Transense Technologies
plc
("Transense" or the "Company")
Transense secures role in
project developing next generation aircraft landing gear with
Airbus
Transense Technologies plc, is
pleased to announce that it has formally joined an Aerospace
Technology Institute supported project, "LANDOne", with Airbus to
provide SAWsense technology and support the development of next
generation landing-systems technology.
LANDOne is a £37.8 Million project
looking into new lighter, lower maintenance landing gear systems.
Officially launched in 2022, Transense has joined the project due
to the SAWsense technology potentially allowing critical
measurements to be made that were not possible with other
technologies.
Ryan Maughan, Managing Director of Transense
said: "We are delighted to announce
this new project with Airbus, building on our experience in the
aerospace sector, and using SAWsense technology in an entirely new
application for landing-systems. As well as developing cutting edge
technology in this exciting application, the project allows
Transense to build a relationship with world leading aerospace
businesses."
The LANDOne project is part-funded by the
Aerospace Technology Institute (ATI) Programme; a partnership
between the ATI, the Government's Department for Business &
Trade and Innovate UK (part of UK Research and Innovation). The ATI
Programme provides funding for research & technology projects
that maintain and grow the UK's competitive position in civil
aerospace.
For
further information please visit www.transense.com or contact:
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Transense Technologies plc
Nigel Rogers (Executive
Chairman)
Melvyn Segal (CFO)
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Via Walbrook PR
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Allenby Capital (Nominated Adviser and
Broker)
Jeremy Porter / George Payne
(Corporate Finance)
Stefano Aquilino / Tony Quirke
(Sales & Corporate Broking)
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Tel: +44 (0)20 3328 5656
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Walbrook PR
Tom Cooper/Nick Rome/Joe
Walker
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Tel: +44 (0)20 7933 8780
Transense@walbrookpr.com
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Notes to Editors:
Transense is a developer of
specialist sensor technology and measurement systems. The
Company has two active business divisions:
·
SAWsense, developing Surface Acoustic Wave (SAW)
sensor technology, to improve performance, reliability and
efficiency in focus markets of aerospace, automotive, robotics and
industrial machinery; and
·
Translogik a range of smart, connected tyre
inspection and management equipment, used by leading tyre
manufacturers, dealers and fleet operators to reduce costs and
improve safety.
In addition, the Company earns
residual royalty income from iTrack, a tyre condition and
performance monitoring system, that was licenced to Bridgestone
Corporation for a ten year period in 2020, expiring in
2030.
The Group's strategy is
to deliver shareholder value through the delivery
of sustainable revenue growth from its business divisions.
Transense is successfully commercialising its IP and know-how,
supporting its customers to develop applications for its key
technologies, generating revenues through licensing, the supply of
engineering services and product hardware.
Transense is headquartered in
Oxfordshire, UK, and was admitted to trading on AIM, a market
operated by the London Stock Exchange (AIM: TRT), in 1999.
www.transense.com
For further information please
contact transense@walbrookpr.com.