Transense Technologies (TRT)

Sector:

Automobiles and related providers

Index:

FTSE AIM All-Share

 58.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 88.50
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 16.31m
  • Volume: 0
  • Market Cap: £9.46m
  • RiskGrade: 423

Transense Technology's tyre monitoring system a hit with Southern Copper

By Duncan Ferris

Date: Monday 12 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Transense Technology's tyre management trading division, Translogik, on Monday won a contract to supply 24 iTrack II monitoring systems and closed in on an opportunity to supply 100 more.
The provider of sensor systems for the industrial, mining and transportation markets said the contract included full suite data analytics for large haul trucks at Southern Copper's Cuajone mine in Peru.

Josue Vilchez, general chief of mine operation, said: "We have conducted extensive trials over the course of the last 18 months with all of the current market leading systems and we have concluded that iTrack is the best TPMS system in the mining environment available."

Vilchez added that iTrack is likely to be rolled out to Southern Copper's extended fleet of a further 100 trucks in Peru after the initial installation.

The systems will be supplied on a subscription model basis, allowing Southern Copper to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Transense with a recurring revenue stream.

Graham Storey, chief executive of Transense, said: "Southern Copper's decision to adopt the entire suite of data analytics is an indication of the increasing awareness of the value of the analytical data that our 24/7 monitoring and analytics centre in Chile produces which greatly enhances the overall value of the system."

Transense Technology's shares were unchanged at 44.00p at 1104 GMT.

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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 0.000p
% Change 0.00 %
52 Week High 88.50
52 Week Low 42.50
Volume 0
Shares Issued 16.31m
Market Cap £9.46m
RiskGrade 423

TRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.96% below the market average34.96% below the market average34.96% below the market average34.96% below the market average34.96% 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
21.17% above the market average21.17% above the market average21.17% above the market average21.17% above the market average21.17% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
22.62% below the market average22.62% below the market average22.62% below the market average22.62% below the market average22.62% 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 --2020

Time Volume / Share Price
0 @ 0.000p

TRT Key Personnel

CEO Graham Storey
Finance Director Melvyn Segal
Chair David Michael Ford

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