Transense Technologies plc
Transense Technologies plc is engaged in the development of non-contact, battery-less sensors and their electronic interrogation systems for measuring tyre pressure and temperature, non-contact systems for measuring torque in drive shafts and electric power-assisted steering, plus various other pressure, temperature and torque devices that utilize the Company's Surface Acoustic Wave Technology in automotive applications. The Company's applications include Tyre Pressure Monitoring Systems (TPMS) and torque systems for Electrical Power Assisted Steering (EPAS) and driveline management. The Company's wholly owned subsidiaries include Transense Technology Research Limited, Transense Steering Limited and Piezotec Limited.
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Transense Technology and Qingdao Mesnac in tyre pressure collaboration
Shares in Transense Tech (AIM:TRT) have risen 17 percent following an agreement to develop a collaborative relationship with Chinese tyre manufacturer Qingdao Mesnac Co. (SZ:002073).
Transense and Mesnac have entered into an agreement to combine their individual areas of expertise, for the purpose of developing Transense Tech's patented tyre pressure monitoring sensor technology.
Under the terms of the agreement Mesnac have agreed to an initial upfront payment and will pay additional sums for technology transfer/engineering support on an as required basis.
Graham Storey, Commercial Director of Transense commented, "We are delighted to have signed this agreement with Mesnac. We recently visited their facilities in China and were extremely impressed with their production environment and technical expertise.
According to Mr Storey Mesnac plan to develop Transense Tech's patented technology and apply it to off the Road vehicles, trucks and passenger cars.
The deal will add to Transense Technology's catalogue of licensees and partners including, Honeywell, Melexis, Michelin, Sengenuity, Stack, Tai-Saw, Texas Instruments, SCHOTT, McLaren Electronic Systems and Carbon Motors.
Qingdao Mesnac Co. Ltd. is a tyre technology company based in Quingdao, China. Mesnac have developed a range of tyre and industrial production processes, control and testing systems and
supporting software.
