Transense Technologies Secures Landmark Contract with Logistics UK

Transense Technologies PLC ( (GB:TRT) ) has provided an update.

Transense Technologies PLC, through its Translogik division, has secured a significant contract with Logistics UK to digitize vehicle inspections. This three-year contract involves deploying Translogik’s TLGX tyre inspection tools and TIRETASK software, integrated with Logistics UK’s compliance platform, Vision. The collaboration aims to enhance efficiency and data quality in vehicle inspections, offering benefits such as improved fuel consumption and reduced breakdowns. Although strategically important, the contract is not expected to impact earnings materially this financial year.

More about Transense Technologies PLC

Transense Technologies PLC, headquartered in Oxfordshire, UK, operates through two main segments: SAWsense and Translogik. SAWsense provides advanced sensor solutions using Surface Acoustic Wave technology to industries such as aerospace, automotive, and industrial machinery, with key clients including GE Aerospace and Airbus. Translogik develops smart tyre inspection equipment for commercial vehicles, serving major tyre suppliers and fleet operators like Bridgestone and Goodyear.

YTD Price Performance: -28.99%

Average Trading Volume: 33,701

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £18.64M

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