Portfolio

Transense sells 50 'iTrack II' units to mining client

By Josh White

Date: Monday 18 Feb 2019

Transense sells 50 'iTrack II' units to mining client

(Sharecast News) - Sensor systems provider Transense Technologies announced on Monday that an unnamed client has placed an order for 50 iTrack II units.
The AIM-traded firm said the customer would be installing the units in mines in North America.

"The customer is a major supplier to the mining marketplace and their decision to adopt iTrack II after extensive testing is a very gratifying endorsement of the capabilities of Translogik and the iTrack II system," said Transense chief executive officer Graham Storey.

"While there is no actual further commitment in place, we anticipate that sales to the customer will reach very substantial levels by the end of our next financial year.

"We look forward to working closely with them both providing iTrack II to their customers and also developing further enhancements and improvements in the future."

Financial details of the transaction were not disclosed in the company's announcement.

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