On 31st July 2017 Beaufort Securities was appointed as joint corporate broker to Transense Technologies (TRT.L).
Transense develops and markets patent-protected sensor systems for measuring torque, temperature and pressure, wirelessly and without the need for batteries, using Surface Acoustic Wave (SAW) technology.
As no batteries or wires are required, the sensors can be used in applications that traditional sensors cannot, such as on rotating shafts or in environments where access to the sensors is difficult or potentially hazardous.
Transense is developing the technology in conjunction with partners including McLaren Electronic Systems and General Motors, as well as via two wholly owned divisions, SAWSense and Translogik, targeting the industrial sensor applications market and the transport industry respectively.
The Company is listed on the London Stock Exchange's AIM.
Read the full RNS Announcement regarding the appointment here.