Transense Technologies PLC
28 October 2004
Date: 28 October 2004
On behalf of: Transense Technologies plc ('Transense')
Embargoed until: 0700hrs
Transense Technologies plc
Licence Agreement with Stack Ltd
Transense Technologies plc, developer and licensor of wireless sensor technology
for the automotive industry, has signed a licence agreement with Stack Ltd to
use its patented Surface Acoustic Wave (SAW) sensor technology in the field of
motorsport worldwide. Under terms of the agreement Transense will receive a
royalty on all sales incorporating its technology.
James Perry Chief Executive of Transense said last night: 'I am delighted that
Stack, the leading motorsport company in the world for dashboard and data
logging technology, has taken a licence to exploit our technology in this very
demanding area for tyre pressure monitoring and special torque sensing systems.
'We have been approached many times in recent years to address this market
sector, which includes F1 and world rally, but to do so effectively would have
taken too much of our engineering time and other programs, which our team have
been working on, would have suffered. However, this is the area in which Stack
specialise and the first use of our TPMS in motorsport is expected next year.'
Alan Rock, Managing Director of Stack said last night: 'We are delighted to be
working with Transense to exploit this exciting technology in motorsport. Tyre
pressure monitoring and torque measurement are both crucial in motorsport and we
have wanted to supply products in both these areas for a number of years. Until
now, the available technologies have not met our requirements for withstanding
the harsh demands of the motorsport environment. The Transense SAW technology
with all its inherent advantages over existing products at last offers a
suitable solution.
'We are confident that the Transense technology will enable us to provide the
best technical solutions for both TPMS and torque measuring systems in
motorsport and we look forward to becoming the leading force with these products
worldwide.'
Enquiries to:
Transense
James Perry, Chief Executive
james.perry@transense.co.uk Tel: 01869 238380
www.transense.co.uk
Redleaf Communications
Emma Kane/James White
Tel: 020 7955 1410
ek@redleafpr.com/jw@redleafpr.com Mob: 07876 338339
Stack Ltd
Alan Rock, Managing Director Tel: 01869 240404
arock@stackltd.com
www.stackltd.com
Notes to Editors:
• Transense was founded in 1991 and its shares were listed on AIM in 1999;
• Transense's technology is divided into two business streams: Torque
measurement and Pressure measurement;
• Current licensees of Transense's technology include SmarTire, 3DM,
Michelin, Honeywell, Temex Microsonics, Tai-Saw and TT electronics;
• Further information on Transense is available at the Company's website at
www.transense.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange