Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

57.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 10,583
  • Market Cap: £9.30m
  • RiskGrade: 410

Transense gets tyre sensors onto more West African mining trucks

By Josh White

Date: Tuesday 08 May 2018

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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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 57.00p
Change Today -1.00p
% Change -1.72 %
52 Week High 88.50
52 Week Low 42.50
Volume 10,583
Shares Issued 16.31m
Market Cap £9.30m
RiskGrade 410

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.58% below the market average35.58% below the market average35.58% below the market average35.58% below the market average35.58% 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
25.08% above the market average25.08% above the market average25.08% above the market average25.08% above the market average25.08% 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 14-Jul-2020

Time Volume / Share Price
14:42 5,000 @ 56.00p
13:43 5,583 @ 56.10p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

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