Transense Technologies PLC Translogik iTrack Contract Win in new Territory (9732G)
November 12 2018 - 1:00AM
UK Regulatory
TIDMTRT
RNS Number : 9732G
Transense Technologies PLC
12 November 2018
Transense Technologies plc
("Transense" or the "Company")
New Translogik iTrack Contract Win in new Territory
Transense Technologies plc, the provider of sensor systems for
the industrial, mining and transportation markets, is pleased to
announce that Translogik, its trading division providing tyre
management solutions, has won a contract to supply 24 iTrack II
mining tyre monitoring systems including the full suite of Data
Analytics for large haul trucks at Southern Copper's Cuajone mine
in Peru.
These systems are to be supplied on a subscription model basis.
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
Transense with a recurring revenue stream.
Josue Vilchez, General Chief Mine Operation, said: "We have
conducted extensive trials over the course of the last 18 months
with all of the current market leading systems and we have
concluded that iTrack is the best TPMS system in the mining
environment available. We are very keen to start operations with
iTrack II which will allow us to immediately benefit from the
increase in production and health and safety that iTrack provides.
The system will initially be installed on our Cat 797F Haul Truck
fleet however, we expect iTrack will subsequently be rolled out to
our extended fleet in Peru which amounts to a further 100
trucks."
Graham Storey, CEO of Transense, said: "This is further
validation of the superior qualities of the iTrack system over and
above any other system available in the market today. Southern
Copper's decision to adopt the entire suite of Data Analytics is an
indication of the increasing awareness of the value of the
analytical data that our 24/7 Monitoring and Analytics centre in
Chile produces which greatly enhances the overall value of the
system."
For further information, please visit www.transense.co.uk or
contact:
Transense Technologies plc Tel: +44 1869 238
Graham Storey, Chief Executive 380
finnCap (Nomad and Broker) Tel: +44 20 7220 0500
Ed Frisby, Giles Rolls (Corporate Finance)
Tim Redfern (Corporate Broking)
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 Southern Copper
SCC is one of the largest integrated copper producers in the
world. They produce copper, molybdenum, zinc, lead, coal and
silver. All their mining, smelting and refining facilities are
located in Peru and Mexico and they conduct exploration activities
in those countries and Chile. Since 1996, their common stock is
listed on both the New York and Lima Stock Exchanges.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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