Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

116.50p
   
  • Change Today:
      8.00p
  • 52 Week High: 118.90
  • 52 Week Low: 81.50
  • Currency: UK Pounds
  • Shares Issued: 15.22m
  • Volume: 161,712
  • Market Cap: £17.73m
  • RiskGrade: 308

Transense tyre management tech to be added to BHP trucks

By Josh White

Date: Monday 07 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Patent protected sensor systems and supporting technology company Transense Technologies announced on Monday that Translogik, its trading division providing tyre management solutions, had won a further contract through its Australian distributor Brownfield Engineering and Maintenance to supply 26 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton Mitsui Coal South Walker Creek Mine.
The AIM-traded firm said the systems were to be supplied on a rental and service basis via Brownfield.

That method allowed mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost, while providing Translogik with a recurring revenue stream.

"We initially chose iTrack after an extensive evaluation followed by a five month trial period," said Troy Martin of the South Walker Creek mine.

"During the evaluation, we were very impressed with the reliability and performance of the TPMS System and the In-Tyre Sensors. With iTrack II, Translogik and Brownfield have developed a best in class system that adds significant benefits through its real time monitoring and reports generated to monitor and control trucks at our operation.

"iTrack II will further improve our productivity by maximising haul truck work rates as well as being a great addition to our safety initiatives at South Walker Creek Mine."

Darryl Crowder, CEO of Brownfield, said it was "exciting" to have the opportunity to show BHP what the iTrack II system has to offer.

"We have been working with SWC now for the past six months and the iTrack system has not missed a beat.

"It's a real testament to what can be achieved when everyone works together," Crowder added.

"We are very pleased to be working with BHP along with other global miners such as Glencore."

Graham Storey, CEO of Transense, added that it was "very gratifying" to add another BHP mine to the growing list of iTrack users.

"By installing iTrack, SWC are minimising truck downtime and increasing average speeds, significantly improving overall truck productivity."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRT Market Data

Currency UK Pounds
Share Price 116.50p
Change Today 8.00p
% Change 7.37 %
52 Week High 118.90
52 Week Low 81.50
Volume 161,712
Shares Issued 15.22m
Market Cap £17.73m
RiskGrade 308

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income Not Available
Growth
96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

TRT Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
17:07 4,800 @ 116.50p
16:00 8,000 @ 115.45p
15:21 167 @ 117.20p
14:01 849 @ 117.25p
13:52 32 @ 118.00p

TRT Key Personnel

CFO Melvyn Segal

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