LONDON (ShareCast) - (Sharecast News) - Sensor systems provider Transense Technologies announced on Tuesday that its tyre management trading division Translogik has won a contract through its Ghanaian partner WATS, to supply 16 iTrack II mining tyre monitoring systems for large haul trucks at SOMITA, a Nordgold mine in Burkina Faso.
The AIM-traded firm said the systems were to be supplied on a rental-and-service basis via WATS, which is a wholly-owned subsidiary of Rana Motors & Metal Works Engineering Company.

It said 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.

"Having conducted extensive trials over the course of the last 18 months we have chosen iTrack because its combination of live alerts and extensive suite of data analytics is crucial to enhancing our offering as tyre service providers," said WATS director of sales and services for OTR tyres, Vibi Chandra.

"West Africa is a region with dozens of mines and hundreds of haul trucks and it is our intention to introduce our new enhanced service to our existing portfolio of mines as well as other mines across the region.

"We know these mines are very interested in the significant advantages we are now able to offer and we fully expect further advances and new contracts in the future."

Graham Storey, CEO of Transense, added that the company was "very pleased" to have added another mine in a new region to its growing list of iTrack users.

"WATS are a well established and highly regarded Tyre Service Provider in West Africa and with their depth of contacts we are hopeful of an accelerated rate of adoption as we move forward."

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