Transense Technologies PLC SAW: Extension of scope of licence agreement
05 Junio 2023 - 1:00AM
RNS Non-Regulatory
TIDMTRT
Transense Technologies PLC
05 June 2023
Reach - a non-regulatory announcement
5 June 2023
Transense Technologies plc
("Transense" or the "Company")
Extension of scope of licence agreement with GE Aerospace
("GE")
for CFM's Revolutionary Innovation for Sustainable Engines
("RISE") technology demonstrator program
Transense Technologies plc (AIM: TRT), the developer of
specialist sensor systems, has agreed to an extension to the field
of use covered by a licence for its Surface Acoustic Wave (SAW)
torque sensor technology granted to GE Aerospace in 2016. The
extension permits the technology to be used by GE Aerospace solely
for research and development, testing, evaluation, certification,
and qualification purposes under the CFM International RISE*
program.
GE Aerospace and Safran unveiled the CFM RISE* program in 2021
to mature next-generation propulsion technologies such as open fan
architecture. Technologies matured under the program will serve as
the foundation for the next generation CFM engine that could be
commercially available by the mid-2030s. Further information on the
RISE* program is available at
https://www.cfmaeroengines.com/rise/.
This extension of scope generates a nominal additional licence
fee and will open opportunities for Transense to provide technical
support to GE and its affiliates during the development phase. A
similar extension covering GE Aerospace's hybrid electric
demonstrator was granted in May 2022, under which customer-funded
project work is already underway.
Nigel Rogers, Executive Chairman at Transense, commented:
"This is an exciting further step towards wider future adoption
of our SAW technology in the commercial aerospace sector following
its selection for military use in GE's T901 engine, where our
torque monitoring capabilities offer valuable advantages to support
increased power, efficiency, payload, and range.
We are confident of further success in this important target
market, which is engaged in rapid innovation to meet the
challenging sustainability demands of a changing world. "
For further information please visit www.transense.com or
contact:
Transense Technologies plc
Nigel Rogers (Executive Chairman)
Melvyn Segal (CFO) Via Walbrook PR
Walbrook PR
Tom Cooper / Nick Rome Tel: +44 (0)20 7933 8780
Transense@walbrookpr.com
* RISE is a registered trademark of CFM International,
a 50-50 joint company between GE and Safran Aircraft
Engines.
Notes to Editors:
Transense is headquartered in Oxfordshire, UK and its shares
are traded on AIM, a market operated by the London Stock Exchange
(AIM: TRT). The Company develops and supplies wireless sensor
technology and systems, and currently has three business segments:
SAWsense - patent protected Surface Acoustic Wave sensor technology
that provides real time measurement of torque, temperature,
pressure and strain, and is used to improve efficiency, performance,
safety and sustainability of propulsion systems and machinery.
Current focus is the development of a pipeline of high calibre
customers and collaborative partnerships for a variety of
applications in electric drives, aerospace, industrial machinery
(including off-highway and robotics) and high-performance
automotive sectors.
Translogik - smart, connected commercial vehicle tyre inspection
equipment, used by vehicle fleets to more easily gather and
maintain accurate tyre safety and condition data; and,
iTrack - a tyre monitoring system for off-highway vehicles,
licensed exclusively to Bridgestone Corporation, the world's
largest tyre producer, under a ten-year deal expiring in 2030.
For further information please contact transense@walbrookpr.com
About Reach announcements
This is a Reach announcement. Reach is an investor communication
service aimed at assisting listed and unlisted (including AIM
quoted) companies to distribute media only / non-regulatory news
releases into the public domain.
Information required to be notified under the AIM Rules for
Companies, Market Abuse Regulation or other regulation would be
disseminated as an RNS regulatory announcement and not on
Reach.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRANKBBBBBKDNAK
(END) Dow Jones Newswires
June 05, 2023 02:00 ET (06:00 GMT)
Transense Technologies (LSE:TRT)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Transense Technologies (LSE:TRT)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024