Business
Contract Win
Contract Win.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 5802X Transense Technologies PLC 27 November 2017 \n\n 27 November 2017\nTransense Technologies plc\n(\"Transense\" or the \"Company\")\nNew Translogik iTrack Contract Win with BHP in Chile\n \nTransense 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.\nThese 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.\n \nGraham 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\".\n \nFor further information, please visit www.transense.co.uk or contact:\n \n\n\n\n\nTransense Technologies plc\nGraham Storey, Chief Executive\n \n\n\nTel: +44 1869 238 380\n\n\n\n\nfinnCap (Nomad and Joint Broker)\nEd Frisby, Giles Rolls (Corporate Finance)\nTony Quirke, Abigail Wayne (Corporate Broking)\n \n\n\nTel: +44 20 7220 0500\n\n\n\n\n \n\n\n\n\nBeaufort Securities (Joint Broker)\nElliot Hance (Corporate Broking)\n \n\n\nTel: +44 20 7382 8300\n\n\n\n\nIFC Advisory\nTim Metcalfe, Graham Herring, Heather Armstrong\n\n\nTel: +44 20 3053 8671\n\n\n\n\n \n \nNotes to editors:\nAbout iTrack II\nThe 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 th...