Transense Technologies PLC Translogik Update -- Appointment of Sales Director

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Transense Technologies PLC

08 January 2024

Reach announcement (non-regulatory announcement)

Transense Technologies plc

("Transense" or the "Company")

Translogik Update - Appointment of Sales Director

Transense Technologies plc, the provider of specialist sensing solutions and measurement systems, announces that it has appointed Kevin Hennelly as Sales Director at its Translogik business unit.

Mr Hennelly's extensive experience includes more than 15 years in the commercial vehicle fleet telematics industry at global telematics business Teletrac Navman. More recently he was Sales Director at UK-based fleet technology specialist Lightfoot, where he delivered rapid growth over a five-year period.

Kevin's priority will be increasing the reach of Translogik's market leading TLGX tyre inspection range and deepening the Company's relationships with its existing customers.

Translogik tyre inspection tools are used by the world's leading tyre suppliers, service centres and vehicle fleet operators, to digitally capture safety critical tyre inspection data, and manage tyre inventory and installation.

With the fitment of tyre pressure monitoring systems to all trucks and trailers now required by law in Europe, and increased safety regulations for commercial vehicles throughout the world, Translogik is entering an exciting period for potential growth, bringing new products and services to market. Kevin's recruitment is part of a larger overall expansion at the business which has seen it add six additional members of staff to bolster engineering, administration, and marketing functions of the company's businesses for 2024.

Nigel Rogers, Executive Chairman of Transense Technologies plc said: "Kevin brings a great track record of success in the commercial vehicle telematics industry. He has won and managed major accounts and has existing strong relationships with bluechip vehicle fleet operators. It's an exciting time for our business and we're confident that Kevin will play a big part in our future growth."

Kevin Hennelly said: "Tyres are a huge costly line item within any fleet. Better management and data capture will improve compliance and have a positive impact on fuel consumption, or in the case of an EV, range. This not only helps to reduce costs but also reduces harmful emissions produced by the production and use of tyres. From a safety point of view, there are hundreds of deaths or serious injuries on UK roads each year directly attributed to defective tyres. I am very happy to be bringing Translogik products to a wider market to help improve road safety and reduce fleet operating costs."

For further information please visit www.transense.com or contact:

 
 Transense Technologies plc                 Via Walbrook PR 
  Nigel Rogers (Executive Chairman) 
  Melvyn Segal (CFO) 
 Allenby Capital (Nominated Adviser and     Tel: [phone] 
  Broker)                                    5656 
  Jeremy Porter / George Payne (Corporate 
  Finance) 
  Stefano Aquilino / Tony Quirke (Sales & 
  Corporate Broking) 
 Walbrook PR                                Tel: [phone] 
  Tom Cooper/Nick Rome/Joe Walker            8780 
                                             [e-mail] 
 

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include aerospace, automotive (high performance and off-road) and complex machine control.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

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 [e-mail] .

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January 08, 2024 02:00 ET (07:00 GMT)