ERJ staff report (DS)
Bicester, Oxfordshire -- Transense Technologies said its sales in the 6 months to 30 June 2011 amounted to Â£249,000, up from Â£243,000 in the same period a year ago, resulting in a reduced pre-tax loss for the period of Â£793,000 [2010: Â£825,000].
The company said it made progress during the period in transforming itself from a company dependent for its revenues upon royalties from licensees to a company having five revenue generating channels; Licensee royalty income, engineering consultancy, McLaren JDA, Translogik and IntelliSAW.
The company said, "After lengthy negotiations, we have recently entered into a joint development agreement with McLaren Electronic Systems Limited ('McLaren Electronics') for the development of a product for specific motorsport applications, and it is anticipated that further use of Transense's Surface Acoustic Wave ("SAW") Sensor technology will follow."
Translogik said it has extended the marketing of its tyre testing systems and probes. Orders have been received from major tyre manufacturers. Testing continues with our iTrack system for monitoring tyre pressure, tread and temperatures, and which is of direct benefit to major mine operators worldwide, having regard to the extensive delays they experience in securing replacement tyres for their equipment.
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Press release from Transense