Business
MoU with Meggitt SA for SAW in aerospace sector
MoU with Meggitt SA for SAW in aerospace sector.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n \n \n Transense Technologies plc\n \n \n \n (\"Transense\" or the \"Company\")\n \n \n \n Transense and Meggitt SA enter into Memorandum of Understanding to evaluate licensing opportunities for Surface Acoustic Wave (SAW) sensor technology in the aerospace sector\n \n \n \n \n \n \n Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces the signing of a Memorandum of Understanding (MoU) with Meggitt SA, the designer and manufacturer of complete condition monitoring, vibration monitoring and measurement solutions for the aerospace and energy markets. \n \n \n \n \n \n Under the MoU, Transense will support Meggitt's evaluation of potential market opportunities for future deployment of SAW technology in the aerospace sector, with the shared intention for Transense to grant a licence covering relevant fields of use to Meggitt at the conclusion of the MoU on or before 31 December 2023.\n \n \n \n \n \n \n Nigel Rogers, Executive Chairman of Transense, said,\n \n \"We are delighted to be working with Meggitt SA in the aerospace market. We have developed close working relationships and have a shared vision of the many advantages that SAW technology offers to customers in this rapidly changing sector. Meggitt provides aerospace sensing and monitoring systems to the leading aerospace manufacturers and operators around the world, and are an ideal partner for Transense as we seek to promote our technology in this exciting arena.\"\n \n \n \n \n \n \n Pierre-Alain Brodard, Acting SVP, Engine Sensing Meggitt, added,\n \n \"We are excited about the collaboration with Transense. Their unique technology has the potential to become a great addition to our Engine Sensing portfolio. It fits perfectly with our strategy to support our Engine OEM customers with unparalleled sensing and monitoring solutions that are enabling the sustainable aviation of tomorrow...