9th Mar 2015 07:58
LONDON (Alliance News) - Transense Technologies PLC on Monday said its Translogik tyre management services subsidiary has won a deal via Australian distributor Brownfield Engineering and Maintenance Pty Ltd.
Under the deal, Translogik will supply iTrack mining tyre monitoring systems for large haul trucks to the Ravensworth mine in Australia. The mine is owned by a unit of FTSE 100-listed Glencore PLC.
Transense did not provide any financial details on the deal but said Translogik will be paid an initial set-up fee, followed by monthly service and rental payments.
"We are delighted to welcome Glencore, through our distributor Brownfield, to our list of clients. Continuing our initial sales success with iTrack has proven challenging during the current downturn in the mining industry," said Transense Chief Executive Graham Storey.
By Sam Unsted; [email protected]; @SamUAtAlliance
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