11th Dec 2006 07:00
Transense Technologies PLC11 December 2006 Transense Technologies plc Re Agreement Transense Technologies extends Licensing Agreement with Honeywell Transense Surface Acoustic Wave Technology to be used in Honeywell Sensors for new Applications Transense Technologies plc ("Transense") today announces that it has signed anagreement with Honeywell International Inc. ("Honeywell") to extend the licenseduse by Honeywell of the company's surface acoustic wave ("SAW") technology tonon-automotive pressure sensing applications. "The more Transense and Honeywell collaborate, the more potential applicationsfor our surface acoustic wave technology come to light," said James Perry, chiefexecutive officer of Transense. "Our initial efforts to bring the technology tothe automotive industry for tire pressure monitoring and torque sensorapplications have been met with success. Now, we are expanding our joint effortinto additional non-automotive pressure segments where Honeywell already has apresence". The world market for industrial sensors is estimated to be worth $4 billion ayear and is growing at the rate of 5.8% compound per annum. SAW technology is a passive technology that reflects a radio signal from abattery-less sensor back to a remote reader. Utilizing Transense's SAWtechnology, Honeywell developed a pressure and temperature sensor for use in therecently announced Michelin eTireII tyre pressure monitoring system, designed tohelp truck fleet managers accurately monitor tyre pressure and temperature forimproved fuel efficiency, safety and extended tyre life. "There are many potential applications for SAW technology, and we look forwardto working with Transense to continue exploring opportunities to bring value tonew industries," said Billal Hammoud, global director of Honeywell Sensing &Control's emerging electronic sensing business. SAW technology also is used in Honeywell torque sensors which will be found inautomotive engines, transmissions and driveline and chassis designs to improvevehicle safety, performance and economy. About Transense Technologies Transense Technologies is a technology transfer company that develops SurfaceAcoustic Wave ("SAW"), wireless, battery-less sensor systems for the automotiveand other industries. Current applications include tire pressure monitoringsystems ("TPMS") and torque systems for electrical power assisted steering ("EPAS") and driveline management. Transense is listed on the AlternativeInvestment Market of the London Stock Exchange (TRT). For additionalinformation, please visit www.transense.co.uk. About Honeywell Honeywell International is a $31 billion diversified technology andmanufacturing leader, serving customers worldwide with aerospace products andservices; control technologies for buildings, homes and industry; automotiveproducts; turbochargers; and specialty materials. Based in Morris Township,N.J., Honeywell's shares are traded on the New York, London, Chicago and PacificStock Exchanges. It is one of the 30 stocks that make up the Dow JonesIndustrial Average and is also a component of the Standard & Poor's 500 Index.For additional information, please visit www.honeywell.com. 11 December 2006 For further information please contact: Transense Technologies plc James Perry 01869 238 380 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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