Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

58.00p
   
  • Change Today:
    -2.25p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 30,264
  • Market Cap: £9.46m
  • RiskGrade: 416

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 58.00p
Change Today -2.25p
% Change -3.73 %
52 Week High 88.50
52 Week Low 42.50
Volume 30,264
Shares Issued 16.31m
Market Cap £9.46m
RiskGrade 416

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.08% below the market average35.08% below the market average35.08% below the market average35.08% below the market average35.08% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
25.60% above the market average25.60% above the market average25.60% above the market average25.60% above the market average25.60% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
22.36% below the market average22.36% below the market average22.36% below the market average22.36% below the market average22.36% 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

TRT Dividends

No dividends found

Trades for 10-Jul-2020

Time Volume / Share Price
16:26 10,000 @ 57.10p
14:28 10,000 @ 58.00p
11:54 15,000 @ 58.50p
11:28 1,000 @ 58.00p
11:01 4,500 @ 58.50p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

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