Business
Re Directorate Changes
Re Directorate Changes.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \n\n\n\n\nTransense Technologies plc (the 'Company' or 'Transense')\n\nRe Directorate Changes\n\n11 January 2010\n\nThe board of Transense (the \"Board\") wishes to announce that Norman Smith, Joint\nCEO, and Melvyn Segal, Finance Director, will be stepping down from their\nrespective Executive positions and taking up Non-executive Board roles with\neffect from 1st February 2010.\n\nNorman Smith has fulfilled a specific role for Transense over the past eighteen\nmonths, developing key relationships between Transense and its partners, and\nmanaging a range of operational process improvements that allow the Company to\nfully exploit its world class technology and engineering expertise. Norman will\ncontinue to provide his valuable experience to Transense in his new\nNon-executive role.\n\nMelvyn joined the Board in December 2007 having been part of the team that\nsuccessfully raised £4 million of funding in January 2008. Over the last two\nyears Melvyn has organised the accounting functions, reviewed and reduced\noverhead expenditure and put in place a range of reporting tools, financial\ncontrols and management processes that ensure the Company is run as efficiently\nas possible. This work is now largely complete and no longer requires a\nfull-time member of staff. Melvyn will be available to comment on the accounts\nof the Company in his new Non-executive role.\n\nThe Board wishes to thank both Norman and Melvyn for their valuable\ncontributions in transforming Transense into a modern, efficient and growing\ntechnology group and looks forward to working with them in their new roles.\n\n\n\nContacts:\n\n\n Transense Technologies PLC\n\n Graham Storey 01869 238380\n\n\n Brewin Dolphin Investment Banking\n\n Neil Baldwin 0845 213 4730\n\n Sean Wyndham-Quin\n\n\nAbout Transense\n\nTransense Technologies is a technology transfer company based in Upper Heyford,\nOxfordshire. Transense develops Surface Acoustic Wave (SAW), wireless,\nbatteryless, sensor systems in partnership with its licensees and partners,\nHoneywell, Melexis, Michelin, Sengenuity, Stack, Tai-Saw, Texas Instruments,\nSCHOTT, McLaren Electronic Systems and Carbon Motors.\n\nCurrent applications include Tyre Pressure Monitoring Systems (TPMS) and torque\nsystems for Electrical Power Assisted Steering (EPAS) and driveline management.\n\...