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Sensor systems provider Transense Technologies announced on Tuesday that its tyre management trading division Translogik has won a contract through its Ghanaian partner WATS, to supply 16 iTrack II mining tyre monitoring systems for large haul trucks at SOMITA, a Nordgold mine in Burkina Faso.
AIM-listed Transense Technologies said on Monday that Translogik, its trading division which provides tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado.
Patent protected sensor systems and supporting technology company Transense Technologies announced on Monday that Translogik, its trading division providing tyre management solutions, had won a further contract through its Australian distributor Brownfield Engineering and Maintenance to supply 26 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton Mitsui Coal South Walker Creek Mine.
Transportation and industrial sensor systems provider Transense Technologies reported results for the six months to 31 December on Wednesday, with revenues unchanged from the prior year at £1.04m.
Transense Technologies, a provider of sensor systems for industrial, mining and transportation markets, reported a rise in full year revenue but a decrease in pre-tax profit, although it was trading in line with expectations.
Transense Technology has signed a licensing agreement for its Surface Acoustic Wave (SAW) sensor with General Electric, with the US colossus agreeing to pay an upfront fee plus a perpetual royalty on the sale of each unit that uses the technology.
Shares in Transense Technologies surged over 25% on Wednesday, after the technical research provider revealed it has agreed to sell its loss-making IntelliSAW division.
Shares in Transense Technologies jumped by 26.4% after announcing a new contract between its Translogik division and BHP Billiton's Spence copper mine in Chile.
Transense Technologies on Friday warned that its turnover for the year ending June 30th will be lower than previously estimated, generating an overall loss.
The share price of AIM-listed Transense Technologies surged on Tuesday after the company revealed that it swung to a maiden underlying operating profit in the first half as revenues more than doubled.