Business
Major iTrack Order from Otraco in Chile
Major iTrack Order from Otraco in Chile.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 4543M Transense Technologies PLC 27 August 2013 \n\n27 August 2013\n Transense Technologies PLC\n(\"Transense\" or the \"Company\")\n \nMajor iTrack Order from Otraco in Chile\nTransense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik, has entered into a distribution agreement with Otraco Chile, a subsidiary of Otraco International (the world's leading provider of earthmover/off-the-road tyre management services to the mining industry), whose mining clients have immediately placed two major orders for two separate mines, for its iTrack mining vehicle monitoring system. The contracts are for a combined initial sale value of approximately £1 million, with on-going anticipated sales of £250,000 pa. \nGraham Storey, CEO of Transense, commented, \"We are delighted to have received another major order for Translogik's iTrack system, having recently secured our first major sale with Kumba Iron Ore in South Africa. Our engagement with Otraco began over two years ago and provides an indication of how long it can take to move from initial field trials to a live system deployment. The feedback we have received from Otraco at the various pilot sites has been invaluable in refining the iTrack system and making sure that it better meets the demands of the mining industry.\n\"Transense believes that the combination of improved safety and the rapid return on investment the system can provide through increased productivity and maximising tyre life, makes a very strong commercial case for mine operators to adopt the iTrack system. We now have large deployments in two of the world's largest mining regions with major operators, validating our own confidence in the value and operability of the system. The endorsement of companies such as Otraco has proved invaluable, and we expect the recent sales momentum to accelerate as further trials around the globe lead to live iTrack deployments.\"\nFor further information, please contact:\n \n\n\n\n\nTransense Technologies plc\n\n\nTel: +44 1869 238 380\n\n\n\n\nGraham Storey, Chief Executive\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nN+1 Singer - Nominated Adviser\nShaun Dobson, Aubrey Powell\n\n\nTel: +44 20 7496 3000\n\n\n\n\n\n\n\n\n\n\n\n\n\nNewgate Threadne...