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TRT.GB Transense Technologies Plc

104.00
0.00 (0.00%)
06:57:51 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Transense Technologies Plc AQSE:TRT.GB Aquis Stock Exchange Ordinary Share GB00BDHDTH21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 104.00 100.00 108.00 104.00 104.00 104.00 0.00 06:57:51
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Transense Technologies PLC AGM Statement (8816P)

23/11/2016 7:00am

UK Regulatory


Transense Technologies (AQSE:TRT.GB)
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TIDMTRT

RNS Number : 8816P

Transense Technologies PLC

23 November 2016

23 November 2016

Transense Technologies plc

("Transense" or the "Company")

AGM Statement

At the Company's Annual General Meeting ("AGM") being held at 2 p.m. today at finnCap's offices, 60 New Broad Street, London, EC2M 1JJ, the Chairman, David Ford, will make the following statement:

"Trading since the start of our financial year in July has generated total revenue at a similar level to the corresponding period last year (excluding the prior year IntelliSAW disposal license fee).

The launch of iTrack II at Minexpo, in Las Vegas, in September, has generated an encouraging response. A number of pilot installations have already commenced, while others are scheduled to commence over the next month or two. We continue to anticipate receiving orders in the second half of the year.

Testing of our Surface Acoustic Wave ("SAW") technology for certain torque sensing applications with GE continues to yield positive results and indications are that the testing programme will conclude during Q1 2017.

The US$0.4m balance of proceeds from the sale of IntelliSAW to Emerson in October 2015 has been received in full. Cash flow for the year to date has been positive, giving rise to an increase in net cash to GBP3.95m as at 31 October.

Accordingly, the board maintains a cautiously optimistic view of the short term outlook and remains confident of the longer term prospects for the Company."

For further information, please contact:

 
 Transense Technologies plc           Tel: +44 1869 238 380 
  Graham Storey, Chief Executive 
 finnCap                              Tel: +44 20 7220 0500 
  Ed Frisby, Giles Rolls (Corporate 
  Finance) 
  Tony Quirke, Alice Lane 
  (Corporate Broking) 
 IFC Advisory                         Tel: +44 20 3053 8671 
  Tim Metcalfe, Graham Herring, 
  Heather Armstrong 
 

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW) wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global transport and mining industries, and the global torque, temperature and pressure sensing markets, via its two trading divisions,Translogik and SAWSense.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMUUSBRNWAAUAA

(END) Dow Jones Newswires

November 23, 2016 02:00 ET (07:00 GMT)

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