Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

95.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 122.50
  • 52 Week Low: 50.00
  • Currency: UK Pounds
  • Shares Issued: 16.44m
  • Volume: 16,027
  • Market Cap: £15.70m
  • RiskGrade: 308
  • Beta: 0.23

Transense Technologies grants exclusive iTrack licence to Bridgestone

By Iain Gilbert

Date: Thursday 25 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Sensor systems provider Transense Technologies granted an exclusive worldwide licence for its iTrack technology to tire and rubber manufacturer Bridgestone on Thursday, transferring the operational business and trading assets relating to the system to the Japanese company.
Under the Licence, ATMS Technology, a newly-formed wholly-owned subsidiary of Bridgestone, will offer customers with tire monitoring systems for all off-the-road vehicles based upon iTrack technology.

In turn, Transense will receive a $1.01m cash consideration and quarterly royalty payments based upon the number and classification of vehicles in which the iTrack technology is deployed over a ten-year period.

Nigel Rogers, the group's newly appointed executive chairman, said: "These arrangements further demonstrate the position of iTrack as a globally-preferred provider of tyre management solutions for the off-the-road vehicle market, which we believe will achieve even greater success with Bridgestone."

Elsewhere, Transense said while it was "in no way complacent" in relation to the effects of Covid-19 on future growth, the firm does not currently envisage a "significant short term impact on revenues". Trading results for the year ending 30 June were currently anticipated to be in line with previous expectations.

As of 1105 BST, Transense shares were down 16.30% at 66.96p.

Email this article to a friend

or share it with one of these popular networks:


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 95.50p
Change Today 2.50p
% Change 2.69 %
52 Week High 122.50
52 Week Low 50.00
Volume 16,027
Shares Issued 16.44m
Market Cap £15.70m
Beta 0.23
RiskGrade 308

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.05% below the market average87.05% below the market average87.05% below the market average87.05% below the market average87.05% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
73.94% above the market average73.94% above the market average73.94% above the market average73.94% above the market average73.94% above 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
Income Not Available
Growth
60.63% above the market average60.63% above the market average60.63% above the market average60.63% above the market average60.63% above 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

TRT Dividends

No dividends found

Trades for 02-Dec-2021

Time Volume / Share Price
16:14 200 @ 98.00p
12:56 14,432 @ 97.00p
10:52 1,395 @ 92.50p

TRT Key Personnel

CFO Melvyn Segal

Top of Page