Transense Technologies PLC Contract Win (5802X)
November 27 2017 - 3:29AM
UK Regulatory
TIDMTRT
RNS Number : 5802X
Transense Technologies PLC
27 November 2017
27 November 2017
Transense Technologies plc
("Transense" or the "Company")
New Translogik iTrack Contract Win with BHP in Chile
Transense Technologies plc, the AIM quoted company focused on
patent-protected sensor systems and supporting technology, is
pleased to announce that Translogik, its trading division providing
tyre management solutions, has won a further contract through its
Chilean partner Otraco, to supply 40 iTrack II mining tyre
monitoring systems for large haul trucks at the BHP Billiton mine
Cerro Colorado. Cerro Colorado are currently using 16 iTrack I
units and have decided to upgrade to iTrack II and roll the system
out to their entire fleet.
These systems are to be supplied on a rental and service basis
via Otraco. 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
Translogik with a recurring revenue stream.
Graham Storey, CEO of Transense, said: "We are very pleased to
have added another BHP mine to our growing list of iTrack users in
Chile. We also operate iTrack II in BHP Spence Chile and recently
added BHP South Walker Creek Australia and look forward to working
more extensively with BHP in the future".
For further information, please visit www.transense.co.uk or
contact:
Transense Technologies plc Tel: +44 1869
Graham Storey, Chief Executive 238 380
finnCap (Nomad and Joint Broker) Tel: +44 20 7220
Ed Frisby, Giles Rolls (Corporate 0500
Finance)
Tony Quirke, Abigail Wayne (Corporate
Broking)
Beaufort Securities (Joint Broker) Tel: +44 20 7382 8300
Elliot Hance (Corporate Broking)
IFC Advisory Tel: +44 20 3053 8671
Tim Metcalfe, Graham Herring, Heather Armstrong
Notes to editors:
About iTrack II
The iTrack II Mining system provides fast, accurate, reliable
real-time data on the condition of the tyres, combined with live
tracking of vehicle location and status. Our 24/7 Control Room
monitors the pressures and temperatures live, and this information
can, for example, be used to ensure tyres do not exceed critical
heat thresholds, detect incorrect load distributions, predict
suspension failures, eliminate manual tyre pressure checks and much
more. All of these benefits increase health and safety as well as
reducing maintenance and downtime, which maximises the hours a
truck is working (On-Road Truck Working Hours), which directly
correlates to an increase in production.
Existing iTrack users have reported increases in tyre life of up
to 30% and fuel savings of up to 3%. Savings of this magnitude
provide a rapid return on investment with the iTrack system paying
for itself in a matter of months and where the rental option is
chosen the system will pay for itself from day one.
www.trans-logik.com/itrack-2/
About Otraco
Otraco is the world's leading provider of
earthmover/off-the-road tyre management services to the mining
industry. Their world-class credentials are based on a proven
ability to reduce the cost of earthmover tyre operation for major
open-pit miners while maximising production and enhancing safety.
Advanced engineering systems and innovative maintenance, analysis
and reporting technologies combine to consistently reduce client
tyre costs, typically by 20% or more. As an independent technical
adviser and service provider to mining houses in Australia, Asia,
Africa and South and North America, Otraco has established an
impressive track record since its inception in 1972.
www.otraco.com
This information is provided by RNS
The company news service from the London Stock Exchange
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