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GE GE Aerospace

164.305
1.67 (1.02%)
Last Updated: 18:43:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
GE Aerospace NYSE:GE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.67 1.02% 164.305 165.74 162.0101 165.30 2,115,544 18:43:03

Transense Technologies Signs Deal with General Electric

18/07/2016 8:23am

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GE Aerospace (NYSE:GE)
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LONDON--Transense Technologies PLC (TRT.LN) Monday said it has signed a deal worth more than $750,000 with General Electric Company (GE) to provide its surface acoustic wave technology.

General Electric will also pay royalty to Transense Technologies in respect of each unit using the technology, the provider of sensor systems for the transportation and industrial markets said.

The company added that GE will only pay a part of the payment, which is of $250,000, if Transense's technology passes some tests from GE.

 

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

July 18, 2016 03:08 ET (07:08 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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