Transense Technologies Agrees to License Extension
June 05 2023 - 2:45AM
Dow Jones News
By Anthony O. Goriainoff
Transense Technologies said Monday that a license extension to
GE for its Surface Acoustic Wave, or SAW, torque sensor technology
generated a nominal additional license fee.
The London-listed specialist sensor-systems provider said the
extension was expected to open opportunities to provide technical
support to GE and its affiliates. This is due to the extension
allowing for the technology to be used by GE Aerospace on a
next-generation commercial fan motor aircraft engine.
"This is an exciting further step towards wider future adoption
of our SAW technology in the commercial aerospace sector following
its selection for military use in GE's T901 engine... We are
confident of further success in this important target market, which
is engaged in rapid innovation to meet the challenging
sustainability demands of a changing world," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 05, 2023 03:30 ET (07:30 GMT)
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