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 extends iTrack exclusivity period with Bridgestone

By Josh White

Date: Friday 01 May 2020

LONDON (ShareCast) - (Sharecast News) - Industrial, mining and transportation sensor provider Transense Technologies updated the market on the joint collaboration agreement with Japan-based Bridgestone Corporation on Friday.
The AIM-traded firm entered into the agreement on 13 August last year, by which Bridgestone offered the iTrack system exclusively as a mining tyre monitoring system for tyres 57 inches and above for its off-the-road customers.

It said the agreement was for an initial 18 month period, with the ability to extend.

Transense, meanwhile, undertook that it would not, for a period of six months, have discussions with any other party in relation to any transaction of a merger, acquisition or joint venture nature for its iTrack business.

"On 12 February, Transense and Bridgestone agreed to extend the duration of the agreement until 12 February 2022 at the earliest, and extend the period during which Transense undertook not to have such discussions with other parties until 30 April 2020," the board said in its statement.

"By mutual agreement, the period during which Transense undertakes not to have discussions with other parties of a merger, acquisition or joint venture nature has been further extended until 31 May 2020."

At 1340 BST, shares in Transense Technologies were up 6.93% at 54p.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page