RNS Number:6971N
Transense Technologies PLC
18 July 2003


Date:                            18 July 2003
On behalf of:                    Transense Technologies plc
Embargoed until:                 1000hrs



Transense Technologies plc
Wheelsure Fund Raising



Transense Technologies plc ("Transense" or "the Company") announces that
Wheelsure Holdings plc ("Wheelsure Holdings"), a company in which Transense has
a 75% interest, is undertaking a share issue in order to raise further funds for
its development.



Wheelsure Limited, a wholly owned subsidiary of Wheelsure Holdings, was
established in 2000 to develop a new safety device to stop nuts coming loose on
heavy vehicles and the loss of wheels and accidents caused there-from.
Transense has invested #187,000 in Wheelsure Limited by way of loans, in order
to help develop the product and improve and expand the intellectual property
rights to protect the invention.



Under the terms of the share issue shareholders in Transense will be offered
preferential rights to subscribe for the new shares being offered for sale in
Wheelsure Holdings.  The share issue is fully underwritten by Astaire & Partners
Ltd and following its completion Transense will be repaid the #187,000 of loans
it has made to Wheelsure Limited and retain a holding of approximately 12%.



A Prospectus will be posted to Transense shareholders later today setting out
the Wheelsure share issue in more detail.



Enquiries:

James Perry, Chief Executive                                Tel:  01869 238 380
Transense Technologies plc

Desmond Chapman, Director                                    Tel: 020 7332 2600
Astaire & Partners Ltd

Emma Kane/Katharine Sharkey                                 Tel:  020 7955 1410
Redleaf Communications Ltd




Notes to Editors:



*     Transense was founded in 1991 and its shares were listed on AIM in 1999;
*     Transense's technology is divided into two business streams:  Torque
      measurement and Pressure measurement;
*     Current licensees of Transense's technology include SmarTire,
      Michelin, Honeywell and TT electronics;
*     Further information on Transense is available at the Company's
      website at www.transense.co.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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