of ContiTrade's tyre management system, "FleetFox". This customer-focused system provides accurate, real-time information on tyre pressure, tread depth and overall tyre condition, including any potential damage, in order to provide recommendations on optimal usage and estimates for remaining tyre life and anticipated replacement dates.
Bernhard Bamberger, Head of Fleet Management Business Unit ContiTrade and Project Manager for the development of FleetFox, commented: "For the primary users of the FleetFox system, mainly truck tyre salesman, truck tyre fitters (in-store or mobile service) and roadside mobile support, having robust and reliable tyre inspection hardware is absolutely essential. Consequently, at the beginning of 2015 we realigned our tyre management hardware strategy and re-evaluated all our hardware suppliers. In terms of tyre data measurement tools, Translogik probes were determined to be the best. Our prior experience with the products, and the customer service orientation of Translogik were decisive factors in this decision.
Going forward, ContiTrade is planning a fully digital data strategy in its stores, with a strong focus on the consumer and commercial customers. As a long-standing partner of ContiTrade, supplying wireless tyre inspection tools, as well as other complementary services, ContiTrade will lead talks with Translogik about possible cooperation to a much greater extent in the future."
Graham Storey, CEO of Transense said: "The Translogik TL-G1 Probe, which is now used in 41 countries, 17 of these being in the EU, is well on the way to becoming the industry standard wireless tread depth and pressure measuring tool. Having the latest version of the probe used by ContiTrade's large retail network provides Translogik with another significant sales channel."
For further information, please contact:
Transense Technologies plc - Tel: +44 1869 238 380
Graham Storey, Chief Executive
finnCap - Tel: +44 20 7220 0500
Ed Frisby, Giles Rolls (corporate finance)
Tony Quirke, Alice Lane (corporate broking)
IFC Advisory - Tel: +44 20 3053 8671
Tim Metcalfe, Graham Herring, Heather Armstrong
About Transense Technologies
Based in Oxfordshire, UK, Transense 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. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").
About Translogik
Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road), commercial and passenger vehicle markets
The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.
The products have been designed to operate in hostile and demanding environments, such as mining, earth-moving and construction.
About Continental AG
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated preliminary sales of approximately €34.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech. Continental currently employs more than 205,000 people in 53 countries.
www.continental-corporation.com
About Continental Tire Division
The Tire Division currently has 24 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility. As one of the world's leading tire manufacturers with more than 47,000 employees, the Tire Division achieved sales of €9.8 billion in 2014.
About ContiTrade
ContiTrade is the umbrella organisation for retail activities of the Tire Division of Continental AG. With over 2,000 locations and over 6,000 employees in fourteen countries it sold over 5 million tires in 2014.
This information is provided by RNS
The company news service from the London Stock Exchange
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