8th Aug 2007 12:11
Transense Technologies PLC08 August 2007 Transense Technologies plc ("Transense") Patent Administration Agreement with Schott AG Transense and Schott AG ("Schott"), of Mainz, Germany, have signed a PatentAdministration Agreement concerning jointly developed intellectual property forthe packaging of Transense's patented Surface Acoustic Wave ("SAW") torquesensors. Under the terms of the agreement, Schott has exclusive rights tomanufacture the packages that are the subject of the invention and Transensewill receive a royalty on every package sold. The filed patent should lead toimprovements in the performance of torque sensors, and also to facilitate thevolume production of the packaged sensors. Schott are already approved suppliersto another of Transense's licensees, Honeywell, and Honeywell has made publicits intention to start volume production of SAW torque sensors in 2008. Jim Perry, Transense's C.E.O. said: "Schott, a world leader in electroniccomponent packaging and part of the Carl-Zeiss Foundation, is a • 2.23 billionturnover business with operations around the world and 16,800 employees. We havebeen working together for several years now and it is a pleasure to have such aprofessional team of packaging experts helping us prepare our technology forvolume production. I am delighted that we have signed this agreement, andTransense is looking forward to continuing close collaboration with Schott forthe development of packaged sensors for a variety of additional applications,such as in-body medical sensors." Thomas Pfeiffer, Executive Vice President Automotive of Schott ElectronicPackaging GmbH, said: "We have worked with Transense over the last few years ondifferent solutions, for the packaging of Transense's patented SAW technologywhich has led to the invention for the packaging of the Transense torque sensor.We are very pleased to sign the Patent Administration Agreement with Transenseto further support the launch of the torque sensor with our expertise inelectronic packaging and high volume production for the automotive industry. Weare looking forward to continuing our very good working relationship withTransense on future challenges." For further information please contact: James Perry, Chief Executive Tel: +44 1869 238 380Transense Technologies plc www.transense.co.uk Thomas Pfeiffer, Executive Vice President Automotive Tel: +49 871 826 306Schott Electronic Packaging GmbH www.schott.com/epackaging John Llewellyn-Lloyd, CEO Tel: +44 20 7763 2200Graeme Bayley, DirectorNoble & Company Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Transense