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Transense Technologies plc
("Transense" or the "Company")
Ryan Maughan appointed as Managing Director
Transense Technologies plc, the provider of specialist sensor technology and measurement systems, is pleased to announce the appointment of Ryan Maughan as the Company's Managing Director with immediate effect.
Ryan joined the Board of Transense on a part time basis as Business Development Director of SAWsense on 1 December 2021, having previously served as member of the SAW Commercial Advisory Panel, increasing his time commitment in March 2023 to encompass business development activities of Translogik also.
He now steps up to Managing Director on a full time basis, with additional responsibilities covering all business development, engineering and operational activities of the Company, reporting to Executive Chairman Nigel Rogers.
Nigel Rogers, Executive Chairman of Transense, said:
"I am delighted with the progress that has been made in generating a substantial pipeline of new business opportunities in both SAWsense and Translogik since Ryan joined the Company. We are entering a new era in which his skillset and experience building commercial partnerships and scaling up operational capacity will be invaluable."
For further information please visit www.transense.com or contact:
| Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO) Ryan Maughan (Business Development Director) | Via Walbrook PR |
| Allenby Capital (Nominated Adviser and Broker) Jeremy Porter/George Payne (Corporate Finance) Stefano Aquilino/Tony Quirke (Sales and Corporate Broking) | Tel: +44 (0)20 3328 5656 |
| Walbrook PR Tom Cooper/Nick Rome/Joe Walker | Tel: +44 (0)20 7933 8780 Transense@walbrookpr.com |
Notes to Editors:
Transense is a developer of specialist sensor technology and measurement systems. The Company has two active business divisions:
· Translogik a range of smart, connected tyre inspection and management equipment, used by leading tyre manufacturers, dealers and fleet operators to reduce costs and improve safety; and
· SAWsense, developing Surface Acoustic Wave (SAW) sensor technology, to improve performance, reliability and efficiency in focus markets of aerospace, automotive, robotics and industrial machinery.
In addition, the Company earns residual royalty income from Bridgestone iTrack (new branding name for iTrack), a tyre condition and performance monitoring system, that was developed by Translogik and subsequently licensed to Bridgestone Corporation for a ten year period in 2020, expiring in 2030.
The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from its business divisions by leveraging excellence in innovation and know-how to commercialise technologies through industry partnerships and exposure to global growth markets.
Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999. www.transense.com
For further information please contact transense@walbrookpr.com
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