Transense Technologies PLC New Automotive eDrive Business Contract
03 May 2023 - 4:00PM
RNS Non-Regulatory
TIDMTRT
Transense Technologies PLC
03 May 2023
Reach - a non-regulatory announcement
3 May 2023
Transense Technologies plc
("Transense" or the "Company")
New Automotive eDrive Business Contract
Transense Technologies plc (AIM: TRT), the developer of
specialist sensor systems, has secured a new development project
with a tier one automotive electric propulsion systems business
(the "Customer"). The Customer will work with the Company to
investigate the application of the Transense SAW sensor technology
in its electric motor drive or eDrive systems; measuring the output
torque of its electric motor and the ability for it to be used in
the control of its system. The development work will be funded by
the Customer.
This new development project builds on the work carried out by
the Company to understand the potential benefits of bringing motor
output torque and rotor temperature into the control loop of
automotive eDrive systems. The Company has separately commissioned
electric motor and transmission development experts Drive System
Design Limited to carry out a series of simulation studies to
increase the Company's understanding of this application.
Whilst the initial scope of work under this development project
is not financially material to Transense, if successful these
projects could lead to SAW technology being built into series
production eDrive systems, which would be a significant new
application of the Company's technology.
Ryan Maughan, Business Development Director at Transense,
commented: "This is the second customer-funded program applying SAW
technology in electric motors that Transense has secured in the
past 12 months. We are seeing a strong market pull for SAW
technology in eDrive systems, with several other programs under
discussion with major global OEMs and Tier one companies to deliver
improved performance, functional safety and efficiency by using SAW
torque and temperature sensing technology."
For further information please visit www.transense.com or
contact:
Transense Technologies plc Via Walbrook PR
Nigel Rogers (Executive Chairman)
Melvyn Segal (CFO)
Walbrook PR Tel: +44 (0)20 7933 8780
Tom Cooper / Nick Rome Transense@walbrookpr.com
Notes to Editors:
Transense is headquartered in Oxfordshire, UK and its shares
are traded on AIM, a market operated by the London Stock Exchange
(AIM: TRT). The Company develops and supplies wireless sensor
technology and systems, and currently has three business segments:
SAW - patent protected Surface Acoustic Wave sensor technology
that provides real time measurement of torque, temperature,
pressure and strain, and is used to improve efficiency, performance,
safety and sustainability of propulsion systems and machinery.
Current focus is the development of a pipeline of high calibre
customers and collaborative partnerships for a variety of
applications in electric drives, aerospace, industrial machinery
(including off-highway and robotics) and high performance
automotive sectors.
Translogik - smart, connected commercial vehicle tyre inspection
equipment, used by vehicle fleets to more easily gather and
maintain accurate tyre safety and condition data; and,
iTrack - a tyre monitoring system for off-highway vehicles,
licensed exclusively to Bridgestone Corporation, the world's
largest tyre producer, under a ten-year deal expiring in 2030.
For further information please contact transense@walbrookpr.com
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