Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

101.25p
   
  • Change Today:
    -1.25p
  • 52 Week High: 115.50
  • 52 Week Low: 79.00
  • Currency: UK Pounds
  • Shares Issued: 15.28m
  • Volume: 34,179
  • Market Cap: £15.48m
  • RiskGrade: 308

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.

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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 101.25p
Change Today -1.25p
% Change -1.22 %
52 Week High 115.50
52 Week Low 79.00
Volume 34,179
Shares Issued 15.28m
Market Cap £15.48m
RiskGrade 308

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.5% below the market average80.5% below the market average80.5% below the market average80.5% below the market average80.5% 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
59.20% above the market average59.20% above the market average59.20% above the market average59.20% above the market average59.20% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income Not Available
Growth
95.60% above the market average95.60% above the market average95.60% above the market average95.60% above the market average95.60% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

TRT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
11:28 1,019 @ 101.30p
08:26 15,604 @ 102.50p
08:20 17,556 @ 102.50p

TRT Key Personnel

CFO Melvyn Segal

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