14th Sep 2021 19:40
Transense Technologies PLC - Bicester, England-based developer of specialist sensor systems for vehicles - Signs joint collaborative agreement with McLaren Applied, which will build on the agreement signed by both parties signed in 2011, which was to develop non-contact torque products for motorsport applications using Transense's Surface Acoustic Wave technology.
The new agreement is initially for five years will continue development of the Transense Torque Measurement System using SAW technology.
"Transense has been working closely with McLaren since 2009 on torque sensing in a number of racing series. Signing this agreement further cements our relationship, and we look forward to continuing our work with the world-renowned engineering company, McLaren Applied. Our shared aim is to deliver further success in the demanding and harsh environment of motorsport, and explore other applications of joint interest," says Executive Chair Nigel Rogers.
Current stock price: 100.48 pence
Year-to-date change: up 90%
By Dayo Laniyan; [email protected]
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