Transense Technologies Share Discussion Threads

[piggyinthemiddle] 04/2/2019 14:18

Not moaning,in fact I just bought some more-just asking pertinent questions:)

[dncleaver] 04/2/2019 14:12

Not long to wait! Stop moaning!! 😜

[piggyinthemiddle] 04/2/2019 13:46

The above article appears to suggest that the T901 single spool engine has an estimated completion date of Aug 1st 2024.
Wonder when our royalties start?

[sojourno] 04/2/2019 13:28

Oh, and GE are ready to start immediately. Also a good article on a few technical and cost specifics...

[sojourno] 04/2/2019 12:38

Well, TBH this is fairly epic.
Asides from income &c it justifies the company silence, which should be seen in a different light now.
I'm a little lost for words, in a good way.
Except to say well done Team Transense, The B Team, and General Electric!

[piggyinthemiddle] 04/2/2019 12:23

Also says "intends to replace" so no time scale mentioned-could take 2-3 years or more.
Anyway,I`m not trying to take the gloss of this announcement,it`s great and I might even buy more!

[dncleaver] 04/2/2019 11:07

MC: No need. I think the announcement is clear enough.

(i.e. Royalties will be paid to Transense Technologies.)

"GE will pay a perpetual sales royalty to the Company in respect of each unit using the technology, under the license agreement previously announced by the Company in July 2016 and March 2017."

[major courtenay] 04/2/2019 10:28

A part of me wondered if in fact that was a tactical ploy by GE and we were closer to volume production than they cared to admit to competition. I got the impression we had already been in their test labs for some years, so if what they were saying was accurate it would be a decade between first sniffing and manufacturing. Which seemed a very long time considering pace of technological change.

I thought the Lonsdale brothers retained rights to SAW tech in the helicopter sector when they sold out. Can any of the old hands put me right on that one?

[piggyinthemiddle] 04/2/2019 10:00

Maybe the slight doubt is that the Board has constantly repeated the point that royalties are not expected for several years from GE?
Not belittling the achievement but we need money in the near future and the rns doesn`t really address that?

[assagai] 04/2/2019 10:00

And of course, whilst the I track stuff is nice and helps keep the wolffrom the door, this is the first serious commercial torque application (tilting at windmills aside) that Transense has won. This was always what those of us who have been waiting 20 odd years hoped for! Cmon be happier!

[mattjos] 04/2/2019 09:55

Spot on Assagai.
Give it time .. the penny will drop over the coming days:

"The US Army intends to replace the more than 6,000 engines installed in their current fleet of these two aircraft; the wider market for the T901 includes replacement engines for these aircraft in military forces outside of the USA as well as other military and commercial medium sized vertical take-off aircraft opportunities globally."

[assagai] 04/2/2019 09:51

Will be Interesting to see what sort of Broker Note/ upgrade that FinnCapp come up with.

[puffintickler] 04/2/2019 08:44

This should mean more to come from GE at least.

Great news but we do need more to follow....

[amt] 04/2/2019 08:26

Indeed good news that GE relationship has commercialised something. On the down side I suspect they might need to raise more cash before year end?

[amt] 04/2/2019 08:26

Indeed good news that GE relationship has commercialised something. On the down side I suspect they might need to raise more cash before year end?

[arthur_lame_stocks] 04/2/2019 08:16

I guess this can only be seen as good news but the lack of any figures for what it's worth leads me to suspect it's not material in value.

That said the fact that GE are using TRT sensors in a flagship programme must suggest that they see uses for it and hopefully they will find others

[drw1] 04/2/2019 07:50

U.S. Army selects GE's T901 engine for Improved Turbine Engine Program
February 1, 2019

CINCINNATI – The U.S. Army has selected GE Aviation’s T901-GE-900 engine for the Engineering and Manufacturing Development (EMD) phase of the Improved Turbine Engine Program (ITEP), the U.S. Army’s endeavor to re-engine its Boeing AH-64 Apaches and Sikorsky UH-60 Black Hawks.

“We are honored to be chosen by the Army to continue powering their Black Hawks and Apaches for decades to come,” said Tony Mathis, president and CEO of GE Aviation’s military business. “We’ve invested in the resources and infrastructure to execute immediately, and our team is ready to get to work on delivering the improved capabilities of the T901 to the Warfighter.”

GE has powered Black Hawks and Apaches for the past four decades with its T700 engine, racking up more than 100 million flight hours of combat-proven experience. Through continuous upgrades and technology advancements, GE has doubled the power of derivative engines in the T700 family over its lifetime and reduced its cost to the government by 50 percent.

GE carried over the benefits of the T700 engine’s single-spool core architecture, ensuring that the T901 engine is ready to continue delivering combat readiness to the Warfighter over the next four decades. The T901’s single-spool core design is the key to its low cost, growth, reliability, maintainability and reduced life-cycle costs.

The full modularity of the T901’s single-spool core provides the Army with superior fix-forward maintainability. Combat units can swap out modular parts of the engine in the field and travel with fewer full-sized spare engines, simplifying logistical footprints and supply lines. The fully modular design also offers superior growth potential at a lower cost through incremental improvements to engine modules, a significant advantage to meet the Army’s FVL requirements. The U.S. Army is also expecting the ITEP engine to meet Future Attack Reconnaissance Aircraft requirements for Future Vertical Lift (FVL).

GE has invested $9 billion in maturing technologies applicable to the T901 and more than $300 million to develop and test turboshaft-specific technologies. Additionally, GE has invested more than $10 billion in their supply chain over the past decade, including eight new facilities, ten plant expansions and one-and-a-half million square feet of new, advanced manufacturing space in the U.S. This robust, first-in-class supply chain stands ready to deliver T901 engines to the Army.

Learn more about the T901’s proven, single-spool design here.

For more information about the T901, visit GET901.com, which includes a T901 video and the T901 white paper.

[kenone] 04/2/2019 07:44

'Perpetual sales royalty ' Will we get to find out how much that is ? 6000 engines
@ $10 = not a significant amount BUT @ $100 each !?? That would be something very significant . Helicopter engines are not cheap. Any idea which estimate is more likely ? Whatever, its great news - at last !

[drw1] 04/2/2019 07:28

"We are very proud of the involvement of Transense's SAW technology in this engine and look forward to working with GE in the future"

[timbo003] 04/2/2019 07:22

That should put an end to any immediate worries about another equity based funding.

There was a question at the AGM regarding the meaning of the word perpetual in this context and we were reassured that perpetual really does mean perpetual (irrepective of any relevant patent expiry dates)