Business
Translogik iTrack Contract Win in new Territory
Translogik iTrack Contract Win in new Territory.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 9732G Transense Technologies PLC 12 November 2018 \n\nTransense Technologies plc\n(\"Transense\" or the \"Company\")\nNew Translogik iTrack Contract Win in new Territory\n \nTransense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a contract to supply 24 iTrack II mining tyre monitoring systems including the full suite of Data Analytics for large haul trucks at Southern Copper's Cuajone mine in Peru.\nThese systems are to be supplied on a subscription model basis. 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 Transense with a recurring revenue stream.\nJosue Vilchez, General Chief Mine Operation, said: \"We have conducted extensive trials over the course of the last 18 months with all of the current market leading systems and we have concluded that iTrack is the best TPMS system in the mining environment available. We are very keen to start operations with iTrack II which will allow us to immediately benefit from the increase in production and health and safety that iTrack provides. The system will initially be installed on our Cat 797F Haul Truck fleet however, we expect iTrack will subsequently be rolled out to our extended fleet in Peru which amounts to a further 100 trucks.\" \n \nGraham Storey, CEO of Transense, said: \"This is further validation of the superior qualities of the iTrack system over and above any other system available in the market today. Southern Copper's decision to adopt the entire suite of Data Analytics is an indication of the increasing awareness of the value of the analytical data that our 24/7 Monitoring and Analytics centre in Chile produces which greatly enhances the overall value of the system.\"\n \nFor further information, please visit www.transense.co.uk or contact:\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 Broker)\nEd Frisby, Giles Rolls (Corporate Finance)\nTim Redfern (Corporate Broking)\n \n\n\nTel: +44 20 7220 0500\n\n\n\n  ...