Transense Technologies PLC

04 July 2022

Reach: Non-regulatory announcement

Transense Technologies plc


SAW update - Appointment of Technical Director

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, is pleased to announce the appointment of Andy Bullock to the newly created position of Technical Director (non-Board). Andy has a demonstrable and proven record leading the design and development of complex electronic solutions, and associated manufacturing processes for the energy, security, defence, and satellite sectors.

Andy's appointment will enhance Transense' capability to support new and existing customers, helping them to adopt the Transense SAW technology in applications such as electric vehicle drive units and complex off-highway and industrial machinery. Andy joined on 01 July 2022, ensuring an efficient handover period with Victor Kalinin, Chief Scientist and Technologies Director, who plans to retire towards the end of this year.

Nigel Rogers, Executive Chairman of Transense, said: "We are delighted that Andy is joining Transense at this exciting time, with work underway on market, product and process development following our recent success with the Advanced Propulsion Centre funded Technology Developer Accelerator Programme. He brings proven leadership credentials, a pragmatic results-orientated approach, and a wealth of relevant experience."

For further information please visit www.transense.com or contact:

 Transense Technologies plc                 Via Walbrook PR 
  Nigel Rogers (Executive Chairman) 
  Melvyn Segal (CFO) 
 Allenby Capital (Nominated Adviser and     Tel: +44 (0)20 3328 
  Broker)                                    5656 
  Jeremy Porter / George Payne (Corporate 
  Tony Quirke (Sales & Corporate Broking) 
 Walbrook PR                                Tel: +44 (0)20 7933 
  Tom Cooper / Nick Rome                     8780 

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense 's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the

London Stock Exchange (AIM: TRT), in 1999.   www.transense.com 

For further information please contact transense@walbrookpr.com .

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July 04, 2022 02:00 ET (06:00 GMT)

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