Transense Technologies PLC Translogik Announces Partnership with AssetFindr

RNS Number : 5423G

Transense Technologies PLC

02 October 2024

 

Reach - non-regulatory announcement*

2 October 2024

Transense Technologies plc

("Transense", the "Company" or the "Group")

 

Translogik Announces Partnership with AssetFindr to Expand in Asian Market

 

Transense Technologies plc (AIM: TRT), the provider of specialist sensor systems, announces that Translogik, a division of Transense , has formed a strategic distribution partnership with AssetFindr, a provider of advanced maintenance management software and internet of things (IoT) device solutions, headquartered in Jakarta, Indonesia with a customer base across Southeast Asia.

 

The collaboration opens a new sales region for Translogik, bringing its cutting-edge tyre inspection and data capture tools to market for the first time in Southeast Asia along with AssetFindr's TyreOptimaX module.

 

AssetFindr's CEO, Sugih Sutjiono, has more than 12 years of industry experience working with tyre manufacturers and transport operators across Indonesia. His expertise has been pivotal in developing solutions tailored for fleet operators in logistics, mining, and other transport sectors.

 

AssetFindr's FleetOptimaX platform, including the TyreOptimaX module, offers centralised control of vehicle maintenance, enabling operators to enhance efficiency and reduce downtime through actionable insights tailored for the demands of the Southeast Asian market.

 

The partnership will see Translogik's wireless tyre inspection tool integrated into AssetFindr's platform, enabling fleet operators to streamline tyre management.

 

Renowned for its speed and accuracy, Translogik's tool delivers a 70% improvement in tyre inspection times and can measure tyre depth, pressure, and read radio-frequency identification (RFID) and tyre-pressure monitoring system (TPMS) data, all in one device. Automating data capture and processing, removes the risk of human error and provides detailed reporting to support informed decision-making, optimising fleet operations and procurement strategies.

 

Sugih Sutjiono, CEO of AssetFindr, commented:

"We are excited to partner with Translogik to enhance our platform with their market-leading tyre inspection technology. This integration will greatly improve tyre management for our clients, driving efficiency and cost savings."

 

Kevin Hennelly, Director at Translogik, added:

"We are thrilled to collaborate with AssetFindr, integrating our tyre inspection tools with their innovative TyreOptimaX module.

 

This partnership will provide fleet operators with real-time tyre data, enhancing efficiency, reducing downtime, and improving tyre procurement. We look forward to bringing these operational benefits to new customers in Southeast Asia.

 

Our partnership with AssetFindr also marks a significant milestone for Translogik, as we continue to expand our footprint in the Asian market, offering innovative solutions to fleet operators across the region."

 

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

 

Transense Technologies plc Nigel Rogers (Executive Chairman) Ryan Maughan (Managing Director) Melvyn Segal (Chief Financial Officer)	Via Investor Relations (see below)
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Stefano Aquilino / Tony Quirke (Sales and Corporate Broking)	Tel: [phone]
Investor Relations Anice McNamee	Tel: [phone] [e-mail]

 

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 advanced sensor technology and measurement solutions used by some of the world's leading companies to improve performance, efficiency, and safety in demanding, mission critical applications. Transense currently operates through two active business segments:

 

·    SAWsense - designs, supplies and licences advanced sensor solutions based on proven, patent protected Surface Acoustic Wave (SAW) technology to world leading companies in aerospace, automotive, and industrial machinery (including robotics), enabling improved efficiency and performance of their products. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied, Airbus and several other confidential Tier One automotive, aerospace and industrial machinery suppliers.

 

·    Translogik - develops smart, connected commercial vehicle tyre inspection equipment to many of the world's leading tyre suppliers, fleet operators and service centres. Enabling accurate measurement and digital capture of safety-critical tyre condition data, used to reduce operating costs, improve safety and provide audit records for regulatory compliance. Key customers include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and leading independent providers of vehicle fleet maintenance management software.

 

In addition, Transense earns residual royalty income from Bridgestone iTrack - a tyre monitoring system for off-highway vehicles that was developed by Translogik. The associated sales, support and development infrastructure were sold to Bridgestone Corporation, the world's largest tyre producer, in June 2020, and the intellectual property was licensed exclusively to Bridgestone under a ten-year deal expiring in 2030.

 

Find out more at: https://www.transense.com/

 

About Assetfindr:

Assetfindr is a trading division of PT Solusi Berkat Inovasi, a company registered in Jakarta Indonesia. For more information about Assetfindr please visit: https://assetfindr.com/.

 

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