Transense Technologies PLC
08 August 2007
Transense Technologies plc ('Transense')
Patent Administration Agreement with Schott AG
Transense and Schott AG ('Schott'), of Mainz, Germany, have signed a Patent
Administration Agreement concerning jointly developed intellectual property for
the packaging of Transense's patented Surface Acoustic Wave ('SAW') torque
sensors. Under the terms of the agreement, Schott has exclusive rights to
manufacture the packages that are the subject of the invention and Transense
will receive a royalty on every package sold. The filed patent should lead to
improvements in the performance of torque sensors, and also to facilitate the
volume production of the packaged sensors. Schott are already approved suppliers
to another of Transense's licensees, Honeywell, and Honeywell has made public
its intention to start volume production of SAW torque sensors in 2008.
Jim Perry, Transense's C.E.O. said: 'Schott, a world leader in electronic
component packaging and part of the Carl-Zeiss Foundation, is a € 2.23 billion
turnover business with operations around the world and 16,800 employees. We have
been working together for several years now and it is a pleasure to have such a
professional team of packaging experts helping us prepare our technology for
volume production. I am delighted that we have signed this agreement, and
Transense is looking forward to continuing close collaboration with Schott for
the development of packaged sensors for a variety of additional applications,
such as in-body medical sensors.'
Thomas Pfeiffer, Executive Vice President Automotive of Schott Electronic
Packaging GmbH, said: 'We have worked with Transense over the last few years on
different solutions, for the packaging of Transense's patented SAW technology
which has led to the invention for the packaging of the Transense torque sensor.
We are very pleased to sign the Patent Administration Agreement with Transense
to further support the launch of the torque sensor with our expertise in
electronic packaging and high volume production for the automotive industry. We
are looking forward to continuing our very good working relationship with
Transense on future challenges.'
For further information please contact:
James Perry, Chief Executive Tel: +44 1869 238 380
Transense Technologies plc www.transense.co.uk
Thomas Pfeiffer, Executive Vice President Automotive Tel: +49 871 826 306
Schott Electronic Packaging GmbH www.schott.com/epackaging
John Llewellyn-Lloyd, CEO Tel: +44 20 7763 2200
Graeme Bayley, Director
Noble & Company Limited
This information is provided by RNS
The company news service from the London Stock Exchange