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Transense Technologies

  • BY: Andrew Hore |
  • POSTED: 25/12/2017 |

Sensor systems developer Transense Technologies says that both its probes and iTrack II products have made an increased contribution since the end of July 2017. 

This improvement is expected to continue. Two iTrack II rental deals, covering 66 mining vehicle units, have been secured with BHP. This will provide additional recurring revenues.

The relationship with GE appears to be strong and the testing of SAW sensor technology has been successful. The hurdle of securing the inclusion of the technology in commercial products remains.
Automotive interest continues to be slow to build but motorsport is a potential earlier adopter.

The share price of 69.5p is above the 12 month low.

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